murlock

What is DEX exchange?
A DEX exchange is an asset trading exchange where transactions take place directly between users. This is a rather old definition, and nowadays they work a bit differently: in Ston.fi users deposit their funds into liquidity pools, providing the automated systems of the exchange with their funds, and earning a percentage from their investments, due to the difference in buy/sell rates.
Unlike centralized exchanges (CEX), decentralized exchanges do not have access to the user’s funds, which provides greater security and anonymity. No one can guarantee you that CEX exchanges can not sell your personal data, or block accounts, and DEX exchanges, fortunately for us there is no such possibility.
Ston.fi is a DEX exchange that provides anonymity, convenience and security of cryptocurrency exchange, as well as access to liquidity pools and staking programs for multiplying funds.
Let's speak about liqiudity pools and staking programs. How much can you earn in Binance's staking programs? 10 APR? 20? It's all immaterial. You can earn much more at Ston.fi. For example let's look on stable liquidity pool - TON/USDT.

67.64% Farm APR for safe tokens. That's a lot more than Binance offers. Okay, now let's figure out what a liquidity pool is.
What is a liquidity pool?
Aliquidity pool is funds fixed in a smart contract to accelerate transactions and stabilize prices. Liquidity pool providers are automated market makers (AMMs), such as STON.fi.
It’s still too complicated. Let’s make an analogy: you have 10 TON and you want to buy STON with them. At the current exchange rate (1 STON = 2.0591 TON), you would get 4.856 STON as a result of the exchange. If AMM did not exist, during the exchange you could buy out the last best offer for 1 TON at the price (2.0591 TON), and because of that, the other 9 TON would be sold at the worst and most importantly unpredictable price, let’s say 2.18 TON. STON.fi solves this problem by automatically providing an offer at the original price, and thanks to this, each of your STONs is bought at 2.0591 TON, and the amount of cryptocurrency received is known in advance.
To realize the operation described in the previous paragraph, funds are needed to create new offers at the old price for a particular user. These funds are invested by users in liquidity pools.
As a rule, users can earn on liquidity pools, so how is it that the exchange creates new offers at an unprofitable price for it?
Unfavorable price in this case is a wrong expression, because in liquidity pools the user provides the exchange with both currencies of the pair (TON/STON) in the price equivalent of 1 to 1. This means that they control both sides of the transaction, and losing on one half, they earn on the other. The user’s earnings, in turn, come from AMM commissions.

Guide to making money from STON.fi liquidity pools
Dowload a TON wallet. For example MyTon Wallet
Go to Ston.fi website. In the upper panel, select the Pools tab.

Choose the pool you like and click on it.

Click on the Connect Wallet button and follow the prompts on the screen. Only non-custodial wallets are suitable: TonKeeper, Ton Space, MyTonWallet.
After connecting the wallet, press the Add liquidity button.
Enter the amount of cryptocurrency you want to deposit into the pool. Remember that you need to have both cryptocurrencies of the pair and funds to pay for the transfer of both cryptocurrencies to the liquidity pool account.
Add liquidity and confirm transactions in the wallet.
If the pool you have selected has the Farm scroll down the pool page and provide your LP tokens (LP tokens - tokens that confirm your participation in the liquidity pool, transferred to your account automatically and hidden by the wallet) to Farm position.
Done!
Recommended reading:
https://guide.ston.fi/en/what-is-liquidity-pool
https://guide.ston.fi/en/how-to-withdraw-funds-from-a-liquidity-pool

STONfi continues to develop, and funds often help in this. For example, now $9.5M was raised for STONfi DEV to develop the cross-chain functionality of the Omniston protocol, create new pools of concentrated liquidity, introduce limit orders and implement DAO.
From the point of view of the development of the entire ecosystem, $TON is very good, because despite the general movement of the blockchain, the introduction of multiple applications, gifts, STONfi remains the engine of progress, creating more and more new and better conditions for using the blockchain.

