Binnoreen

ການມອງແບບອີງຫຼັກຖານ (evidence-based) ກ່ຽວກັບ AMM, ສະຖາປັດຕິຍານຂອງ liquidity (liquidity architecture), Omniston, ການກຳນົດທິດທາງ (governance), ຄວາມປອດໄພ (security), ແລະຂໍ້ມູນທີ່ຢູ່ຫລັງຈຸດຢືນຂອງ STON.fi ໃນ TON.
ໃນ decentralized exchange (DEX) ການກະທຳທີ່ເຫັນໄດ້ຊັດທີ່ສຸດແມ່ນງ່າຍ: ຜູ້ໃຊ້ເລືອກໂຕເຄນໜຶ່ງ ເລືອກໂຕເຄນອີກອັນ ໃສ່ຈຳນວນ (amount) ແລ້ວກົດ Swap.
ແຕ່ຢູ່ຫລັງປຸ່ມນັ້ນ ຍັງມີລະບົບທີ່ສັບສົນກວ່າຫຼາຍ.
ຕ້ອງມີ liquidity ພ້ອມ. ຕ້ອງຄຳນວນລາຄາ (prices). Smart contracts ຕ້ອງປະສານງານເພື່ອຈັດການທຳລາຍປະຕິກອນ. ຜູ້ໃຫ້ liquidity ຕ້ອງໄດ້ຮັບສ່ວນຂອງຄ່າທຳນຽມ (fees) ຂອງຕົນ. ລະບົບຈຳເປັນຕ້ອງປົກປ້ອງຜູ້ໃຊ້ຈາກການປ່ຽນແປງລາຄາທີ່ເກີນເຫດ, ໃນຂະນະທີ່ນັກພັດທະນາກໍຕ້ອງການໂຄງລ່າງ (infrastructure) ທີ່ຮອງຮັບຊັບຊ້ອນສິນຊັບ (assets) ຫຼາຍພັນຊະນິດໄດ້.

A strong DeFi ecosystem is not built around one feature.It grows by connecting different parts of the user experience together.
This week, STON.fi introduced a new NFT companion, added another way for users to earn miles, and expanded its connection with the Stonks ecosystem.
At the same time, the protocol continued to show activity across its farms, swaps, and liquidity markets.
Here is what stood out this week.
❑ 1. Stoncat turns GEMSTON into an interactive experience
STON.fi introduced Stoncat, an evolving NFT companion powered by GEMSTON.
Instead of simply holding an NFT, users can interact with their Stoncat by feeding it GEMSTON, rolling Purrks, and equipping different traits.
The traits collected and equipped can influence the companion's rarity and position on the rarity leaderboard.
This creates another layer around the STON.fi ecosystem where GEMSTON is connected to an interactive user experience rather than existing only as a reward mechanism.
The interesting part is the progression.
Users can build and customize their own Stoncat over time, making each companion potentially different from another.
❑ 2. Stoncat connects with the One Swap. Across Chains campaign
The arrival of Stoncat also brought a new "One Swap. Across Chains" task.
Users can complete the task to collect additional miles ahead of the main campaign.
The waitlist also provides 1,000 bonus miles.
These miles are designed to become useful during the campaign, where they can be spent on weekly limited Flight Deals.
So the campaign is doing more than simply rewarding activity.
It is creating a progression system where users participate, collect miles, and eventually use those miles within the campaign.
❑ 3. STON.fi integrates with Stonks
Another important development this week was the integration between STON.fi and Stonks.
The integration connects token launches with STON.fi liquidity.
When bonding curve tokens graduate, they can move directly into STON.fi pools.
This matters because launching a token and creating accessible liquidity are two different problems.
A token can attract attention during its launch, but users still need a functioning market where they can trade it.
By connecting the launch process with STON.fi liquidity, the ecosystem can create a smoother transition from token creation to trading.
STON.fi tokens are also available through the Stonks terminal and Telegram bot, giving users additional access points.
❑ 4. The numbers behind the week
Beyond the new features and integrations, the network continued to record activity.
Weekly swap volume reached:
$12.1M
TVL stood at:
$25.0M
Liquidity providers generated approximately:
$20,000
Active farm APRs also remained notable:
USD₮/JETTON: 91%
GRAM/JETTON: 57%
STON/USD₮: 14%
STON/USD₮ Boost Farm: 28%
These numbers provide a snapshot of where activity and incentives are currently concentrated across the ecosystem.
Of course, APRs can change, and they should not be viewed as guaranteed returns. Anyone providing liquidity should understand the risks, including impermanent loss and market volatility.
❑ The bigger picture
Looking at the week's developments together reveals an interesting direction for STON.fi.
Stoncat adds an interactive NFT layer.
The One Swap. Across Chains campaign connects activity with miles and rewards.
The Stonks integration connects token launches with liquidity.
And the underlying protocol continues to facilitate swaps and liquidity across its markets.
The bigger story is not any single announcement.
It is how these different pieces are beginning to connect.
A DeFi ecosystem becomes more useful when users can move naturally between different activities without feeling like they are using completely separate products.
That is what makes this week's updates worth watching.
The question now is how much further these pieces can develop and how they will affect user activity across the STON.fi ecosystem.
Stay tuned for the next weekly round-up.

