STON.FI : it’s Mission, Principle and Benefits

STON.fi addresses the cross-chain swaps problem by introducing the Request for Quote

(RFQ)-based DeFi protocol with cross-chain swaps implemented via Hashed Timelock

Contracts (HTLC). Such a solution results in eliminating the need for second-layer solutions,
intermediaries, or third parties.

This approach minimizes user risk associated with security
breaches and significantly enhances the transaction speed.
In RFQ-based protocols, the traders express their intention to swap a specific amount of an
asset for another one by sending a Request for Quote (RFQ) to Professional Market Makers
(PMMs). PMMs respond to RFQ with signed Quotes, specifying swap rate and other conditions.
The best Quote is selected by the protocol according to predefined criteria and submitted to the trader.

HTLC-protocols (also known as “Atomic swaps”) allow to exchange crypto assets atomically, i.e.
either both parties receive the intended amount of assets or the exchange fails entirely. In the
event of misbehavior by any of the participants, the transaction is canceled, and all involved
parties receive a full refund of their assets.

➡️The HTLC based solution has the following main advantages:

● No additional trusted entities: service eliminates the need for protocol intermediaries or
trusted third parties, ensuring that the participants have full control and ownership of
their funds in used networks.

● No accidental permanent loss of funds: at any moment, the user funds are controlled

only by the user and are not blocked in any intermediary protocol.

● Guaranteed rates: the protocol offers guaranteed rates for transactions, ensuring

transparency and eliminating any surprises or unexpected fees. Users can confidently

calculate and predict the costs associated with their transactions in advance.

● Predictable transaction time (no KYC): by removing the need for Know Your Customer

(KYC) procedures, such a solution enables fast and predictable transaction times.

Additionally, transaction execution time is always predictable due to the HTLC protocol

used. Each transaction has a fixed execution time, depending on the specific blockchain

network.

● Simple user scenarios: user-friendly interface and streamlined processes make it easy
for users to navigate and engage with the platform.

➡️Mission

Our mission at STON.fi is to make it easy and fair for everyone to access financial services, no
matter where they live. We’re building a cross-blockchain decentralized platform that provides a
reliable and secure way to trade cryptocurrencies without the restrictions of banks or centralized
services. By offering a simple, user-friendly solution, we aim to help people around the world,
including those living in unbanked and underbanked regions, take control of their financial
future.

The first step towards achieving our mission is enabling people to seamlessly swap any crypto
asset for any other. We aim to provide a secure, reliable, swift, and cost-effective means of
conducting these cross-chain swaps. This capability forms the bedrock of our platform,
facilitating the fluid exchange of value across multiple blockchain ecosystems and laying the
foundation for a more inclusive financial landscape.

➡️Benefits

For end-users:

● Seamless cross-blockchain trading without bridging or wrapping.

● Full control over crypto assets during transactions.

● Integration with Telegram messenger for easy access and user-friendly experience.

For professional market makers:

● Access to diverse markets

● Additional liquidity access

● Arbitrage opportunities without the need to maintain open positions in corresponding

assets

● Reduced counterparty risks due to a trustless environment

● Increased trading opportunities profiting from spreads

For liquidity providers:

● Earn a share of exchange fees by providing liquidity.

● Additional yield through staking tokens and earning liquidity mining rewards.

For developers:

● Access to SDK and open-source code for easy integration.

● Leverage STON.fi DEX’s cross-blockchain capabilities in their own projects.

● Contribute to the development of a decentralized financial ecosystem.

● Potential for increased adoption and visibility of their projects.

● Opportunity to create liquidity pools for own tokens and earn trading commissions.

➡️Principles

● Zero-Trust protocol

No trust assumptions can be made on behalf of participants about the trustworthiness of assets,

blockchains and other participants of the protocol.

● Truly decentralized, DAO-governed

STON.fi will be operated under a DAO governance model, ensuring major decisions are made

by the community and empowering stakeholders to shape the protocol's future development.

● Catering to inexperienced users

While catering to both inexperienced and experienced users, we focus on democratizing access

to financial services for everyone, everywhere, in line with our mission.

● Developer-friendly and open-sourced when possible

We offer SDK and open-source code to enable developers to easily integrate our platform with

their products and services?

● Prioritizing reputable projects

Though we are decentralized and open to everyone, including those who want to list their own

tokens, we prioritize working with reputable projects to minimize financial risks for inexperienced

users. DAO will make decisions on selecting specific projects.

● Ecosystem impact

Our approach goes beyond developing our product; we also contribute to the growth of the TON

blockchain ecosystem and the broader DeFi landscape. We consider this impact while building

our product and devising our market and product strategy.

☑️Join us for more information👇

Website: ston.fi

Twitter: twitter.com/ston_fi

Blog: blog.ston.fi