Protocol fee conversion ledger

At a glance

How a fee becomes STON and GEMSTON

1. 1
   A user swaps on STON.fi

   A small portion of the trade is collected as a protocol fee. This is automatic and happens on every swap.

2. 2
   Fees accumulate at the conversion wallets

   Protocol fees are routed to two on-chain wallets — one designated for STON conversions, the other for GEMSTON.

3. 3
   The wallets swap fees on the open market

   When a threshold is reached, the wallets execute swaps on STON.fi to acquire STON and GEMSTON at the prevailing market price.

4. 4
   The conversion wallets receive the acquired tokens

   STON and GEMSTON acquired by the swaps are received by the same conversion wallets and become part of the on-chain ledger shown on this page.

5. 5
   Acquired tokens are forwarded to the treasury wallet

   Acquired tokens are forwarded to a separate treasury wallet designated for the STON.fi DAO community in accordance with the DAO-approved proposal. Ston Foundation supports transparency around the implementation of the proposal by collecting and publishing relevant on-chain information. Any further transfer, allocation, or use of the acquired tokens is subject to STON.fi DAO community decisions.

Common questions

• Where do these fees come from?
  From swaps on STON.fi. A small protocol fee is collected on each swap. A share of that fee — initially capped at 50%, initially in TON and USDT — is used to acquire STON and GEMSTON for the treasury, as accepted by the STON.fi DAO community.
• Who decides what happens to the acquired tokens?
  The STON.fi DAO community. Acquired STON and GEMSTON are forwarded to the treasury wallet shown on this page, which is designated for the STON.fi DAO community in accordance with the DAO-approved proposal. Any further transfer, allocation, or use of the acquired tokens is subject to a separate DAO community decision and the rules described in the STON.fi whitepaper.
• What is Ston Foundation's role?
  Ston Foundation publishes this page and supports transparency around the implementation of the DAO-approved proposal by collecting relevant on-chain information and making it available to the STON.fi DAO community. Ston Foundation does not own or control STON.fi smart contracts, does not provide custody services, does not engage in market-making or price support, and does not direct the timing of conversions in response to price. Any further transfer, allocation, or use of the acquired tokens is subject to the applicable STON.fi DAO governance process.
• How often does the page update?
  New conversions appear on the live feed within roughly 20 seconds of being confirmed on chain. Headline numbers and wallet balances are refreshed on the same cadence.
• Where can I verify the data?
  Every figure on this page is sourced from on-chain events. The wallet addresses link directly to Tonviewer, where the full transaction history can be reviewed independently.
• Is this a price prediction or a promise of future swaps?
  No. The page records past events. It is not a forecast, a commitment, or a guarantee of any future activity. Future conversions and treasury actions are subject to DAO community decisions and the conditions described in the proposal.