Participate in STON/USDT farming and share a pool of 10,000 STON
Here @Swyzzddy, in this article you will learn how to participate in STON.fi farming, as well as how to supply liquidity and steak LP-tokens, sit back, let's get started!
Familiarisation
What is STON.fi
STON.fi is the largest DEX exchange in the TON network.
They decided to launch STON/USDT pair farming, in which any of you can participate!
How to participate?
In order to participate in this particular farming, we need to put liquidity in the pair STON/USDT, and the received LP-tokens from the liquidity supply should be tokenised - that's when we can become a participant of the farming.
Hard to understand? - after the article it will be easier !
Liquidity supply to the STON/USDT pair
In order to put liquidity in STON/USDT, we need to understand:
What is liquidity
Liquidity is the ability of a cryptocurrency to be exchanged quickly in the market at the current price without significant loss of value.
This means that when you buy or sell an asset, the price will not rise or fall dramatically if there is enough liquidity. Liquidity providers should have the same amount of both coins in monetary equivalent ($ for example), this is necessary to maintain balance.
How liquidity is delivered in STON/USDT
Let's say you have $100 and you want to put liquidity, what should you do?
It's simple, you need to swap half of 100$ into one coin and the other half into another coin.
In our case, if you have a balance of 100 USDT, then in the pair STON/USDT you need to swap 50$ into STON, the other 50$ should be left in USDT, as it is present in the pair.
How to swap one coin into another
1. Follow this link - https://app.ston.fi/swap?ft=TON&tt=WNOT
2. In our case, choose the pair USDT/STON.
3. Further we repeat the points in the screenshot below.
Done, you've successfully swapped! Let's move on!
How to put liquidity in STON/USDT
1. Go to the link - https://app.ston.fi/pools
2. Go down a little lower.
3. Repeat the steps in the screenshot below
After confirming the transaction you will start to receive LP-tokens, we will steak them to get profit from them and participate in farming.
How to steak LP tokens?
Go to the same page - https://app.ston.fi/pools/EQBWjPASSjsgibEv3fGUCwSwFyUxLVFaywZzNmuBXPFOFfOG
And now after you put coins in liquidity, you have the opportunity to steak LP-tokens, in order to steak them, you need to click Farm and confirm the transaction, screenshots attached below:
Congratulations, now you are participating in STON/USDT farming.
Thank you for reading my article, we will meet again !
Useful links:
Ston.Fi - https://app.ston.fi/swap
Discord Ston.Fi - https://discord.gg/Sru3YJwz
Twitter - https://x.com/ston_fi
My Blog - https://t.me/+P_rSAo7GJpNkNjUy