Is it just me, or is the $TON ecosystem starting to feel like the only corner of the market that isn't sleeping right now? Between the Telegram integration and the massive liquidity incentives, we’re seeing some numbers on STON.fi that look like they're straight out of the 2021 DeFi summer.
But here’s the thing: high yield doesn't come without a story. I’ve been looking into the latest active farms—specifically TONG, FRT, and the STON/USD₮ pair—to see where the actual opportunity lies versus where the "yield trap" might be hiding. If you’re like me and you’re looking to put your TON to work rather than just letting it sit in a wallet, you need to understand the risk-to-reward ratio of what you’re clicking on.
1. TONG/TON —178% APR
TONG is essentially the "culture coin" of TON. It started as a memecoin (TONG means "pain" or "ouch"), but its community is remarkably resilient.
This is for the "diamond hands" who believe TONG has more room to run in the current memecoin supercycle. At this rate, your rewards can offset a decent amount of price fluctuation, but watch out for Impermanent Loss (IL) if one side pumps way harder than the other.
2. FRT/TON — 98% APR
ForTON (FRT) is carving out its niche as a decentralized ecosystem play within TON. It’s slightly more "utility-focused" than pure memecoins, aiming for sustainable community incentives.
Nearly 100% APR is that juicy deal for many farmers. It’s high enough to double your bag (theoretically) in a year, but the FRT price action tends to be a bit more structured than the pure moonshot tokens.
If you’re bullish on the broader TON dapp ecosystem, this feels like a solid "middle-ground" play. You’re earning high rewards while supporting the liquidity of a growing project.
3. STON/USD₮ —14% APR
This is the "blue chip" farm of the DEX. You’re pairing the platform’s native token (STON) against a stablecoin (USD₮).
I know you might feel 14% looks "low" compared to 178%, but in a bear or sideways market, this is a gold mine. Why? Because one side is pegged to the dollar. This significantly reduces your risk of total portfolio drawdown.
I use this for capital preservation. If the market gets shaky, I’d rather earn 14% on a pair where half my value is protected by USD₮ than chase 100%+ on tokens that might drop 50% in a week.
The TON blockchain is currently in a "liquidity attraction" phase. STONfi is using these high rewards to ensure that when the next 100 million Telegram users start swapping, the slippage is low.
Pro-Tips for New Farmers:
Gas is Cost Effective: One of the best things about TON is the low fees. You can actually harvest and re-stake (compound) your rewards frequently without losing half of it to gas.
Monitor the IL: High APRs are a hedge against price drops, but they aren't magic. Always use an IL calculator if you're entering the TONG farm.
The "STON" Advantage: Holding and farming STON itself usually gives you more skin in the game for the protocol's future DAO governance.
Explore Here: https://app.ston.fi/pools?selectedTab=ALL_POOLS&sortBy=popularity_index%3Adesc&search=&farmingAvailable=true
$BTC $ETH #STONfi #LiquidityPools #TON #DeFi #ActiveFarms
