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 brought to life as the first full decentralized autonomous organization within the TON ecosystem. This significant development 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 the protocol's more than 5.6 million users to submit proposals, actively participate in discussions, and vote on future developments. STON serves as the native governance and utility token of the protocol. Users who stake STON 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, a mechanism designed to ensure that decisions are guided by those with the strongest vested interest in the project's long-term success.
This initiative represents a practical stride towards complete decentralization and underscores the TON DeFi ecosystem's capacity for responsible and transparent growth.
A Community-Driven Vision for DeFi on TON
“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 has established itself as the largest 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 pioneering protocol in the ecosystem to launch a comprehensive DAO, STON.fi considers it a responsibility to set a high benchmark for decentralized governance. Having already established the liquidity rails of TON DeFi through Omniston and the swapping infrastructure with the STON.fi dApp, the DAO now introduces the steering mechanism that empowers the community to direct future advancements. This transforms decentralization from a theoretical concept into a functional model where liquidity providers, developers, and users share both ownership and responsibility.
For additional information regarding STON.fi’s DAO, users are encouraged to visit https://dao.ston.fi/.
About STON.fi
STON.fi stands as the premier swap dApp and a suite of swap-enabling protocols within The Open Network (TON) ecosystem. It is recognized for its substantial liquidity, extensive token coverage, and leadership in both total value locked (TVL) and trading volume. With a cumulative trading volume exceeding $6.6 billion and over 29.8 million operations since its inception, STON.fi serves as the foundational infrastructure for DeFi on TON. The protocol is supported by a roster of investors including CoinFund, Ribbit Capital, Delphi Ventures, Karatage, The Open Platform, and TON Ventures. STON.fi remains committed to advancing decentralized finance through open development, community governance, and innovative solutions like Omniston, its decentralized liquidity aggregation protocol.
Contact Information
Head of Communications: Ekaterina
Email: press@ston.fi