Cross-chain DeFi often asks users to understand too much infrastructure.Which chain are you on? Do you need a bridge? Which asset arrives on the other side? Where does liquidity come from? What happens if something fails?
STON.fi’s “One Swap. Across Chains” campaign is designed around a simpler user experience, but the campaign itself is more than a reward program. It is also an onboarding layer for STON.fi’s cross-chain product, powered by Omniston.
The important question is therefore not simply “What can I earn?”
It is: “what is STON.fi actually trying to teach users about cross-chain swaps, and what has it already built underneath the campaign?”
❑ The Campaign Starts With a Waitlist, Not a Cross-Chain Reward
The official rules identify the campaign as a marketing campaign organized by STON Limited, beginning with a Waitlist Phase on “1 September 2026 at 00:00 UTC. Participation is free, and the rules explicitly state that it is not an investment offer, lottery, gambling activity or financial product.
The onboarding process requires users to connect a TON wallet and pair the campaign's Telegram bot.
The first 1,000 eligible participants were offered a Priority Passenger Ticket, alongside a 1,000-mile bonus and Priority status in STON.fi's campaign announcement. STON.fi later reported that all 1,000 Priority Passenger Tickets had been claimed on the first day.
There is an important distinction here.
The formal rules define the Priority Passenger Ticket as a campaign identity image, not an NFT and not a Flight Deal. It has no guaranteed monetary value and does not require miles to receive.
The exact future benefits of “Priority status” remain undisclosed. STON.fi's announcement simply says users should watch what the status unlocks next.
❑ Miles Are Points, Not a Token
Miles are the campaign's internal points system.
Users can earn them through active missions such as wallet connections and other campaign activities. The rules make an important distinction between spendable miles and total earned miles.
Spendable miles can eventually be used for Flight Deals, while total earned miles track the user's cumulative campaign activity and do not decrease when spendable miles are used. Miles are not transferable and have no guaranteed cash value.
The campaign interface currently advertises a 1,000-mile waitlist bonus through September 15. It also displays “1,300 miles the moment you're aboard.” That wording deserves caution because the formal rules and launch announcement clearly identify the joining bonus as 1,000 miles.
For an independent reader, the safest interpretation is to treat 1,000 miles as the formally documented joining bonus and not assume the additional 300-mile figure is guaranteed without further clarification.
Flight Classes are another unresolved component. The rules define them as campaign status tiers that may affect access to selected Flight Deals, but current documentation does not establish complete class names, thresholds or benefits.
❑ Behind the Campaign: How Omniston Handles the Swap
The campaign sits on top of Omniston, STON.fi's cross-chain execution layer.
The architecture uses two different mechanisms for two different jobs.
RFQ, or Request for Quote, handles price discovery.
A user requests a cross-chain swap. Resolvers compete by providing executable quotes, and the system selects a route.
HTLCs handle settlement.
Hashed Timelock Contracts create a cryptographic condition linking the two sides of the transaction. According to STON.fi's technical explanation, the source and destination funds are locked in linked contracts. If the required conditions are met, the swap settles; otherwise the relevant funds can be refunded through the timelock mechanism.
This is what STON.fi means by atomic settlement.
The design is intended to avoid a valid outcome where one side completes while the other permanently loses its funds.
❑ Why the Architecture Avoids Wrapped Bridge Assets
Traditional bridge systems commonly lock an asset on one chain and issue a representation of it on another.
Omniston takes a different approach.
According to STON.fi's documentation, resolvers provide destination-side liquidity while the user receives the native asset on the destination chain. The system does not require a shared bridge pool or wrapped representation of the asset.
That does not mean cross-chain swaps become risk-free.
Resolver liquidity, smart-contract execution, blockchain availability and the supported route still matter. The important difference is architectural: Omniston attempts to separate cross-chain execution from the traditional lock-and-mint bridge model.
❑ What Is Still Undisclosed
Several important campaign details remain open.
The complete benefits of Priority status have not been published. Flight Class thresholds and specific Flight Deal requirements are also not fully defined in the current rules. The rules allow STON.fi to modify campaign mechanics, dates, mission requirements and rewards by publishing updates.
That matters because readers should not interpret today's campaign interface as a permanent specification.
The same principle applies to supported chains. STON.fi currently lists TON, TRON, Ethereum, Base, BNB Chain, Polygon, Arbitrum, Avalanche and Robinhood as live on the Omniston page, while noting that more chains are rolling out in phases.
❑ What the Campaign Reveals About STON.fi’s Cross-Chain Direction
The campaign is easiest to understand as a bridge between education and product adoption.
Users are introduced to cross-chain concepts through wallets, missions and miles, while the underlying product is designed to make the actual transaction less dependent on users understanding the infrastructure underneath.
Whether that architecture becomes broadly useful will ultimately depend on factors such as resolver liquidity, route availability, execution reliability and user adoption.
For now, the evidence supports a narrower conclusion:
STON.fi is using the “One Swap. Across Chains” campaign to introduce users to a cross-chain execution system built around RFQ-based resolver competition and HTLC-based atomic settlement.
The rewards are part of the campaign.
The more significant development is the infrastructure underneath them.
❑ References
Official Sources
STON.fi Cross-Chain Campaign
https://cross-chain.ston.fi/
Official Campaign Rules
https://cross-chain.ston.fi/rules
STON.fi Omniston
https://ston.fi/omniston
Omniston Documentation
https://docs.ston.fi/developer-section/omniston
STON.fi Blog
https://blog.ston.fi/
STON.fi X
https://x.com/ston_fi
STON.fi Telegram
https://t.me/stonfidex

