How to make money on DEX using STON.fi as an example ?
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In this article I will tell you how to make money on decentralized platforms (DEX) using STON.fi as an example. We will understand what DEX is, get to know the STON.fi platform and learn three simple ways to earn money: Swap, Farming and Staking.
What is DEX?
DEX (decentralized exchanges) are platforms where you can trade cryptocurrency directly, without intermediaries. Unlike regular exchanges, which are controlled by a single company, DEXs work via blockchain, where all transactions are transparent and pass between users directly.
What is STON.fi?
STON.fi is a decentralized exchange that runs on the TON blockchain. It allows you to:
Exchange cryptocurrencies quickly and with minimal commissions.
Integrate with a TON wallet for convenient use.
Earn from additional features such as farming and steaking.
Now let's move on to ways to earn money!
1. Swap (cryptocurrency exchange).
The easiest way is to swap one cryptocurrency for another with the expectation that the price will rise.
Example:
You can exchange TON for STON. If the price of STON goes up, you can sell it later for a higher price and make money on the difference.
4. Select the cryptocurrency you want to exchange and enter the amount.
5. Click the Swap button and confirm the transaction in your wallet.
That's it! Cryptocurrency will enter your wallet, and now you just have to wait for its growth.
2. Farming
Farming is a way of earning money where you deposit your cryptocurrencies into liquidity pools to support exchanges on the platform. For this, you get a portion of the commission from the transactions.
Example:
If you add a pair of tokens (e.g. STON and USDT) to a pool, you will receive special LP tokens. These tokens can be used for farming and earning extra income.
2. Click on the Pools tab, then select Farming.
3. Find a suitable pool (e.g. TON/USDT).
4. If you don't have the tokens you need, exchange them via Swap.
5. Go back to the selected pool and click Add liquidity.
6. Specify the amount to be added to the pool and confirm the transaction in the wallet.
7. After that, click Farm to start earning LP tokens and start earning.
The greater your investment and the more active users use the pool, the greater your income.
3. Stake (steaking)
Staking is a process where you “freeze” your tokens for a certain amount of time to keep the blockchain running. For doing so, you receive a reward.
Example:
On STON.fi, you can steak STON tokens. In return, you will receive additional tokens such as GEMSTON and the opportunity to participate in the governance of the platform (DAO).
2. In the Swap tab, swap TON for STON (if you don't have them).
3. Go to the Stake tab and click Stake STON.
4. Specify the amount of tokens and staking period, then confirm the transaction, and click on Confirm and stake
5. Once completed, you will see your steaking information. Tokens can be withdrawn only after the specified period of time.
This method is suitable for those who are willing to hold their assets for a long time and receive a stable income.
Conclusion:
STON.fi is a convenient platform for making money from cryptocurrencies. We have considered three ways:
- Swap (Swap) - suitable for those who want to make a quick profit on the price difference.
- Farming - suitable for those who want to earn income from commissions.
- Staking - ideal for long-term investors.
Try different methods and choose the one that suits you best!