New STON.fi function: Protection against intermittent losses
Hi everyone, today I would like to introduce you to a new feature that is now available on STON.fi, but first let me tell you about the site itself
What is STON.fi ❔
STON.fi is a platform in the TON network, where we can do things like exchanging, farming, or steaking.
What is ''Protection against volatile losses'' ❔ Our losses occur when the prices of tokens in the liquidity pool change, which can result in large losses for those who provide liquidity.
In simple words, this feature allows us to reduce the risk on our invested money.
⚡️ Now this function is available only in STON/USDT V2 pool. The function is just starting to develop and I think we will soon see it in many liquidity pools, but for now it is only here!
A few main points I would like to draw your attention to ❕
▫️ Works only in STON/USDT V2 pool.
▫️ budget for a month of loss protection is limited to $10,000.
▫️ Max. Payout per person - $100 (in $STON tokens).
▫️ Payouts are made automatically - no requests required!
▫️ You have to keep money in the pool to get compensation.
▫️ Available from January 1, 00:00 UTC to January 31, 23:59 UTC!
▫️ Compensation compensates a maximum of 5.72% of non-permanent losses.
‼️ And to receive compensation, you must submit liquidity before January 1!
A useful function for liquidity providers, who thought to invest or not - definitely recommend it, the risks are limited and the profit is good!
All sources STON.fi - https://linktr.ee/ston.fi
I hope this article helped you to understand, thank you all!