White_blockchain

In this article, I want to tell you about the STON.fi DEX. If you want to learn more about each section, follow the relevant links or look for articles in my profile.
What is STON.fi?
STON.fi is an AMM DEX exchange built on the TON blockchain.
What is a DEX?
DEX (Decentralized Exchange) is a decentralized exchange where users can trade cryptocurrency directly with each other without intermediaries like centralized exchanges (CEX). All operations are conducted via smart contracts on the blockchain.
Key benefits of DEX:
When using a DEX, your tokens remain in your wallet, and you have full access to them.DEXs are not controlled by governments and operate independently.
What is an AMM DEX?
AMM DEX (Automated Market Maker Decentralized Exchange) is a decentralized exchange that operates based on automated market makers.
Instead of a classic order book like on centralized exchanges (CEX), AMM uses smart contracts and liquidity pools to execute trades. (Read more in the Liquidity Pools section).
Benefits of STON.fi 🚀
● Low Fees. STON.fi charges a 0.3% fee per transaction. Of this, 0.2% is returned to the liquidity pool and distributed among liquidity providers, while 0.1% goes to STON.fi.
● Minimal Slippage. STON.fi is the #1 DEX on TON in terms of liquidity, ensuring minimal slippage during trades.
● Built on the TON Blockchain. The platform leverages TON, one of the most advanced blockchains today, offering low fees and high TPS (transactions per second).
● Integration with Telegram. Trade directly from Telegram using the @STONfi_bot, seamlessly integrated with the messenger.
● Compatibility with TON Wallets. STON.fi supports all TON wallets, including TON Space.
● User-Friendly Interface. The platform features an intuitive and easy-to-navigate design.
Achievements 🏆
STON.fi’s TVL is $150,000,000 (DefiLlama), accounting for 50% of TON total TVL.
The all-time high TVL of STON.fi was $370,000,000!!!
According to CryptoRank and DappRadar, STON.fi ranked 5th among the most popular decentralized exchanges across all blockchains. Over the past month, more than 430,000 users have used the platform.
STON.fi has twice secured the top spot in the DYOR Dapps DEX ranking.
Problems of DeFi ⚠️
Lack of Cross-Chain Compatibility
The lack of compatibility between different blockchains complicates asset transfers across networks, limiting users’ access to new trading and investment opportunities.
Risk of Asset Loss
Transferring crypto assets between blockchains requires trusting third-party custodians or exchanges, which can be vulnerable to hacks and attacks. This puts funds at risk and may lead to financial losses.
High Costs and Delays
The process of converting crypto assets is often expensive and slow, adding further challenges for users.
STON.fi aims to address all these issues!
Goals of STON.fi 🎯
STON.fi mission is to make access to financial services simple and fair for everyone, regardless of their location. STON.fi aims to create a decentralized platform for cross-blockchain trading that provides a secure and reliable way to trade cryptocurrencies without restrictions imposed by banks or centralized exchanges.
STON.fi seeks to solve the problem of cross-blockchain swaps by implementing a Request for Quote (RFQ) protocol based on DeFi using Hashed Timelock Contracts (HTLC) to execute such trades. This solution eliminates the need for additional layers, intermediaries, or third parties. This approach minimizes user risks associated with security breaches and significantly speeds up transactions.

Let’s explore the features that are already available on STON.fi.
Token Swaps 🔄
You can swap tokens on the TON blockchain, allowing you to participate in numerous projects.
Guide on how to swap tokens
Liquidity Pools 💧
Liquidity pools are reserves of tokens provided by users so that others can trade cryptocurrency on decentralized exchanges (DEX). Instead of searching for a buyer or seller, users simply exchange tokens with the pool, and liquidity providers earn fees for their contributions to these pools. This enables trading without centralized intermediaries.
Guid on how to Provide Liquidity on STON.fi
Everything About Providing Liquidity on STON.fi

Farming 🌱
Farming is designed to ensure that a specific liquidity pool has sufficient funds. This allows users to trade tokens in larger volumes without worrying about price impact.In farming, you can earn significantly higher rewards compared to just providing liquidity, which motivates liquidity providers to supply liquidity.
To add your assets to farming, you first need to provide liquidity to the corresponding pool with the Farm tag and then add this liquidity (LP tokens) to farming.
How to Farm on STON.fi
Everything About Farming on STON.fi
Staking 💎
Staking the STON token on STON.fi gives you voting rights in the DAO governance protocol. For staking, you will receive the ARKENSTON NFT and GEMSTON tokens, depending on the amount and duration of your STON tokens staked.Currently, the DAO governance protocol is under development.
How to Stake on STON.fi
Everything About Staking on STON.fi and How DAO Works on the DEX

