STON.fi, a swap dApp on The Open Network, has launched the first full DAO in the TON ecosystem. The project, headquartered in the British Virgin Islands, aims to give users direct oversight of protocol development. STON.fi is a DeFi platform known for token swaps and liquidity tools.
The DAO allows every staked STON token to influence governance. More than 5.6 million users can propose changes, discuss updates, and vote on future features. STON is the platform’s governance and utility token, while ARKENSTON is a non-transferable voting token issued to those who stake STON for a chosen period.
The team views this as a step toward transparent, community-driven management. STON.fi has become the largest DeFi protocol on TON, processing nearly 30 million operations and over $6.6 billion in swap volume. The new DAO is expected to guide the next stage of development, giving liquidity providers, developers, and users a shared role in shaping the platform’s long-term direction.
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