DeFi guide: DEX, lending, yield farming, profit strategies
How swaps and liquidity pools work in TON DeFi, with checks to complete before connecting a wallet or depositing funds.
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Most of what a DeFi interface shows you is marketing. Projected APY is extrapolated from a good week, a headline TVL means little on its own, and neither says what your position will be worth when you close it. Reading those numbers is the skill.
The subject here is DeFi on TON, where practice is cheap: a transaction costs $0.03–0.15 and settles in three to five seconds, so a mistake costs cents rather than what it would on Ethereum. Liquidity sits mostly in two exchanges, DeDust and STON.fi. DeDust lists more pools and gives liquidity providers a larger share of the swap fee; STON.fi runs an impermanent-loss compensation program and usually prices the main pairs better. Liquid staking through Tonstakers and Bemo pays roughly 5% a year and leaves the funds usable.
The material assumes a wallet and one transaction behind you. It covers where liquidity-provider income comes from, how to calculate impermanent loss before committing capital, when plain staking beats a liquid-staking token, what to check in a protocol before connecting a wallet, and which yield promises mark a scam.
Yield in DeFi is payment for risk: a pool position can shrink with no exploit involved, on price movement alone — size it accordingly.