what's Tonstakers?
Tonstakers is a liquid staking protocol built on the TON blockchain, enabling users to stake their Toncoin (TON) while maintaining liquidity. By depositing TON into the protocol, stakers receive tsTON tokens, which represent their staked assets and can be used in various DeFi applications without locking up funds for extended periods. This approach contrasts with traditional staking, where assets are illiquid during validation cycles, typically around 36 hours on TON. The protocol delegates staked TON to validators to secure the network, distributing rewards to tsTON holders proportionally. In addition to core liquid staking, Tonstakers supports token staking for select TON ecosystem projects, allowing users to earn rewards by holding specific tokens without liquidity provider complexities or impermanent loss risks. It integrates with major TON wallets and DeFi platforms, facilitating seamless participation. The protocol emphasizes community-driven growth, with features like airdrop farming partnerships and mini-app integrations to enhance user engagement and rewards within the TON ecosystem.
Binance Wallet launches TON staking with a $300,000 reward pool powered by Tonstakers, while Euler protocol integrates lending, borrowing, and staking via Telegram.
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Featured in TON 101 Episode 2 educational content as an example of liquid staking on TON, with a demonstration showing users staking TON and receiving tsTON tokens.
Staking now available on Ledger Live with multiple validator options and upcoming liquid staking features.
Euler protocol integrates with platform, enabling lending, borrowing, and staking functionality via Telegram.