Data from The Block indicates that DEX platforms have overtaken their centralized counterparts in trading volume. What's driving this shift, especially when CEX platforms offer features like "zero-fee" swaps and streamlined interfaces?
The key advantage lies in potential rewards and security. While staking ETH on Binance has around 3.01% APR with moderate risk, decentralized alternatives like STONfi offer significantly higher returns—for instance, the $TON/USDT liquidity pool currently provides ~9% APR under comparable risk conditions.
The difference becomes even more apparent with volatile assets. Binance's DOGE staking offers just 7% APR despite high risk, whereas STONfi's TONG/TON farming delivers over 56% APR for similar exposure.
Beyond APRs, the core function of any swap platform is asset swaps. While fees may be comparable, DEXs provide a critical edge: true price transparency. This allows traders to capitalize on market dips and spikes more effectively, free from the distortions sometimes seen on centralized order books.

The cross-chain future between $TON and $TRX is no longer just a concept—it's becoming reality. STONfi, the main DEX on TON, has been working on a system enabling direct swaps between these networks without relying on bridges or wrapped tokens. While this might sound like another unproven technology, the developers have already made significant progress.
They will implement a Request-For-Quote messaging protocol Omniston between users and market makers, ensuring that swap rates are known upfront. Additionally, Hashed Timelock Contracts (HTLCs) have been developed and tested, locking in exchange rates so both parties receive exactly the agreed-upon amount.
Most importantly, a successful test swap between TON and TRON using test tokens has already been executed. The team is now refining the protocol to ensure it’s both user-friendly and secure, bringing us closer to really cross-chain swaps.

We've finally waited - Telegram users from the United States now have access to TON Wallet, one of the largest $TON blockchain wallets that is built right into Telegram.
And we all know that defragmenting the use of anything is especially relevant in America. Yes, users from the States have been able to use the $TON blockchain and dApps on it before. But with the Telegram integrated wallet, the era of mass adoption of this blockchain is beginning.
Previously with multiple TapTap games, events, integrations brought a huge number of users to the blockchain. And not just users, but users who were not previously attracted to using cryptocurrencies at all.
Now, the same thing is happening in America, because in addition to accessing the TON Wallet, users have access to the Omniston protocol on STONfi, which previously could only be used on the STONfi site itself. But let's be honest - everyone likes to swap right in the wallet, simply because it's convenient.
STONfi itself is the largest DEX of the blockchain where 80% of all activity takes place. On top of that, Omniston will be introducing a cross-chain system in the fairly near future, which will speed up mass-adoption many times over.
Read more:
x.com/ston_fi/status/1947672996979626309

STONfi SDK has long been the leading SDK on the $TON blockchain for the implementation of swap functions within applications that require it. Also, this Software Development Kit provides the best user experience for developers, as you can find both a demo application and a well-thought-out guide on Guthub.STONfi
SDK already uses MyTonWallet, Tonkeeper, TON Wallet and other popular TON blockchain application
Yes, the same swap inside Tonkeeper is implemented using STONfi SDK, and for example, in TON Wallet swap occurs using the Omniston protocol, so it also has zero slippage and the best quote from all blockchain solvers is selected.
The peculiarity of Omniston is that it can interact even with SwapCoffee, which can form complex chains for swap.

STONfi Roadmap, what has already been done?
The primary task has long been to create a cross-chain protocol without bridges and wrapped tokens between $TON and TRON, and most likely it will already be available in TON Wallet on July 22.
The next stage for development will be cross-chain SDK. Software Development Kit for Omniston is already actively used, I assume that it will be refined for the cross-chain system.
After this system is introduced, it is planned to expand it to cross-chain with EVM networks and implement stableswap routing.
At this stage of development, these are the main details of the STONfi development plan.

Now USDe on TON is even better. For a long time USDe as a held token on the $TON blockchain has been an order of magnitude better than the classic USDT, due to the dual efficiency of the combination of staking and liquidity pool APR in the tsUSDe/USDe liquidity pool on STONfi
Now it gets even better - now APR is guaranteed to be 10% higher due to the company on STONfi, which will award liquidity providers in the tsUSDe/USDe liquidity pool on STONfi.
The awards will be distributed in a weekly airdrop format, and the planned duration of the event is 1 month.

