Background and History
STON.fi, also referred to as Stone Finance, is a decentralized finance (DeFi) project launched in 2022 on the TON blockchain. The project aims to democratize finance by offering a range of DeFi services including automated market making, staking, and yield farming. Leveraging the high-speed and low-fee infrastructure of TON, STON.fi quickly gained traction as a leading DEX in the ecosystem.
Key Features and Technologies
Automated Market Maker (AMM)
STON.fi operates as an AMM, allowing users to swap cryptocurrencies with virtually zero fees and minimal slippage. The platform aggregates liquidity from various sources within the TON ecosystem to ensure the best swap rates.
Cross-Chain Operations
The STON.fi platform supports cross-chain operations, enabling seamless swaps between TON and other blockchains like Ethereum and Binance Smart Chain through its SDK and Telegram bot integration. This functionality enhances interoperability and liquidity across different blockchain networks.
Yield Farming and Staking
STON.fi offers lucrative yield farming opportunities where users can stake their crypto assets in liquidity pools to earn rewards. Users can also stake STON tokens to participate in governance and decision-making processes within the platform.
Tokenomics
STON Token
STON is the native utility and governance token of the STON.fi ecosystem. It facilitates various platform operations and allows holders to participate in governance votes. The total supply of STON tokens is allocated as follows:
- Community Incentives: 40% for community rewards, distributed through multiple rounds of airdrops and incentive programs.
- Team and Strategic Reserves: 40% reserved for the development team and future strategic initiatives, with a vesting period to ensure long-term commitment.
- Liquidity Provision: 20% allocated for liquidity provision to support the platform’s operations.
Governance and Use Cases
STON token holders have voting rights on platform changes, token listings, and other critical decisions. The token is also used to incentivize user participation and liquidity provision, ensuring a robust and engaged community.
Usage and Applications
STON.fi integrates directly with Telegram, allowing users to perform swaps and manage their assets seamlessly within the messaging app. The platform supports various DeFi activities including staking, yield farming, and decentralized lending and borrowing.
Notable Events
Launch and Early Adoption
Since its launch in 2022, STON.fi has processed over $1 million in daily trades and has become a cornerstone of the TON blockchain’s DeFi ecosystem. The platform’s integration with Telegram has been a significant driver of its adoption and success.
Airdrop Campaigns
STON.fi conducted several airdrop campaigns to distribute STON tokens to early adopters and active community members. These campaigns were designed to foster engagement and expand the user base, contributing to the platform’s rapid growth.
Relevant Metrics and Data
As of 2024, STON.fi processes over $1 million in daily trading volume and has integrated multiple cross-chain capabilities to enhance its DeFi offerings. The platform’s focus on low fees and high transaction speed has positioned it as a preferred choice for users within the TON ecosystem.
