🤨How to use USDe on STON.fi (Full Familiarization + Guide)

Since I am writing a guide, it means that Ethena (USDe) is already integrated on TON. This gives us the opportunity to loot rewards. Let's get started!

❓ WHAT USDe IS:

$USDe (Ethena USD) is a stablecoin coin developed by the Ethena Labs project. Equivalent to the US dollar (1 USDe ≈ 1 USD), it works without direct support of dollar reserves.

⚡️KEY USDe FEATURES:

— Not backed entirely by fiat like USDT or USDC.

— They maintain the rate of 1 USDe = 1 dollar using market mechanisms, not bank accounts.

— Applies on platforms like Curve, Ethena Earn, STON.fi - Allows you to earn income through steaking and farming.

⚠️WHAT ARE THE RISKS:

— Since it is an algorithmic stablecoin, it is theoretically vulnerable to market fluctuations and possible loss of the peg.

— For such cases, Ethena specifically implements hedging and income strategies to avoid such scenarios.

In short, it is an Ethereum-based financial instrument that uses algorithmic and market mechanisms to maintain its price around 1 USD.

❓WHAT IS STON.fi:

STON.fi is a DEX (decentralized exchange) and with it I can make my assets work for me, for you, for anyone. Unlike centralized exchanges, STON.fi cannot control or block your assets with us, and you don't even need to go through any checks. Simply put, you provide liquidity to the exchange and in return you get passive rewards (similar to steaking). They currently have an active pool such as $USDe (Ethena) which I just talked about.

😃ALL ABOUT INTEGRATION:

— Ethena has selected STON.fi to create and manage USDe liquidity pools on the TON blockchain

— Users who steak or provide liquidity in USDe through STON.fi can automatically receive Ethena Points, which potentially unlock access to bonus rewards.

— Exchange USDT based on TON or TON to USDe in just a couple of clicks.

— Stacking and delivery of liquidity with no lock-up periods.

🤑HOW TO FARM:

1. Go to STON.fi

2. Connecting our wallet

3. Go to the “Swap” tab and swap your tokens for the USDe/USDT farm

4. After the swap, go here and select the USDe/USDT pair

5. Enter an equal amount of USDe and the second token in value, and confirm the transaction.

6. If you have already put any amount of liquidity into the selected pool, you will see the amount of your liquidity on the fill indicator. This means you can start farming! Click the ‘Farm’ button.