Unlock Exclusive Rewards With Staking : How To Stake On The Ston.fi Dex!
Before we go on with how to stake on the Ston Fi Dex…
We need to fully understand the Ston.fi Dex and what staking means.
Well.. Ston Fi is a Decentralized Exchange (Dex)— That is, it is a set of smart contracts, or software which, when specific conditions occur— a trade or swap becomes possible.
It is also an Automated Market Maker… So, you DON'T need any intermediaries to make trades happen!
With this, it's safe to say Ston.fi is the NO 1 AMM Dex on the Ton Blockchain! 😉
On the other hand— staking is a process where users lock up their tokens by depositing them into a smart contract.
However, this isn’t just any contract but an automated system designed to uphold the integrity of the staking program.
With this, users deposit their tokens into a place— which acts as a secure store!
To stake on the Stonfi Dex… 👇
1. First, go to the Stonfi Dex at app.ston.fi
Click on Connect wallet.
2. After that… Click on the preferred wallet that you want to use. (I use Tonkeeper wallet).
It then takes you to the connection page…
3. Click on Connect wallet to confirm the linking of your wallet to the Dex.
When you get back to the Ston fi Dex… You should've seen your wallet address on the top right corner as shown in the picture below.
4. Then, to go to the three-line icon as shown below and click on stake
5. After this, click on stake STON
You're going to see your staking history. (In my case, I've not staked the STON token yet).
You can however choose to stake any amount of STON you want & you'll see the reward you'll be getting.
To further your staking process— Click on stake and then it takes you to the page where you confirm by clicking on confirm and stake. 😁
In addition to the STON token reward that you'll be getting… When you stake your STON tokens— You’re unlocking the potential of two powerful tokens: ARKENSTON and GEMSTON.
I'll be getting 0.0125 STON— 0.125 GEMSTON— and <0.01% ARKENSTON for staking 0.25 STON for a period of 12 months. [Of course, rewards will be higher if I were to stake them for longer at 24 months].
For more context, you receive an equal amount of GEMSTON and ARKENSTON tokens when you stake STON. The only difference is that ARKENSTON is a soul-bound non-fungible governance token and non-transferable in nature.
However, GEMSTON on the other hand is fungible and offers more flexibility. You can sell, swap, or transfer GEMSTON to other users.
In addition to these exclusive benefits, staking on StonFi grants YOU a golden ticket to the STON DAO, the heart of the decision-making process on the protocol.
To conclude, you might want to have some Ton token for your staking to go through. 🤝
Staking on the Ston.fi Dex is as easy as this! 😁
And that's a wrap!
To begin your journey with the Stonfi Dex…
● Visit: app.ston.fi
And if you’d love to join the Ston fi ecosystem…
✓ Visit Ston Fi website: ston.fi
✓ Follow Ston Fi on X: https://x.com/ston_fi?t=08yqL8LfePrsCi17NNkMoQ&s=09
✓ Ston Fi Telegram Community: t.me/stonfidex
✓ Join StonFi’s African community: https://t.me/Stonfi_Africa
✓ Join Ston Fi’s Ambassador Program: https://x.com/ston_fi/status/1712847623474815402?t=iY6Atq6NiS2yPKDq7OLptg&s=19
Read more about Stonfi: https://docs.ston.fi/docs/user-section/protocol
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✓ Drop a clap 👏
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