Conclusion:
DeFi platforms are far from perfect and have their own challenges. STON.fi aims to address these and become the DEX of the future — a cross-chain DEX with zero trust, providing secure, fast, and transparent digital asset trading.
If you liked my article, send your applause. And if you want to read more of my articles, make sure to subscribe! 🙌
STON.fi social networks:

Twitter - @ston_fi Telegram - @stonfidex Reddit - r/STONFi

🥉V3 pools
Even though concentrated liquidity technology lets you significantly boost your APR, this one is the least interesting for me in this list. It’s already available on TON through the smaller DEX TONCO. Still, when V3 pools arrive on STONfi, APR there will definitely be higher thanks to the exchange’s popularity.
🥈DAO
Plenty of small projects on TON already had/have DAO governance, but it’s nowhere near as interesting as the upcoming DAO from STONfi. Since STONfi is the largest exchange on TON, any changes — like delisting a token — will heavily affect that token. And the DAO will have the power to make such decisions. There could also be bigger moves, like adding an entirely new blockchain to the exchange.
🥇Cross-chain
The most important one is, of course, OMNISTON cross-chain. The developers are promising almost fully decentralized cross-chain swaps, where the only centralized element will be the quotes (RFQ), needed for faster and better swap rates. The swaps themselves will run through smart contracts on both blockchains, which guarantees your tokens can’t be frozen. In the smart contract there are only two possible outcomes: a successful cross-chain swap or, if unsuccessful, the tokens automatically return to the user’s wallet.

$TON $NOT #TON

👉Recently, STONfi was integrated into EVAA, which now makes it possible to build looping strategies with the TON/USDT pool.
[Read more in my previous post]
The idea of our looping strategy is to put LP tokens from the TON/USDT pool as collateral on EVAA, then borrow new TON and USDT tokens, add them back into the pool, and repeat🔄 — increasing your APR with every cycle.
The maximum you can borrow is 79% LTV — but never do this🧐! At that level, you’re way too close to liquidation (7% Health Factor / 86% LTV).
And don’t forget: you’re not borrowing LP tokens, you’re borrowing the tokens themselves. Because of this, your Health Factor will gradually fall.
Why will it fall🤔👇?
Collateral decreases📉
When TON rises or falls, impermanent loss in the pool makes LP tokens lose value. For example, if TON doubles in price, the gap between collateral and debt (LTV) shrinks by about 5.7%.
Debt increases📈
When you borrow tokens, your debt grows because of Organic APY. Right now, it’s 3% for TON and 6% for USDT — but these rates aren’t fixed and can rise!
That’s why you shouldn’t borrow at 79% LTV — over a year or even sooner, the gap between collateral and debt could shrink by more than 7%, leading to liquidation🥲.
I think the optimal approach for this looping strategy is to borrow at around 60% LTV. How many cycles you do depends on your capital, since you’ll also be spending quite a bit on blockchain fees💸.

$TON $NOT #TON

Recently, the DEX STONfi was integrated into the lending protocol EVAA. This now makes it possible to use LP tokens from the TON/USDT pool as collateral to take a loan — or to borrow them directly🔄.
🔹The coolest part is that LP tokens used as collateral continue earning pool fees, which opens the door to various looping strategies.
Looping strategies work like this👉: LP tokens from a pool (for example, TON/USDT) are placed as collateral, and using that collateral you borrow tokens (TON and USDT) and add them back into the pool. This cycle can be repeated multiple times, which significantly increases the total APR from the pool🚀.
⚠️But it’s important to remember: if your Health Factor reaches 0% or your LTV (loan-to-value ratio) hits about 86%, your collateral will be liquidated.
In the next post, I’ll break down more hidden risks in looping strategies and also share the optimal looping setup with the TON/USDT pool🎯.
Follow me🙃!

