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Your daily dose of TON news. _________________________ Contact us: @thedailytonbot Twitter: twitter.com/the_daily_ton
✈️ How can TON attract Telegram users to DeFi?
⚫️ We’re continuing to share interesting insights from the Web3 Festival. The event featured live panel discussions, and Vlad Degen hosted a discussion on DeFi with three representatives from different projects: Vitaliy Kitaev (DeDust.io), Alan (Torch Finance), and Vlad @sepezho (EVAA Protocol). The first question was: “What can attract mass audience to TON DeFi?”
⚫️ We believe this is a crucial question for the future of TON. Thanks to Telegram, the blockchain has access to a billion-strong audience. While many were ready to “tap” in T2E games, using DeFi is a whole different level of engagement. Projects need users, and users could benefit from the projects — but how do we connect the two? There’s probably no “magic button,” but it’s worth hearing the opinions of those in the space. Here’s a summary of what was shared (not direct quotes, but our retelling):
⚫️ Vitaliy (DeDust):
1. We need more apps that provide real value to users (e.g., yield-generating tools).
2. Telegram should make it easier for users to discover new apps — ideally, with discovery tools built directly into the main menu.
3. Incentive programs can help — users may first come for the rewards but stay once they realize the practical value of DeFi.
⚫️ Alan (Torch Finance):
1. Seamless on-ramp and off-ramp mechanisms are essential so users can easily buy and sell Toncoin.
2. User interfaces must be intuitive. One of Alan’s friends, an expert in traditional finance, couldn’t understand the EVAA interface.
3. Yield is key. If yields in TON are lower than in other networks, holding savings there will seem like a missed opportunity.
⚫️ Vlad (EVAA):
People fundamentally want three things from crypto:
1. To store value
2. To transfer value
3. To multiply value
We need to make this convenient and low-risk. For example, allowing users to stake USDT with one click to earn passive income without worrying about price volatility. The integration of EVAA into Wallet is a good example — users can start with one simple button, then gradually explore more advanced DeFi features.
🖊 Disagree with these takes or have your own ideas on how to attract users? Share your thoughts in the comments — we’d love to hear them!
🔥 Will Pavel Durov Speak at TOKEN2049 Again?
⚫️ TOKEN2049 is set to take place in Dubai from April 30 to May 1. The event’s official website already features the full list of invited speakers, a detailed agenda, and ticket options ranging from $999 to $4,999.
⚫️ One thing that stands out right away is the heavy use of Pavel Durov’s photos — they’re placed on the homepage, on the banners of the «Speakers» and «Agenda» sections, and even on the «Become a speaker» button. It’s clear the organizers really consider Pavel as the main guest of last year’s TOKEN2049.
⚫️ But there’s another intriguing detail: a panel titled «Scaling Crypto to a Billion Users» is scheduled for April 30 at 2:00 PM on the main stage — and oddly enough, no speakers are listed for this session, even though nearly every other agenda item includes speaker names.
Interesting — which platform with a billion-user audience could possibly help scale cryptocurrency adoption?
⚫️ While the world’s top minds search for that answer, let’s not forget that exactly one year ago at TOKEN2049, Pavel Durov announced the launch of USDt on TON. Will the ongoing legal case surrounding Telegram prevent him from attending this year’s event? We’ll find out soon enough.
🖊 In any case, so far there’s been no official confirmation that Pavel has returned to France.
@thedailyton
🚀 What is Ethena?
⚫️ The Ethena project is planning to expand into the TON ecosystem, and its name is being mentioned more and more within the community. At the recent Web3 Festival, Alyona Shmalko noted that Ethena could benefit DeFi on TON, and in the Headliners podcast, Vlad Kamyshov (EVAA) cited Ethena as an example of a missing piece in the ecosystem. So, what exactly is this project?
