Tutorial on Staking with StoneFi: A Step-by-Step Guide for Beginners

What is Staking on StoneFi?

Benefits of Staking on StoneFi:

• Low fees powered by the TON blockchain.
• Lightning-fast transaction speeds.
• Cross-chain functionality.
• Seamless integration with Telegram and TON wallets.

What You’ll Need

1. TON Wallet: Such as Tonkeeper, TON Wallet, or Telegram Wallet.
2. Toncoin (TON): To cover minimal transaction fees.
3. STON Tokens: For staking or participating in liquidity pools.
4. Internet Connection: To access StoneFi via a browser or Telegram.
5. Basic DeFi Knowledge: If you’re new, StoneFi’s Ston.fi Academy offers educational resources.

Step-by-Step Guide to Staking on StoneFi

Follow these steps to begin staking on StoneFi:

Step 1: Set Up a TON Wallet

1. Download a Wallet:
• Install Tonkeeper (available on App Store or Google Play) or use Telegram’s built-in Wallet.
• Create a new wallet or import an existing one, securely storing your seed phrase.
2. Fund Your Wallet:
• Purchase Toncoin (TON) on a centralized exchange (e.g., Binance, OKX) and transfer it to your TON wallet.
• Ensure you have ~0.1-0.5 TON for transaction fees.
3. Acquire STON Tokens (if needed):
• Swap TON for STON directly on StoneFi via the “Swap” section (see below).
• Alternatively, buy STON on other DEXs or CEXs that support the token.

Step 2: Connect to StoneFi

1. Access StoneFi:
• Visit the official StoneFi website (ston.fi) through a browser or use the Telegram bot (@STONfiBot).
• Verify you’re on the legitimate site to avoid phishing scams.
2. Connect Your Wallet:
• On the website, click “Connect Wallet” and select Tonkeeper or another TON wallet.
• In the Telegram bot, authorize via your integrated wallet.
• Confirm the connection in your wallet app.

Step 3: Swap TON for STON (if you don’t already own STON)

1. Go to the “Swap” Section:
• On the StoneFi website, select “Swap” from the menu.
• In the Telegram bot, choose the swap option.
2. Choose the Pair:
• Select TON as the input token and STON as the output token.
• Enter the amount you wish to swap.
3. Confirm the Transaction:
• Review the exchange rate and fees (typically <0.01 TON).
• Approve the swap in your wallet.
• STON tokens will appear in your wallet within seconds.

Step 4: Start Staking

StoneFi offers two primary staking methods: providing liquidity to pools and direct STON token staking. We’ll cover both.

Option 1: Providing Liquidity

1. Navigate to “Pools”:
• On the website, select “Pools” or “Liquidity.”
• In the Telegram bot, choose “Add Liquidity.”
2. Select a Pool:
• Find a pool with STON (e.g., STON/TON).
• Ensure you have both tokens in equal value (e.g., $50 in STON and $50 in TON).
3. Add Liquidity:
• Enter the amount for one token (the other will auto-calculate).
• Click “Add Liquidity” and confirm the transaction in your wallet.
4. Receive LP Tokens:
• After adding liquidity, you’ll receive Liquidity Provider (LP) tokens representing your share of the pool.
5. Stake LP Tokens:
• Go to the “Farming” or “Stake” section.
• Choose the farming pool for your LP tokens (e.g., STON/TON Farming).
• Specify the number of LP tokens and confirm the transaction.
• Rewards (typically in STON) will start accruing automatically.

Option 2: Direct STON Staking

1. Go to the “Staking” Section:
• On the website, find “Staking” or “Earn.”
• In the Telegram bot, select “Stake STON.”
2. Choose a Staking Program:
• StoneFi offers various options, such as fixed staking (e.g., 30 days) or flexible staking (withdraw anytime).
• Check the Annual Percentage Yield (APY), typically 5-20% depending on terms.
3. Enter the Amount:
• Input the number of STON tokens you want to stake.
• Ensure you have enough TON for fees.
4. Confirm the Transaction:
• Approve the staking transaction in your wallet.
• Your tokens will be locked, and rewards will begin accumulating.

Step 5: Collect and Withdraw Rewards

1. Monitor Rewards:
• Rewards are credited daily, weekly, or based on pool terms (check in the “Farming” or “Staking” section).
• Liquidity pools provide STON tokens and/or a share of trading fees.
2. Claim Rewards:
• Click “Claim Rewards” on the website or bot to collect accrued tokens.
• Confirm the transaction in your wallet.
3. Reinvest or Withdraw:
• Reinvest rewards by adding them to a pool or staking program to compound returns.
• Alternatively, swap STON for TON or other assets via “Swap” and withdraw to an exchange.

Step 6: Exit Staking

1. For Liquidity Pools:
• Go to “Pools” → “My Liquidity.”
• Select the pool and click “Remove Liquidity.”
• Specify the number of LP tokens and confirm the transaction.
• You’ll receive your STON and TON tokens back.
2. For Direct Staking:
• In the “Staking” section, select “Unstake.”
• Enter the amount and confirm.
• Note any lock-up period (fixed staking may require 7-30 days to unlock).

Tips for Successful Staking

• Understand Risks: DeFi staking carries risks like impermanent loss in liquidity pools. Learn more via Ston.fi Academy.
• Track APY: Rewards vary based on pool activity. Check current rates in the “Farming” or “Staking” sections.
• Diversify: Avoid putting all your assets into a single pool or staking program.
• Use the Telegram Bot: It simplifies access to StoneFi and lets you stake directly from the messenger.
• Stay Updated: Follow StoneFi’s Telegram channel and X account (@STONfi, if available) for news on new pools and bonuses.

Frequently Asked Questions

• How much can I earn? APY ranges from 5% to 20% or higher, depending on the pool and market conditions.
• Is there a minimum amount? Typically, 10-50 STON is enough, but limits vary by pool.
• Is staking on StoneFi safe? StoneFi is non-custodial, so your assets stay in your wallet. Always verify smart contracts and avoid phishing.
• Can I withdraw tokens anytime? Flexible staking allows instant withdrawals; fixed staking requires a lock-up period.

Conclusion

Staking on StoneFi is a straightforward and rewarding way to participate in DeFi with minimal fees and high efficiency. Thanks to TON and Telegram integration, the platform is accessible even to newcomers. Set up your wallet, acquire STON, choose a pool or staking program, and start earning passive income today!