Stonbassadors Program
https://ston.fi/stonbassadors

Token bíi AAPLx lè dà bí ipò stock Apple nínú apamọwọ TON. Ṣùgbọ́n nípa ìmọ̀ òfin àti nípa ìmúṣeré, àpèjúwe yẹn kì pé.
Ìbéèrè pàtàkì náà kì í ṣe lásán bí a bá lè fi ẹrù (stock) sí inú blockchain. Ó jẹ́ ohun tó jẹ́ gangan ni token náà dúró fún, ẹni tó dúró lẹ́yìn rẹ̀, àti ohun tó ń ṣẹlẹ̀ láàárín eré ìní ìbílẹ̀ àti token náà nínú apamọwọ rẹ.
Tshw i dԑȳeɖan cungruŋ qōyulu to yìn u hwɔ́ɖɔ́ɖɔ̄ gúɖúm: gúnnɛ̄ ḿɔ́n kàtɔ́ kàtɔ́ sì túgā ᵭɔ́nɡìᵭɔ́n, wò sɛ́ ᵭɔ́nɡìᵭɔ́n TON DeFi.
❑ Ticker tí o rí nínú apamọwọ rẹ kì í ṣe ojú-irin (stock) náà fúnra rẹ̀

Ama-cross chain swaps kulula ukuwachaza, kodwa kunzima kakhulu ukuwakha.
Umsebenzisi angase abone isenzo esilula kuphela: akhethe ithokheni kwenye i-blockchain, akhethe enye ithokheni kwenye i-blockchain, aqinisekise, bese ethola impahla okuyiwa kuyo.
Nokho, ngaphansi kwaleyo interface, ama-blockchains amabili azimele kufanele abambisane ukuze enze ukushintshana ngaphandle kokuthembela ku-ledger efanayo, kuyilapho elawula i-liquidity, ukwenziwa, izindleko kanye nezigameko zokwehluleka.
Ngomhlaka-16 kuJuni 2026, i-STON.fi yenze ama-swap wokuwela i-chain ukusuka ku-TON ukuya ku-EVM atholakale nge-dApp yayo. Ukuqalisa kokuqala kuxhumanise i-TON ne-Ethereum, Base, BNB Chain ne-Polygon, ngomkhawulo wesikhashana ongu-$1,000 ngomsebenzi ngamunye.

