March 31
What is STON token staking on STON.fi and how can it be used?
In the STON.fi ecosystem, a decentralized exchange on the TON blockchain, staking the STON token allows users to earn passive income by participating in the network's development.
Let's start with what is STON.fi?
- STON.fi is a decentralized exchange (DEX) built on the TON blockchain.
- It allows users to directly exchange tokens with each other using automated market makers (AMMs).
- One of the platform's key features is the ability to stake the STON token (and more).
STON is the native token of the STON.fi platform, used in the ecosystem for:
Staing is the process of locking STON tokens in a smart contract on the STON.fi platform to earn rewards.
- The user helps maintain the protocol's stability.
- Rewards are earned in the form of new STON tokens or other bonuses.
How do I stake STON on STON.fi?
- Go to STON.fi.
- Connect your wallet.
- Go to the Staking section.
- Select a pool and enter the amount.
- Confirm the transaction in your wallet.
After staking your tokens in the pool, you will begin receiving rewards. These rewards can be withdrawn or reinvested periodically.