Ston.fi
If you’re diving into the world of decentralized finance (DeFi) and exploring opportunities on STON.fi, there’s some big news you need to know. Starting this week, farming rewards for key pools like TON/USDT, tsTON/USDT, and stTON/USDT are being migrated from V1 pools to V2 pools. This shift is part of the TON Foundation’s push to optimize liquidity farming and improve yields for users.
What does this mean for you as a user? And how can you adjust to maximize your rewards? Let’s break it down step by step so it’s easy to follow, whether you’re new to STON.fi or a seasoned liquidity provider.
What’s Happening with the Pools?
In simple terms, the TON Foundation is transitioning farming rewards from the older V1 liquidity pools to newly established V2 pools. The migration is phased, so you don’t need to rush, but staying proactive will help you get the most out of your investments. Here’s the timeline:
Week 1 (Starting Nov 18, 13:00 UTC): 50% of farming rewards will be allocated to V2 pools, with the remaining 50% still available in V1 pools.
Week 2 (Starting Nov 25, 13:00 UTC): 100% of the rewards will shift to V2 pools. V1 pools will no longer generate rewards after this date.
For liquidity providers, this means you’ll need to move your assets from V1 to V2 pools to continue earning rewards.
Why Is This Migration Important?
If you’re farming on STON.fi, your earnings come from staking liquidity provider (LP) tokens in farming pools. With the migration to V2 pools, all the rewards will soon reside there. Staying in the V1 pools beyond the migration period means you’ll stop earning, while others in V2 pools will continue to rake in the benefits.
Key takeaway: To keep earning rewards—and possibly earn more due to optimized pool mechanics—you’ll need to transition your LP tokens to the new V2 pools.
What Pools Are Affected?
Three main pools are part of this migration:
TON/USDT
tsTON/USDT
stTON/USDT
For each pair, the migration path is straightforward. Here’s how it looks:
TON/USDT V1 → TON/USDT V2
tsTON/USDT V1 → tsTON/USDT V2
stTON/USDT V1 → stTON/USDT V2
You’ll need to withdraw your liquidity from the V1 pools and deposit it into the corresponding V2 pools. Don’t worry—this process is easier than it sounds, and I’ll explain how to do it shortly.
How to Migrate Your Liquidity Step by Step
If you’ve never moved liquidity between pools before, here’s a simple guide to get you started:
1. Withdraw Liquidity from V1 Pools
Navigate to the V1 pool where your LP tokens are staked.
Unstake your LP tokens if they’re staked in farming.
Withdraw your liquidity from the pool.
2. Add Liquidity to V2 Pools
Head over to the V2 pool section on STON.fi.
Provide liquidity for the same pair (e.g., TON/USDT) by depositing your assets. This will generate new V2 LP tokens.
3. Stake Your V2 LP Tokens
Go to the Pools tab and select the relevant V2 pool.
Stake your newly issued V2 LP tokens to start farming rewards immediately.
Check out STON.fi guide on Liquidity ➡️https://guide.ston.fi/en/how-to-provide-liquidity-on-ston.fi
Benefits of Migrating to V2 Pools
You might be wondering, Why make the switch? Beyond simply maintaining your rewards, the new V2 pools offer several potential benefits:
Optimized Reward Distribution: The TON Foundation aims to enhance yield opportunities through the updated pool mechanics.
Future Incentives: V2 pools will likely be the focus for upcoming campaigns and rewards.
Staying Ahead: Migrating early ensures you’re farming in the most lucrative and active pools.
By making the move, you’re positioning yourself for better returns and long-term growth.
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What Happens if You Don’t Migrate?
If you decide not to migrate, your LP tokens will remain in the V1 pools. However, starting November 25, these pools will no longer offer rewards. Essentially, you’d be leaving money on the table while others continue to earn in the V2 pools.
A Few Tips for New Users
If you’re new to STON.fi, here are a few things to keep in mind during the migration process:
Understand LP Tokens: When you provide liquidity, you receive LP tokens in return. These represent your share of the pool and are required for staking in farming pools.
Start Small: If you’re trying this for the first time, start with a smaller amount to get comfortable with the process.
Use the Resources: STON.fi offers guides and a support community (via Discord and Telegram) to help you navigate the platform.
Check them out here⬇️
🔗https://discord.gg/bdmaGV6qUw 🔗
The migration to V2 pools on STON.fi is more than just a technical update—it’s an opportunity for liquidity providers to enhance their farming strategy. By making the move, you’re not only ensuring continuous rewards but also aligning with the TON Foundation’s vision for a more efficient DeFi ecosystem.
Don’t wait until the last minute to migrate. Start exploring the V2 pools today, and position yourself for higher yields in the weeks to come. The DeFi world moves fast, and staying informed and proactive is the key to success.
Ready to make the switch? Head to STON.fi and start your migration now!
Unlocking More Rewards: A Beginner’s Guide to the STON.fi Farming Rewards Migration was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.