Catenaa, Friday, December 05, 2025- STON.fi, a leading DeFi protocol on The Open Network (TON), has launched the first fully decentralized autonomous organization (DAO) within the ecosystem, giving users direct control over protocol governance.

The DAO allows over 5.6 million STON token holders to submit proposals, participate in discussions, and vote on protocol changes.

Users who stake STON receive ARKENSTON, a non-transferable token representing voting power.

Longer and larger stakes confer stronger influence, aligning decision-making with committed participants.

STON.fi CEO Slavik Baranov said the initiative is a practical step toward decentralization, allowing the community to shape the protocol’s future. Prior to the launch, the DAO underwent a four-week test period, receiving more than 115 proposals ranging from user interface improvements to broader strategic ideas.

The protocol has grown to become TON’s largest DeFi platform, processing over 29.8 million operations across 5.6 million wallets and more than $6.6 billion in total swap volume.

The DAO adds a governance layer to the protocol’s existing infrastructure, which includes the Omniston liquidity system and the STON.fi swapping dApp.