$TON $NOT #TON #Durov

For those who don’t like altcoins and prefer to keep assets in Bitcoin and stablecoins, I have a few ideas🤔👇.
1️⃣First, besides Bitcoin and stablecoins, you can also accumulate assets in gold by buying tokenized gold XAUt0 from Tether, which is available on the DEX STONfi. Gold still remains one of the most steadily growing assets — for example, since the start of this year, it’s already up by +30%📈.
2️⃣Second, it’s not the best idea to keep everything in regular stablecoins like USDT, since on STONfi there’s USDe and its staked version tsUSDe. By holding tsUSDe, you can earn around 10% APY💹.
But that’s not all☝️ — if you keep tsUSDe not just in your wallet but in the tsUSDe/USDe pool on STONfi, you also take part in two airdrops: one from TON Foundation and one from Ethena🎁.
More details can be found on ethena,ston,fi 🔗.
I’ve personally🥲 been farming both airdrops for several months already, and by the way, in the case of the TON airdrop, the rewards arrive weekly to your wallet (starting from 0.1 TON).

$TON $NOT #Telegram

The STON token belongs to the largest DEX on TON — STONfi. More than half of all swaps happen there. But not many know about the bullish factors for STON, so I’ve collected the main ones for you👇:
Release of STONfi DAO 🧑‍💼
To be part of STONfi DAO and make decisions about the exchange’s development, you’ll need to stake your STON tokens. The more STON you stake and the longer you lock them, the stronger your voting power will be.
Release of deflationary tokenomics 💹
The deflationary tokenomics described in the STONfi Whitepaper states that the fees earned by STONfi will be converted into STON tokens, and part of those tokens will be burned.
Buyback + Burn will both drive the STON token’s price up and reduce the total supply.
Release of OMNISTON cross-chain 🔄
Right now, OMNISTON is just an aggregator of all liquidity on TON, but in the future it will become the protocol enabling cross-chain swaps between TON and other blockchains. This will bring more liquidity to TON and to STONfi overall.
Combined with the deflationary tokenomics, this will have a very positive impact on the STON token.

$TON $NOT #TON

Easily launch your own Airdrop🎯
By starting farming, you’re basically running an airdrop where the condition to receive rewards is providing liquidity. At the same time, providing liquidity is a much deeper interaction with your project than just completing quests or simple social activities — which means you attract a higher-quality audience. And since the reward percentage is the same for everyone in such airdrops, both whales and newcomers are equally interested. Not to mention, launching a farming pool is fast and easy.
More liquidity in your pool📊
Launching a farming pool automatically motivates new users to provide liquidity to your pool. As a result, liquidity grows, price impact on swaps gets smaller, and this leads to higher trading volumes and stronger token performance.
Promotion for your token or project🎉
Launching a farming pool popularizes your token. STON.fi users see that a new farming pool has appeared in the farming tab and will want to learn more about your project. On top of that, STON.fi often posts about new farming pools in their Telegram and highlights top pools in their weekly updates.
Why STON.fi🧐?
STON.fi is the leading DEX on the TON blockchain by all key metrics: TVL (41%), trading volume (53%), unique wallets (84%), and more. On top of that, launching a farming pool or adding liquidity to one is much simpler than on other DEXs.

$TON $NOT #TON

💠UTYA (MC $21M) is tied to the DUCK sticker pack — which happens to be the most popular sticker pack on Telegram.
💠CHERRY (MC $2M) is tied to the HOT CHERRY sticker pack, also quite popular.
Both tokens recently launched farming pools on STON.fi👇:
🔥UTYA/TON – 314% APR
🏆Rewards: UTYA + TON
🔓Lock-up: None
⏳Farming period: until September 10
🔥CHERRY/TON – 690% APR
🏆Rewards: CHERRY + TON
🔓Lock-up: None
⏳Farming period: until September 10
To add liquidity to farming, simply enable the farming option when providing liquidity☝️. If you only have TON tokens, enable Arbitrary Provision — it will automatically perform the necessary swaps to provide liquidity🔄.
I see two green flags in these farming pools💚: there’s no token lock-up, and half of the rewards are distributed in TON. That’s not something you see often🧐.
Personally🤔, I like CHERRY more, since I don’t think DUCK has much room left to grow.

Or am I wrong?
$TON $NOT #TON #Telegram

The thing I’m most looking forward to right now is the creation of cross-chain swaps🔄 between the TON and TRON blockchains by the DEX STON.fi via OMNISTON, which for now works only as a liquidity aggregator on TON🌐.
The main point of this protocol is to enable cross-chain swaps without using bridges or other centralized intermediaries🧐. The only intermediaries in the swap will be smart contracts on both blockchains⚙️.
In addition to creating cross-chain swaps between TON and TRON, there will likely also be a liquidity aggregator📊 on the TRON blockchain similar to the current OMNISTON on TON, which finds the best quotes from different resolvers💹.
Resolvers on TRON will most likely include the top current aggregators there: Bitget (Bitget Swap), OKX (OKX DEX), and Houdini Swap.
It’s also possible that on TRON, STON.fi will build out an entire DEX infrastructure🤔. As the CEO of STONfi mentioned in an interview, STON.fi’s global goal is “to become the main source of liquidity for DeFi on blockchains🚀.”