STONfi has already taken over literally all $TON wallets, and all user swaps are done through STONfi liquidity pools, and in some cases through the Omniston protocol, which is a more advanced version of classic swap by providing zero slippage and utilizing liquidity from all sources on the blockchain.
This journey started with the integration of STONfi into the most popular TON blockchain wallet, Tonkeeper, which is where most of the swaps of the entire blockchain take place. Next, swap via STONfi was introduced into MyTONWallet and other less popular wallets.
And just a few days ago, STONfi was introduced directly into a wallet inside Telegram, formerly called TON Space and now simply -- TON Wallet. It uses the Omniston protocol by default.
What's special about TON Wallet is that it extends the Telegram ecosystem, with all its gifts, stickers, cryptocurrency sends right in the chat.

As it happens, there are a huge number of DEXs on the blockchain, and each one has its own liquidity pools with its own liquidity that has no connection to the other pools of other DEXs. This leads to the fact that the user needs to independently explore the conditions for making swap on all DEXs
To solve this problem, the Omniston protocol was implemented on the main DEX of the $TON blockchain, which not only selects the best quota among all DEXs of the blockchain, providing the best swap price, but also due to the peculiarities of the protocol provides a truly zero slippage. Users get exactly as much as it says on the swap page
In addition, the protocol will soon be implemented in cross-chain, which will make the technology available everywhere.

DeFi is a highly sophisticated system where each component serves a distinct purpose. It operates using smart contracts—self-executing code that runs on the blockchain (referred to as on-chain), while external code interacting with the blockchain is called off-chain.
At the core of DeFi lies the DEX (Decentralized Exchange), which primarily facilitates token swaps. In a swap, users send one token to a liquidity pool's smart contract and receive another in return. However, for this exchange to occur, the desired token must already be available in the pool. This is where liquidity providers (LPs) step in—they deposit their tokens into the pool to enable seamless swaps and, in return, earn a portion of the transaction fees.
By providing liquidity, LPs can get APRs. For instance, on $TON Blockchain (one of the most advanced networks) and its leading DEX, STONfi, liquidity pools offer competitive APRs. These returns are further enhanced by farming programs, where LPs receive additional fixed rewards distributed daily. Together, these mechanisms create a robust and rewarding ecosystem for participants.

For example such pairs on STONfi can generate APRs like this:
TAPS/TON >>> APR: 108%
JETTON/TON >>> APR: 49.8%
PX/USDT >>> APR: 102%

Despite the inconsistency in coins and news about the $TON blockchain, the liquidity pools on its main DEX, STONfi, are still the most interesting and convenient to use. Unlike many DEXs on other blockchains, STONfi continues to introduce new features for both liquidity providers and DEX users. For example:
> Omniston
Omniston is an extremely important development milestone for STONfi that has effectively rendered other blockchain DEXs literally useless, as Omniston aggregates liquidity from the blockchain's largest resolvers and provides the best rate for swap. Another feature is literally zero slippage, which is ensured by the Request-For-Quote protocol, which generates the swap price in advance, and it cannot change in the process.

> Arbitrary Provision
The system is actually the simplest - STONfi automatically swaps coins before liquidity provision so that the liquidity provider does not have to perform unnecessary actions. With arbitrary provision the user simply sets in advance how much he wants to provide to the pool, and the system does the rest.

One of the most popular trading tools on $TON , Ton Trading Bot in Telegram, has been shut down. The official reason was given as a decrease in activity on the $TON blockchain, but obviously this is not the main reason, as such an application does not require constant support and computing power.
According to unconfirmed reports, the bot was closed because the access keys were lost/stolen, which poses a huge danger to users.
So now it is much better to use classic DEX for swap. Well, you could say not classic. Omniston is currently available on the main DEX of the TON blockchain, which aggregates liquidity between the largest resolvers on the blockchain, ensuring literally zero slippage due to RFQ technology and the best possible rate due to the fact that the protocol selects the best offer possible.
On top of that, you get DEX security provided by open smart contracts, not some Telegram bot

