What exactly is STON.fi?

If you're new to DeFi, think of STON.fi as a decentralized exchange built on The Open Network (TON).

Unlike a centralized exchange, you don't deposit your assets into a company-controlled account.

STON.fi is non-custodial, meaning your assets remain in your own wallet while you interact with the protocol.

You can use STON.fi to:

• Swap tokens
• Provide liquidity
• Earn fees through liquidity provision
• Farm available rewards
• Stake STON
• Participate in DAO governance

Under the hood, STON.fi uses an Automated Market Maker (AMM) model, where liquidity pools help facilitate token swaps instead of a traditional order book.

For me, understanding STON.fi starts here:

It isn't just a place to swap tokens. It's a DeFi protocol built around self-custody, liquidity and on-chain participation.

And this is only the beginning.

Next: How does a DEX like STON.fi actually work?