TON’s first DAO governance arrives on STON.fi

STON.fi, the leading swap dApp and a foundational DeFi protocol on The Open Network (TON), has unveiled the first fully on-chain decentralized autonomous organization (DAO) governance within the TON ecosystem — giving users direct control over how the protocol evolves.

Any contributor receives voting power for each STON token they stake, allowing the community members to submit proposals, take part in discussions and choose what should be built next. The more a user stakes, the more voting power they have — so decisions are driven by the people most committed to the project’s success.

By launching a transparent community governance, STON.fi has set an example for how TON Blockchain can be leveraged for responsible, transparent growth.

“For us, decentralization isn’t a slogan — it’s the point,” said Slavik Baranov, CEO of STON.fi Dev. “From the very beginning, STON.fi was built to serve the entire TON ecosystem — to be infrastructure everyone can rely on. The DAO makes that collaboration real. Now, the same people who use the protocol every day can guide where it goes next.”

STON.fi is the largest DeFi protocol within the TON ecosystem and represents the majority of DeFi on TON —, having processed over 30 million operations from 5.6 million wallets and more than $6.6 billion in total swap volume. STON.fi is a portfolio project of The Open Platform (TOP) and backed by investors such as CoinFund, Ribbit Capital, Delphi Ventures, Karatage and TON Ventures.