In the beginning, USD Ethena or $USDe was built on the Ethereum blockchain, but due to the strong growth of the coin's capitalization, a massive expansion to other blockchains began. And it's not just spreading for the sake of spreading, it's necessary, as USD Ethena is currently the fastest growing USD-related asset in terms of capitalization.
USDe itself is a synthetic crypto-dollar created for digital transactions to replace $USDT, which has recently had some problems with United States legislation. They may not be particularly serious, but there are issues.
$USDC is better in this respect, but it has fully taken root only on Solana, and a huge part of its capitalization is concentrated on this blockchain, and advertising programs and special factors for the retention of coins leave much to be desired.
USDe copes with both of these problems at once, firstly, despite the huge capitalization of $7.44B it has a program Ethena Points, which attracts people to the coin and provides growth of capitalization, and the coin has no problems with the legislation.
The coin was recently added to the leading AMM of the TON blockchain - STONfi, as well as the Ethena Points program, which is currently available in the USDT/USDe pool, along with the stableswap technology, which ensures minimal slippage by using special technology to swap stablecoins.
Read more here:
ethena.ston.fi

The coin was previously not particularly attractive due to the upcoming unlocks, but now - they are behind us and the coin now makes sense for holding.
STON is the main coin of the main DEX blockchain $TON - STONfi:
> Price: $1.06
> Market cap: 1.06M
> Circulating supply: 1M STON
> Total supply: 100M STON

Staking with rewards in GEMSTON directly on STONfi is available, but in my opinion this is far from the best option available, as the price of GEMSTON is currently low.
All thanks to the support of the coin in liquidity pools on the STONfi product itself, there are several liquidity pools with special rules:
> STON/USDT
The special feature of the liquidity pool is the IL offset, which compensates up to 5.72% of non-permanent losses, which corresponds to a twofold change in the price of the coin. This ensures more stable liquidity management and risk coverage in liquidity pools.
> STON/TON WCPI
The special feature of the pool is the nonstandard ratio of tokens in the pool. Specifically in this pool tokens are distributed 70/30, which provides more complete ownership of STON with less dependence on TON.

For quite some time now, memecoins on the $TON blockchain have been quite volatile and have kept their price level. The most interesting thing about them is the supply of liquidity, as you can expect their growth for quite a long time, simply because at the moment the activity on $TON is at a rather low level.
To give you an idea, I have gathered information about the liquidity pools on the main DEX of the $TON blockchain - STONfi:
> FPIBANK | TON /// At the moment the APR is 36%, on average 54% and in moments of activity can exceed 500%. The memecoin itself is quite interesting, as it is the most prominent entry from the Blum platform.
> VILARSO | TON /// At the moment the APR is 22%, on average 32%, and in moments of activity it can reach 300%. Also quite an interesting memecoin with Blum Memepad, which is still attracting user interest.
- mur

Liquidity pools are still the most optimal places to store tokens, and on the main DEX of the STONfi blockchain, many pools also offer improved rewards through farming technology, which provides a stable daily reward that is shared among all liquidity providers regardless of the swap volumes in pools.
Here are the most interesting pools on STONfi at the moment:
> FPIBANK/TON /// FPIBANK is still the most interesting memecoin on TON at the moment, so the APR in the pool keeps around 30% in normal situations and rises up to 500% in moments of activity.
> BabyDoge/TON /// BabyDoge is a memecoin from the BSC blockchain that has its own bridges with TON and Solana. It is on STONfi APR is the highest among DEX on other blockchains, which is currently at 627%
> MAJOR/TON /// Also quite an interesting coin, the APR stays in the 30%---90% range, and the developers are not hammering away at the coin, unlike the developers of the much popular NOT

At the moment $TON is one of the best fundamental coins, due to the fact that the price is at a low level, but the development of the blockchain continues, for example recently on its main DEX added USDe - Ethena USD, a coin that is one of the strongest USD synthesized with a fairly rapid growth in capitalization.

Ethena Points are accumulated on STONfi for liquidity supply and staking, which in the future may well guarantee a good Airdrop, as well as in the USDE/USDT pool there is WCPI technology, thanks to which the pool has special rules established for interaction with pairs in which both coins are interlinked, such as TON/tsTON.