⚫️ At its core is the stablecoin USDe, which differs from traditional stablecoins in regard of backing model and yield opportunities. For context, stablecoins like USDT maintain their value through reserves of other assets held in banks. While this is convenient, it ties them to the traditional banking system. To move away from that, many aim to back stablecoins with cryptocurrencies instead. However, crypto’s volatility poses a challenge: the dollar value of such collateral constantly fluctuates.
⚫️ USDe addresses this by using a hedging strategy: if you hold a cryptocurrency and simultaneously short it, you can offset the volatility. When the asset’s price falls, you lose money from holding it—but you gain from the short position. This allows you to “stay in place” and maintain stable collateral for the stablecoin.
⚫️ On top of that, the strategy can generate profit. Crypto holdings can earn yield through staking, and short positions can be profitable in a bull market, when most traders are going long. Thanks to this setup, Ethena users can earn returns on their savings—sometimes over 10% annually. That’s why USDe is often called a “yield-bearing stablecoin”: the idea is for your savings not just to sit in a stablecoin (and slowly lose value due to inflation), but to actively work for you.
⚫️ USDe was only introduced last year, so its performance across different market conditions is still untested. It also comes with some risks—for example, its funds are managed in a centralized way. However, the market is already showing confidence: USDe has entered the top 5 stablecoins by market cap.
⚫️ Ethena originally launched on Ethereum, later expanded to Solana, and in 2025, two key updates emerged about TON. First, a press release on the LayerZero integration mentioned that Ethena would bring USDe to TON. Second, Ethena’s 2025 roadmap includes a goal titled “A product for a billion people,” which introduces a Telegram mini-app. The user experience is expected to resemble that of a neobank, allowing everyday users to access “interest-earning dollars.”
👁 So, we’ll be watching closely to see how things unfold. Stay tuned.
@thedailyton
🐤 How the Tolk and Tact languages are “moving toward each other”
⚫️ Last week, version 0.11 of the Tolk programming language—created for TON—was released. At first glance, this might seem like a niche update relevant only to Tolk developers. “Type aliases? What’s that, and why should I care if I’m not a programmer?” But if you take a closer look, an interesting process is unfolding—one that could be significant for the future of TON.
⚫️ As we’ve previously explained, smart contracts on TON can be written in two programming languages: Tact and FunC/Tolk (Tolk is the “next generation” of FunC). FunC has been considered “powerful but complex,” and that complexity has discouraged some developers from working with TON. Tact, on the other hand, is simpler—it handles certain tasks like serialization automatically—but this convenience came at the cost of higher blockchain fees, which was also a deterrent. So, each language had its strengths, but also key drawbacks that slowed down the growth of the ecosystem.
⚫️ In March, we wrote about a new version of Tact that aimed to reduce fees. And now, the latest version of Tolk lays the groundwork for making development faster and easier. Nick Nekilov, the creator of DeDust.io, commented on the Tolk update:
This is a necessary step toward auto-serializing structures (so developers won’t need to manually serialize and maintain everything). That will significantly speed up the smart contract development process.
⭐️ What will the Payment Network look like for users?
⚫️ Recently, several Telegram channels reported that the Payment Network technology (designed for ultra-fast and ultra-cheap transactions) has entered its beta stage. This isn’t entirely accurate. The term “beta version” has been used by TON Core before—so in that sense, there’s nothing particularly new. The real news lies elsewhere. First, this beta version now supports Jettons and extra currencies, which we’ve already mentioned.
⚫️ Second, TON Core has published a detailed post explaining the technology. It starts by addressing “What is it,” which doesn’t hold any big surprises—we published a similar explainer back in January. What’s more interesting is the next part of the post: “How does it work,” which clarifies what users can expect.
⚫️ According to the post, here’s what the user experience will look like:
• A user connects a wallet once to a node or multiple nodes in the Payment Network.
• The user makes a deposit of their funds (Toncoin, Jettons, Extra-currencies) from the TON Blockchain to the Payment Network.
• The user can then make as many instant transactions with microcommissions with Payment Network participants as they want.