$TON $NOT #TON

We all know impermanent loss is the most annoying thing in pools😵. But few people think about the fact that impermanent loss changes depending on the pool’s token ratio⚖️.
For example☝️, on STON.fi there’s a WCPI STON/TON pool with a 75%/25% ratio, and there’s also a standard STON/TON pool with a 50%/50% ratio.
So, where are impermanent losses smaller🧐👇?
In a standard 50/50 pool:
🔹50% change – 2.02%
🔹3× – 13.39%
🔹5× – 25.46%
In a 75/25 pool, where the 75% share token changes:
🔹50% – 1.42%
🔹3× – 8.81%
🔹5× – 16.40%

In a 75/25 pool, where the 25% share token changes:
🔹50% – 1.62%
🔹3× – 12.26%
🔹5× – 25.23%

In a 75/25 pool, where both tokens move (one rises, the other falls):
🔹50% – 5.18%
🔹3× – 25.76%
🔹5× – 41.15%
As we can see, weighted pools significantly reduce impermanent loss 📉 — but only in cases where one asset moves while the other stays almost still, or moves in the same direction📈.
That’s why I’d choose the WCPI STON/TON pool, since both tokens are likely to grow in parallel🚀.

$TON $NOT #TON

I think everyone has some $TON and $USDT sitting in a wallet or on an exchange, which isn’t very profitable — so you probably want to put them to work🙂⛏️.
On the DEX STON.fi, there’s a TON/USDT pool with 14% APR, and here’s why I think holding liquidity there is a good idea🙃👇.
As we know, the only real drawback of pools is impermanent loss📉, which happens when the price changes from the moment you added liquidity.
In short👇:
2x price change → 5.72% loss
3x price change → 13.4% loss
4x price change → 20% loss
Put simply, if TON doubles or halves, you lose 5.72%. If it triples, you lose 13.4%.
Right now, the pool’s APR covers impermanent loss even if TON grows 3x🚀. Plus, don’t forget that impermanent loss doesn’t factor in the trading fees you earn while providing liquidity — and the portion of those fees in TON will also grow if TON’s price rises📈. This means the APR could go from 14% to about 21%, turning that 13.4% loss into a net +7% profit.
You can also reinvest your liquidity monthly📊, which would boost that 21% to around 23%. That way, with a -13.4% impermanent loss, you’d still end up with a net profit of about +9.6%.
So, if you’re a TON believer❤️‍🔥, the TON/USDT pool on STONfi might be a perfect fit for you.
If you don’t know how to provide liquidity, watch my video. I also recommend reading this article to fully dive into liquidity provision.

$NOT #TON

It lasted a full 51 days, during which the prize pool grew from 1M PX to 8M PX📈, since 10% of every pixel purchase went into the rewards.

From this, it’s easy to calculate the total tournament trading volume — about 70M PX📊.
In my opinion, that’s an excellent result for a token that 70% of the TON community was hating on🥱.
Future of the PX token🤔
First, it’s important to understand that tournament prizes will be distributed over the next two weeks, so we shouldn’t expect a quick pump from the token☝️.
Still, I’m bullish on PX because this year we still have👇:
◉ Token burn events
◉ A $5M buyback
◉ The 3rd Notpixel tournament in Q4
The token’s current market cap is $11M, and in my view, that’s very low for a project connected to DOGS and Notcoin🧐.
Personally🤨, I’ve bought PX at the current price and I’m expecting at least a 3x by the time the 3rd tournament starts.

You can also add tokens to the PX/USDT pool on the DEX STONfi — it offers 30–40% APR, which isn’t huge but is still better than Notpixel’s official staking where your tokens are locked😟.

And if you don’t want to take risks at all🙄, I highly recommend putting stablecoins in the tsUSDe/USDe pool — this way, you participate in the airdrops from Ethena and TON Foundation and also earn 10% APY from tsUSDe🤗.
More details can be found on ethena,ston,fi or by checking my earlier post about it in my profile🤫.

$TON $NOT #TON