Tutorial on how to generate liquidity tokens on STON.fi
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STON.fi is a leading decentralized automated market maker exchange (AMM-DEX) built on the TON blockchain, focusing on providing decentralized financial services. It enables direct cross-chain exchanges through the OMNISTON protocol, eliminating the need for intermediaries or third parties.
STON.fi is a decentralized exchange founded in 2023. Currently, the exchange provides trading services for 108 currencies and 140 trading pairs. STON.fi reported a 24-hour trading volume of $4,116,244.16, a change of 64.8% in the past 24 hours. The most active trading pair is USDT/TON, with a 24-hour trading volume of $2,131,863.65.
If you want to issue tokens on the TON blockchain and make them tradable, STON.fi is a good choice. Here is how to generate liquidity tokens on STON.fi.
Connect your wallet
Open the official website of STON.fi: https://app.ston.fi/pools, click Connect Wallet in the upper right corner to connect your wallet
A list of wallets will pop up for you to choose from. Select the Tonkeeper wallet, and then a wallet plug-in will pop up. Click Connect Wallet.
Generate liquidity
Click Add liquidity on the page and select the token you want to add to the pool
Enter the token contract address and determine the number of tokens to add
After confirmation, click Confirm, the wallet will pop up, and you can confirm it with the wallet.
What should I do if there is no token avatar on STON?
A: You need to complete the application on STON and have more than 10,000 U liquidity in the pool to enter the default list of STON and get the avatar. Application link: https://docs.google.com/forms/d/e/1FAIpQLScGTZjf5DVRutqykFKF477MHoFS9-qzPhkdbOKmo_hZn66FVA/viewform
When creating liquidity, it prompts that the balance is insufficient?
Answer: Creating a pool in STON, together with gas, requires an additional expenditure of 1.7 TON. It will require at least 2.7 TON in the wallet to initiate a transaction.
Do I need to pay fees for transactions on STON?
A: Each transaction costs 0.3% in fees, of which 0.2% will be paid to liquidity providers as a fee to increase the size of the funding pool, and 0.1% will be paid to the STON.fi protocol.
If you have any questions or are unclear, please join the official Telegram group: https://t.me/gtokentool