• The user can transfer assets to other users in the Payment Network, even if they are connected to other nodes.
• The user can withdraw their funds or a portion of their funds back into the TON Blockchain at any time, or vice versa to replenish their balance in the Payment Network.
• Traffic within the Payment Network is protected by garlic routing encryption.
• Intermediate nodes in the Payment Network receive a small micro-commission for each transaction processed.
💡 So, here’s the takeaway: TON will have ultra-fast and ultra-cheap transactions. However, they won’t be part of the regular transaction flow where you simply send funds from your wallet. Instead, you’ll need to think ahead and decide, “How much should I deposit into the Payment Network?” This makes sense when you remember that the underlying concept is: “First, people deposit funds, and then the system tracks who transfers how much to whom.”
@thedailyton
⭐️ Competition in the Mini App space: What about Korean messenger KakaoTalk?
🖊 Today, the official channel of the Apps Center catalog published a text interview with the team behind South Korea’s largest messenger — KakaoTalk. You can read the full interview via the link, but here we’ve picked out the most interesting highlights for you.
⚫️ About Mini Apps in KakaoTalk:
The messenger enjoys massive popularity in South Korea, becoming a true super app where users can shop, order taxis, and make payments. However, Mini Apps in Kakao aren’t like Telegram bots — they are mostly integrated through the Kakao Games gaming platform.
⚫️ About Telegram’s popularity in South Korea:
It might come as a surprise, but for many in South Korea, Telegram still carries negative associations tied to privacy-related criminal incidents, so it’s not widely adopted among regular users. However, among crypto enthusiasts, 99% rely on Telegram for the latest updates.
⚫️ About crypto payments in KakaoTalk:
While Telegram opted out of direct TON integration in favor of Telegram Stars to comply with App Store and Google Play guidelines, KakaoTalk didn’t even experiment in this direction. The messenger is focused on everyday functionalities and doesn’t support crypto payments in any form.
⚫️ About monetization methods:
Everything revolves around the native Kakao Games ecosystem, where developers earn by integrating their projects with the messenger’s social features and audience. KakaoTalk doesn’t yet have an open platform for all types of projects like Telegram Mini Apps.
⚫️ About the future of Mini Apps:
The KakaoTalk team believes more and more messengers will integrate apps, especially in the context of Web3 technologies. It all depends on how quickly users adapt to the new experience.
💡 At The Daily TON, we previously put together a roundup of Asian projects on TON. We highly recommend checking it out if you want to explore a new side of our ecosystem.
@thedailyton
✔️ Two-factor authentication in Tonkeeper Pro: Personal experience
⚫️ Last week, the Tonkeeper team introduced 2FA for TON wallets. Naturally, our editorial team had a few questions about how this new feature works, so as part of our #personalexperience series, we decided to test it ourselves to see how convenient and secure it really is.
⚫️ Quick reminder: 2FA isn’t available yet in the mobile app, so we headed over to the Tonkeeper Pro page and installed the desktop version (no need to buy a subscription). Next, we created a new w5 address, sent a few TON for testing, and jumped into the Wallet settings to enable the long-awaited 2FA.
When activating two-factor authentication, the app will remind you of a few important points:
1. 2FA can't recover your secret phrase.
2. The same wallet will stop working on your other devices.
3. 0.15 TON is required to install or uninstall 2FA.
4. Battery mode and gasless transactions are not compatible with 2FA.
⌨️ The Weekly TON: Highlights of the week
🔥 The TON Core team has added support for Jettons and Extra-currencies in the beta version of TON Payment Network — a Layer 2 solution for TON, similar to Bitcoin's Lightning Network. We covered this technology in detail in a separate post.
⚫️ We explained how ChatPay works — the in-chat payment feature from the CeDeFi wallet Fintopio — and analyzed how the Telegram Mini App ecosystem is helping bring mass adoption closer.
⚫️ MyTonWallet released version 3.5. Which long-awaited feature finally made it to the app, and which new integration got Anatoliy Makosov and Toncenter API to highlight the update on their pages?
