Unlocking the Power of Staking in STON Fi: A Step-by-Step Guide.
Staking has become an integral part of decentralized finance (DeFi), offering users the ability to earn rewards while supporting the security and governance of blockchain networks. STON Fi, a prominent platform on the TON blockchain, provides its users with the opportunity to stake STON tokens and actively participate in the protocol’s governance. In this blog, we’ll take a look at the staking process on STON Fi and guide you through the steps to start earning rewards.
What is Staking in STON Fi?
Staking involves locking up a specific amount of cryptocurrency in a network to support its operations, securing the protocol, and in return, earning rewards. When you stake your STON tokens, you’re helping to ensure the stability and health of the network while earning GEMSTON tokens as a reward. Additionally, you gain the right to influence key protocol decisions by participating in governance through the use of GEMSTON and ARKENSTON tokens.
Here’s a simple breakdown:
- STON Tokens: The cryptocurrency you will stake to earn rewards.- GEMSTON Tokens: Earned through staking, these give you governance rights.
- ARKENSTON Tokens: Soulbound NFTs tied to your wallet, allowing deeper involvement in the future of STON Fi governance.
Step-by-Step Guide to Staking STON Tokens
1. Access the STON Fi Platform
First, open your web browser and navigate to the STON Fi platform by visiting Ston.fi. Once you’re on the site, click on “Go to App" to access the main interface where you’ll be able to stake your tokens.
2. Navigate to the Staking Section
On the main dashboard, you’ll find a section labeled "Stakes". Click on this to proceed to the staking menu where you can start the process of locking up your STON tokens.
3. Enter the Staking Amount
In the Stakes section, click on the "Stake STON" button. A new menu will appear where you can specify the amount of STON tokens you wish to stake. You’ll also be able to select the duration for which you want to stake your tokens—typically, the longer you stake, the greater the rewards.
4. Review Governance Tokens: ARKENSTON & GEMSTON
You’ll notice two key tokens in the staking menu: ARKENSTON and GEMSTON.
- ARKENSTON is a soulbound NFT, meaning it’s permanently linked to your wallet and cannot be transferred or sold. In the future, ARKENSTON will serve as an entry ticket to the STON Fi DAO, a decentralized community for governance decisions.
- GEMSTON is a governance token that is earned immediately after staking. This token gives you voting rights and can be traded on STON Fi and other exchanges.
5. Use the Staking Calculator
The staking menu includes a calculator that shows you how much GEMSTON you’ll earn based on the amount of STON tokens you stake and the staking duration. This handy tool lets you estimate your rewards before confirming the transaction.
#NB- Refer to picture in Step 3
6. Confirm and Stake
Once you’re satisfied with the staking amount and duration, click the "Stake" button to initiate the process. Confirm the transaction in your wallet to complete the staking process.
7. Congratulations!
You’ve now successfully staked your STON tokens. Not only will you earn rewards over time, but you’ll also contribute to the long-term success of the STON Fi ecosystem.
Additionally- You'll be able to view your staked assets on the in the Overview section.
Conclusion
The Long-Term Value of Staking on STON Fi
Staking your STON tokens on STON Fi is not just about earning rewards—it’s about maximizing your influence within the ecosystem. With GEMSTON and ARKENSTON tokens, you gain more than governance rights; you become an integral part of shaping the protocol’s future. The more you stake and engage, the greater your role in steering the direction of the platform, from voting on important proposals to suggesting new features.
The long-term value of staking on STON Fi lies in its ability to align your financial interests with the protocol’s growth and success. By committing your STON tokens, you actively support the network’s health while unlocking a steady stream of rewards and deeper involvement in decision-making. In this way, staking is not just a passive income opportunity—it’s a way to fully integrate yourself into the future of decentralized finance.