ໃນວັນທີ 20 ສິງຫາ 2026, STON.fi ໄດ້ຈັດພີມສະຖິຕິທີ່ສະແດງໃຫ້ເຫັນຢ່າງທັນທີ:
ໂປຣໂຕຄອນກ່າວວ່າມັນຢູ່ອັນດັບ #4 ໃນບັນດາ 100 ແອັບ TON ຕາມຈຳນວນ Wallets ທີ່ເຄື່ອນໄຫວດ້ານການເງິນລາຍເດືອນ, ຢູ່ຫລັງແອັບທີ່ລວມເຖິງແພລດຟອມສູນກາງຂະໜາດໃຫຍ່, ແລະໄດ້ອ້າງອັນດັບ #1 ໃນບັນດາໂປຣໂຕຄອນ TON DeFi.
ຂ່າວປະກາດດຽວກັນນັ້ນກ່າວວ່າປະມານ 14,000 ວັລເລັອດໄດ້ເຄື່ອນໄຫວດ້ານການເງິນຢູ່ໃນ STON.fi ໃນໄລຍະໜຶ່ງເດືອນ.
ໃນເບື້ອງຕົ້ນ, 14,000 ເບິ່ງຄືວ່າເປັນຕົວເລກການຮັບໃຊ້ຈາກຜູ້ໃຊ້ທີ່ຊັດເຈນ.
ມັນບໍ່ແມ່ນ.
ຄຳຖາມທີ່ສຳຄັນກວ່າແມ່ນ:

Para sa karamihan ng kasaysayan nito, ang STON.fi ay pangunahing nauunawaan bilang isang automated market maker (AMM) at decentralized exchange sa TON.
Kuchāgōd man āyuṅgihāngkēṅa aṅga, pero itóna nàhindi na nito naagap ang kabuungan na arkitektura.
Ngayon, pinapatakbo ng STON.fi ang Omniston bilang isang hiwalay na liquidity aggregation at cross-chain execution layer. Sa halip na umasa sa iisang AMM pool, ang Omniston ay maaaring humiling ng mga quote mula sa maraming liquidity source, ihambing ang mga executable na ruta, at i-coordinate ang settlement. Ang mas bagong cross-chain architecture nito ay pinalalawak ang model na iyon lampas sa TON.

Olunye isonto elinomlando omusha wendawo ye-STON.fi, ngokukhula okukhulu, amakhono athuthukisiwe awela-imikhakha, kanye nengqalasizinda emisha eqhuba i-TON DeFi.
🔥 I-Highlight Yamasonto Onke
I-STON.fi manje isidlule ama-swap angu-35 million esewonke isikhathi.
NgoJuni 2026, i-wallet emaphakathi yaqeda cishe ukuthengiselana okungu-10, okubonisa ukubandakanyeka okuqinile komsebenzisi nokukhula kokwamukelwa kulo lonke uhlelo lwezinto.
Siyabonga kuwo wonke umuntu osiza ukuqhubekisela phambili i-TON DeFi.
Nansi okwenzekile kuleli sonto:
1️⃣ I-Avalanche ne-Arbitrum Zijoyina Inethiwekhi Yezixhumanisi Zawela-Imikhakha

Cross-chain DeFi se razvija, a STON.fi je poduzeo još jedan veliki korak prema tome da granice blockchaina postanu gotovo nevidljive.
Nakon lansirane cross-chain swapova između TON-a i glavnih EVM mreža, STON.fi je sada proširio svoju mrežu dodavanjem Avalanchea i Arbitrum-a, pružajući korisnicima još više načina da premještaju stablecoinove između ekosistema iz jednog sučelja.
Rastući cross-chain ekosistem
Umjesto prebacivanja između više mostova, novčanika i decentraliziranih aplikacija, korisnici sada mogu izvršavati podržane izmjene stablecoinova izravno unutar STON.fi aplikacije.