⚫️ TON Core developers introduced the Pending API. We break down what this solution is for, whether it’s related to blockchain optimization, and how it can improve the user experience when sending transactions.
⚫️ Tonkeeper Pro added two-factor authentication. We explain how it differs from the Signer app, how to activate it for your wallet, and what the future might hold for this feature.
⚫️ With scams around buying Telegram Stars on the rise, we’ve published a guide that will help you evaluate the crypto project and minimize your chances of falling victim to fraud.
⚫️ While panic grips the market, we decided to take a different perspective and tell you about some options to grow your portfolio by taking advantage of the dip.
⚫️ How did the DeDust.io dashboard contest from TON Data HUB go? We analyzed the finalists' entries, broke down common mistakes, and prepare you to win the next competition!
@thedailyton
🏆 Results of the DeDust.io dashboard contest: How were the entries judged?
⚫️ A week ago, the winners of the TON Data HUB contest were announced, where analysts competed for a $6,000 prize pool by creating detailed dashboards based on data from the decentralized exchange DeDust.io.
⚫️ Over this time, we’ve analyzed the finalists' work, studied the evaluation criteria, and are finally ready to tell you: what does a «dream dashboard» look like — the kind that’s guaranteed to win the next TON Data HUB contest (by the way, it’s already underway).
⚫️ First off, get ready for tough competition: the number of submissions exceeded all expectations. DeDust.io ended up with 41 dashboards, and participants included not only advanced TON users but also professional crypto analysts with dozens of Dune projects under their belts.
⚫️ There were so many strong entries that the DeDust.io team first added an extra task about the liquidity aggregator and then expanded the prize pool altogether, awarding not just the top 3, but the top 10 winners. $3,000 for first place, $2,000 for second, $1,000 for third, and $100 each for the remaining seven finalists.
Here’s the final list:
1st place: https://dune.com/tubaecci/dedust
2nd place: https://dune.com/msu/dedust
3rd place: https://dune.com/vaitar/dedust
4th-10th places:
https://dune.com/caranell/caranell-dedust-dashboard
https://dune.com/chrisonchain/dedust-dex
https://dune.com/ethanweb1ton/dedust/ac7893ef-ccca-45e3-8eba-66726c9989da
https://dune.com/zerosky/dedust
https://dune.com/rdkv/dedust-analitics-hub
https://dune.com/hack_wizards/hack-wizard-dedust/22204c18-0988-4b9b-a9f8-fc2a25bad9bc
https://dune.com/rdmcd/dedust
🍌 How to assess projects and avoid scammers?
⚫️ A new fraud case has caused a stir in the TON ecosystem. On a website where users can sell various digital goods (mainly in-game items), a seller listed Telegram Stars at an unusually low price. Many buyers were eager to save money and placed numerous orders. However, the seller later refunded the Stars back to Telegram, leaving buyers empty-handed.
⚫️ This situation raised red flags even before the purchase. Why would someone sell Stars for less than what they paid Telegram for them? What is known about this seller and their intentions? Can an obscure gaming marketplace, barely recognized in the TON ecosystem, be trusted? These are the kinds of questions you should always ask when you come across a deal that seems “too good to be true.”
⚫️ Buyers could have protected themselves by purchasing Stars at the standard price through a trusted platform like Fragment. This is an official Telegram-affiliated resource, where the likelihood of such fraud is extremely low.
⚫️ However, some cases are more complex. For example, in the TON ecosystem, there is a service called split.tg that allows users to buy Stars without going through KYC verification on Fragment. If this service is unofficial, can it be trusted with your money? We’re not here to promote or discourage the use of this particular service. Instead, let’s use it as an example to explore how to evaluate risks in such situations.
⚫️Several factors can help assess its credibility:
• First, split.tg has a clear business model: it resells Stars without KYC at a small markup. This means it doesn’t fall into the “too good to be true” category.
