Aniket Pujari
[PRESS RELEASE – Road Town, British Virgin Islands, December 2nd, 2025]
The DAO of STON.fi, the leading swap dApp and foundational DeFi protocol on The Open Network (TON), is being brought live as the first full decentralized autonomous organization within the TON ecosystem, giving users direct control over how the protocol evolves.
The DAO makes every staked STON token a voice in decision-making, allowing more than 5.6 million users to submit proposals, take part in discussions, and vote on what should be built next. STON is the native governance and utility token of the protocol. When users stake STON, they receive ARKENSTON, a non-transferable token representing voting power. The more STON staked and the longer the commitment, the stronger the voting influence — ensuring that decisions are driven by those most interested in the project’s long-term success.
It’s a practical step toward full decentralization — and a statement about how the TON DeFi ecosystem can grow responsibly and transparently.
“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 grown into the largest DeFi protocol within TON ecosystem, processing over 29.8 million operations from 5.6 million wallets and more than $6.6 billion in total swap volume, representing the majority of DeFi activity on TON. As the first protocol in the ecosystem to launch a full DAO, STON.fi sees it as its responsibility to set high standards for decentralized governance. Having already built the liquidity rails of TON DeFi through Omniston and the swapping infrastructure with the STON.fi dApp, the DAO now adds the steering system that lets the community guide what comes next — turning decentralization from an idea into a working model where liquidity providers, developers, and users share both ownership and responsibility.
For more information about STON.fi’s DAO, users can visit https://dao.ston.fi/.
About STON.fi
STON.fi is the leading swap dApp and a suite of swap-enabling protocols within The Open Network (TON) ecosystem, known for its deep liquidity, wide token coverage, and dominance 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 inception, STON.fi powers the backbone of DeFi on TON. Backed by investors including CoinFund, Ribbit Capital, Delphi Ventures, Karatage, The Open Platform, and TON Ventures, STON.fi continues to advance decentralized finance through open development, community governance, and innovations such as Omniston, its decentralized liquidity aggregation protocol.
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