Empowering Users with Direct Control Over Protocol Evolution
The DAO of STON.fi, the leading swap dApp and foundational DeFi protocol on The Open Network (TON), has been launched as the first full decentralized autonomous organization within the TON ecosystem. This initiative grants users direct control over how the protocol evolves.
The DAO ensures that every staked STON token carries a voice in decision-making. This allows over 5.6 million users to submit proposals, participate in discussions, and vote on future development. STON serves as the native governance and utility token for the protocol. By staking STON, users receive ARKENSTON, a non-transferable token that represents their voting power. The influence of a vote is directly proportional to the amount of STON staked and the duration of the commitment, thereby ensuring that decisions are guided by individuals most invested in the project's long-term success.
This launch represents a significant step towards complete decentralization and demonstrates how the TON DeFi ecosystem can foster responsible and transparent growth.
Community Readiness and Technological Preparedness
“For us, decentralization isn’t a slogan — it’s the point,” said Slavik Baranov, CEO of STON.fi Dev. “From the very beginning, STON.fi was built to serve the entire TON ecosystem — to be infrastructure everyone can rely on. The DAO makes that collaboration real. Now, the same people who use the protocol every day can guide where it goes next. Before going live, the community was invited to test the DAO for four weeks — and the response was strong. More than 115 proposals came in, from small UX tweaks to big-picture ideas. It showed the community is ready — and so is the tech.”
STON.fi's Dominance and Commitment to Decentralized Governance
STON.fi has established itself as the preeminent DeFi protocol within the TON ecosystem. It has processed over 29.8 million operations from 5.6 million wallets and facilitated more than $6.6 billion in total swap volume, accounting for the majority of DeFi activity on TON. As the first protocol in the ecosystem to implement a full DAO, STON.fi considers it its duty to set a high benchmark for decentralized governance.
Having already developed the liquidity infrastructure for TON DeFi through Omniston and the swapping mechanisms via the STON.fi dApp, the DAO now introduces the crucial steering system. This allows the community to direct future developments, transforming decentralization from a concept into a tangible model where liquidity providers, developers, and users share both ownership and accountability.
About STON.fi
STON.fi is the leading swap dApp and a comprehensive suite of swap-enabling protocols within The Open Network (TON) ecosystem. It is recognized for its substantial liquidity, extensive token support, and leadership in total value locked (TVL) and trading volume. With over $6.6 billion in total trading volume and more than 29.8 million operations since its inception, STON.fi forms the core of DeFi operations on TON. Supported by investors such as CoinFund, Ribbit Capital, Delphi Ventures, Karatage, The Open Platform, and TON Ventures, STON.fi continues to drive advancements in decentralized finance through open development, community governance, and innovations like Omniston, its decentralized liquidity aggregation protocol.