• Second, it has been around for quite some time. If it were a scam, signs of fraud would likely have surfaced by now.
• Third, both the service and its creator have an established reputation within the TON ecosystem, unlike an unknown seller.
In such cases, fraud would simply be unprofitable. If a service is generating revenue, why would its owner ruin its reputation and scare away customers for a one-time scam?
💡 However, these factors are not absolute guarantees. Even a reputable project could theoretically “rug pull” one day—say, after a change in ownership. In other words, even with these factors, the system is not entirely “trustless,” and risks never reach zero. They only become low enough that many in the TON ecosystem consider them negligible. Ultimately, it’s up to you to decide where to draw the line between “acceptable risk” and “too risky.”
@thedailyton
👁 How will the introduction of the Pending API affect users?
⚫️ In the Toncenter API channel, TON project developers were introduced to the Pending API—a way to access information about ongoing, unfinished transactions. Here’s what this means, not from a developer’s perspective, but from an everyday user’s point of view.
⚫️ Typically, explorers, wallets, and other TON services display only completed transactions. The Pending API, however, enables these services to show details about transactions that are still in progress. For example, token swaps on a DEX involve a complex sequence of transactions. The Pending API can recognize this sequence from the very first transaction, predict the upcoming steps, and display the current progress in real time.
⚫️ Why is this important? Imagine you’re swapping tokens on a DEX, but the process takes longer than expected. One token has already been deducted from your balance, but the other hasn’t arrived yet, and you have no visibility into what’s happening. You might start to worry: Will it go through? Why is there no information? Is the blockchain stuck? This uncertainty leads to a poor user experience.
⚫️ But if you can see that the operation is actively progressing, even if it’s slower than expected, the process feels safer, clearer, and faster. The actual transaction time remains the same, but having visibility into its progress reduces the perception of delays. This way, even if the blockchain operates at its usual speed, it feels faster from a user’s perspective.
⚫️ The TON Core team had previously mentioned the Pending API in the TON optimization plans. These plans also included the concept of Optimistic UX—an approach where users see the anticipated results of actions before they are fully completed. The idea aligns well: the blockchain’s actual speed doesn’t change, but thanks to better interface design, users perceive it as faster.
💡 The Pending API is already being used in the tonscan.org explorer. If you open your wallet’s address page there and initiate a transaction (such as a DEX swap), you’ll quickly see it appear with a pending status.
@thedailyton
⌨️ The Weekly TON: Highlights of the week
🔥 The legendary Telegram Gift collection Homemade Cake is officially sold out! Out of 500K items priced at 500 Stars each, over 300K gifts have been burned. Floor price on Tonnel Gift Marketplace: 1.3 TON.
⚫️ How do Twitter posts and celebrity statements affect crypto prices? We break it down using examples from Pavel Durov, Elon Musk, Donald Trump, and other well-known figures.
⚫️ Where can liquidations happen, and what should you do to protect your funds? We explain it in simple terms in the recent post from our howtoton series.
⚫️ Will the new Mine-to-Earn app nanocell learn from the mitakes of it competitors and not disappoint users? Our detailed review weighs all the pros and cons.
📒 Want to join TON Data HUB contests? Especially for our readers, we’ve put together a list of the most useful analytics servises for working with TON Blockchain.
⚫️ What’s the concept behind Storm Trade’s new project? How much does it cost and what challenges must you complete to trade using someone else’s capital? Learn more about the first prop-trading on TON — here.
⚫️ The third post in our howtoton series dives into TON addresses: Why might your wallet have several formats? What’s the difference between EQ and UQ addresses? And what is a checksum?
⚫️ Everyone loves airdrops and contest rewards — but how many people know what a snapshot is? In the fourth howtoton post, we explain why someone might need to «photograph» the blockchain.
This was our most packed week yet in the educational #howtoton series!
@thedailyton
⭐️ What are snapshots?
