1. Introduction

This document presents an independent audit of the tokenomics of the Ston ecosystem and its native token STON. The objective of this audit is to provide an impartial assessment of the project’s economic model, its sustainability, and resilience, as well as the quality of token allocation and utilization. It also evaluates how closely the actual dynamics of supply and demand, along with incentive mechanisms, align with the declared objectives of the protocol and the interests of the community.

Ston positions itself as a decentralized protocol aiming to provide a broad range of DeFi services, including lending, staking, and yield farming opportunities. Its mission is to build a transparent, community-governed ecosystem where the token plays a central role in securing the protocol, rewarding contributors, and enabling governance decisions.

The Ston ecosystem consists of the following key elements:

• Core protocol — the foundation providing the main DeFi services (lending, borrowing, liquidity provision);

• Governance system — DAO governance with the right to vote on protocol upgrades, distribution of ecosystem incentives, and strategic development;

• Incentive mechanisms — staking and farming programs to attract and retain liquidity, rewarding active participants;

• Infrastructure layer — SDKs, bridges, and integration tools to support developers and expand the adoption of the ecosystem;

• Community fund — a pool of tokens allocated to incentivize ecosystem growth, partnerships, and developer initiatives.

The native token STON plays a central role in the ecosystem: it is designed for governance, staking, securing the network, incentivizing validators and liquidity providers, and ensuring alignment of incentives between all stakeholders.