STON.fi

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Description

STON.fi is a decentralized finance platform offering innovative financial services through blockchain technology. It includes yield farming, a decentralized exchange (DEX), and liquidity pools that reward users for providing liquidity. Utilizing smart contracts, it ensures transparency, security, and efficiency. STON.fi integrates Web3 functionalities for seamless interactions with crypto wallets and dApps, promoting decentralized financial sovereignty. The platform is a zero-trust, cross-chain DEX using Hashed Timelock Contracts (HTLC) for secure swaps and offers the benefits of RFQ-based exchanges. Founded in May 2022, it launched its AMM DEX on TON in November 2022. Future plans include expanding cross-chain swaps, DAOs, and a Telegram web app. The GEMSTON token incentivizes engagement and is transferable on the TON Blockchain.

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FAQ

What is STON.fi and how does it differ from other decentralized exchanges?

STON.fi is a decentralized finance platform specializing in cross-chain trading through a zero-trust decentralized exchange (DEX) model. It uniquely employs RFQ-based mechanisms with Hashed Timelock Contracts (HTLC) which allow for atomic execution of cross-chain swaps without relying on trusted third parties. This distinctive approach provides deep liquidity, price stability, and heightened security typically associated with intrachain DEXs, setting it apart from other exchanges.

How can I benefit from using STON.fi's services?

STON.fi offers a range of financial services including yield farming, liquidity pools, and a decentralized exchange for easy trading. Users can earn rewards by providing liquidity, benefiting from transparency and security provided by smart contracts. Its integration with Web3 enhances user experience by allowing seamless connections with crypto wallets and dApps, promoting financial sovereignty in a decentralized manner.

What are the future plans for STON.fi?

STON.fi's roadmap includes the implementation of cross-chain swaps starting with TON-TRON exchanges and expanding to EVM-compatible chains. Further enhancements involve the introduction of DAO governance and the development of a Telegram web application, aiming to extend functionality and community involvement within the ecosystem.

What role does the GEMSTON token play in the STON.fi ecosystem?

The GEMSTON token acts as an engagement token in the STON.fi protocol, incentivizing participants to engage actively on the platform. These tokens are dispensed as fungible tokens on the TON Blockchain and can be traded, transferred, or held at the discretion of the users, thereby integrating a layer of participation rewards in STON.fi's decentralized financial services.

Why is STON.fi considered a zero-trust cross-chain DEX?

STON.fi is designated as a zero-trust cross-chain DEX because it does not require users to place their trust in centralized or third-party entities for executing cross-chain swaps. By using HTLCs and RFQ-based exchanges, STON.fi eliminates additional trust assumptions, providing a secure environment for transactions across different blockchain networks without compromising on liquidity or price stability.

How does STON.fi integrate Web3 functionalities?

STON.fi leverages Web3 technologies by facilitating seamless connections between crypto wallets and decentralized applications (dApps). This integration optimizes the user experience, offering enhanced security and transparency thanks to blockchain technologies. The platform's focus on Web3 ensures users can efficiently manage their assets and participate in financial activities while maintaining control and privacy over their data.

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