STON.fi Integrates Ethena’s USDe Synthetic Dollar for DeFi Users

Coin WorldFriday, May 30, 2025 8:16 am ET
2min read

STON.

, a leading decentralized finance (DeFi) platform on The Open Network (TON), has announced the integration of Ethena’s USDe, a synthetic dollar, into its decentralized application (dApp). This integration allows users to swap, stake, and provide liquidity for USDe directly through STON.fi, eliminating the need for bridges or third-party tools.

USDe, developed by Ethena Labs, is designed to offer sustainable, non-speculative reward opportunities. It is fully collateralized and backed by crypto assets such as ETH and liquid staking tokens, ensuring stability through Ethena’s delta-neutral strategy, which balances long and short positions.

The deployment of USDe on TON, a joint initiative by Ethena and TON Foundation, signifies a major advancement in DeFi adoption. With direct integration into wallets in Telegram and support across the TON ecosystem, this move aims to make synthetic dollars accessible to users globally. STON.fi facilitates this experience, enabling users to access USDe for swapping, staking, and providing liquidity without leaving the TON Network.

Slavik Baranov, CEO of STON.fi Dev, highlighted the growing interest among TON users in stable, transparent on-chain reward strategies. He noted that USDe introduces more than just a new on-chain asset; it integrates a reward-bearing asset that helps users manage their holdings without compromising control or flexibility. This development is seen as a significant step forward for DeFi on TON.

Through STON.fi, DeFi users can easily swap TON-based USD₮ for USDe in a few clicks. USDe can then be allocated between staking and liquidity provision, lowering the technical barriers for users seeking on-chain reward strategies within the TON ecosystem.

To encourage participation, Ethena is collaborating with STON.fi to create liquidity pools with USDe. Users staking or providing USDe liquidity through STON.fi may be eligible to automatically collect Ethena rewards, which could unlock bonus rewards at the end of the campaign, adding value for active participants.

The launch of USDe via STON.fi represents another milestone in strengthening DeFi on TON, bringing an innovative, reward-bearing synthetic dollar closer to everyday users and making DeFi more accessible, transparent, and rewarding.

STON.fi is the developer of the leading Automated Market Maker (AMM) protocol on TON, offering a secure, fast, and user-friendly way for swapping any TON-based token. Users have access to token swaps, yield farming, liquidity provision, and staking. With innovations like Omniston, a decentralized liquidity aggregation protocol, STON.fi continues to push the boundaries of DeFi.

Ethena, the protocol behind USDe, is one of the fastest-growing USD-denominated crypto assets. It has a significant total value locked (TVL) and a large user base, with integrations across major centralized exchanges and DeFi applications. Ethena Labs, a contributor to the protocol, is backed by prominent investors including Fidelity, Franklin Templeton, Dragonfly, Binance Labs, Bybit, and OKX.