⚫️ Recently, DeDust.io founder Nick Nekilov posted an image featuring a large camera. For long-time TON users, this seems like a hint at a snapshot, but newcomers might find it confusing. The #howtoton section explains not just this specific case but also the broader concept—what are we even talking about?
⚫️ In a blockchain, things are constantly changing: users send transactions, and wallet balances fluctuate. Taking a “snapshot” means capturing the state of the blockchain at a specific moment in time. Like a photograph, this allows to look back and verify what any given account’s status was at that precise moment.
⚫️ Snapshots are used for various purposes. A common example is airdrops or determining contest results. For instance, when the TON Foundation runs the “Open League” season, participants receive rewards for their actions. To accurately determine the results, a snapshot is taken at the end of the season and analyzed. Simply checking the blockchain in real time wouldn’t work because transactions continue even after the competition ends.
⚫️ Another case is hard forks. Sometimes, part of a blockchain community decides to implement radical changes and creates an “alternative version” of the blockchain. This has happened with Bitcoin and Ethereum. To launch a fork, a snapshot is taken—saving all balance data at a specific point in time so that it can be transferred to the new blockchain.
⚫️ So, when the creator of a popular service posts an image of a camera without explanation, it might hint at a snapshot. Since it’s unlikely that a single service is planning to fork the entire blockchain, the most obvious interpretation is an airdrop. That’s why some users see such a post as a signal: “We took a snapshot, reviewed the data, and may reward certain users based on specific criteria.”
💡 However, there’s no guarantee that this interpretation is correct. After all, no one is stopping someone from posting a picture of a camera just for fun—or to create intrigue. So, the audience is left guessing and staying intrigued.
@thedailyton
📈 What is prop trading and why is everyone talking about it today?
⚫️ The Storm Trade team is getting ready to launch a new project — an AI-optimized prop trading platform called Upscale. In simple terms, prop (proprietary) trading allows users to trade with leverage and access large capital without making major deposits — the company provides the funds.
⚫️ Although trading on the platform hasn’t launched yet (they’re aiming for April), many Telegram channels are already talking about Upscale — mainly due to its five-level referral program, currently available only to those who entered a special invite code for influencers.
⚫️ Of course, it’s not free. There are six subscription options available at 50% off: from a small $1,000 trading capital for 600 Stars, to a hefty $100,000 for 30K Stars. Once trading begins, users will need to pass a challenge to prove their trading skills.
Stage 1: Over a minimum of 5 trading days, earn 5% profit without exceeding 5% daily loss or 10% total drawdown.
Stage 2: Same rules, but the required profit increases to 8%.
Final: You gain access to real trading capital and can withdraw up to 80% of your profit.
⚫️ It seems more and more projects are embracing Stars — no longer treating them as competition to Toncoin, but rather as a complementary tool. Stars are simply easier for the average Telegram user to understand than cryptocurencies with their volatile prices and decentralization. You could call it a kind of StarsFi.
>> Try yourself as a trader
👁 It’s exciting to see new financial tools emerging in the ecosystem, especially when experienced teams keep pushing the boundaries of what’s possible on TON. Looking forward to the full release of Upscale!
@thedailyton
🚀 The last hope for Mine-to-Earn or just another star drain?
⚫️ A few days ago, a new Mine-to-Earn app called nanocell launched in the Telegram Mini Apps ecosystem. At first glance, it might seem like it's time to bury the whole genre after so many disappointing listings from clickers and miners — but the nanocell team clearly thinks otherwise.
⚫️ This new project introduces on-chain mining via mobile networks. That means tokens are mined directly on the blockchain — not on some backend server — and the mining process only works via mobile network, which lowers the chance of farming abuse and encourages more fair distribution of rewards.
⚫️ The token $CELL will be mined in four stages: Premine (13%), Early (13%), Mid (24%), and Late (50%). 80% of the total supply goes to miners, with the remaining 20% allocated for marketing and liquidity provision.
⚫️ In the Store, users can buy battery charges and auto-mining hours, while the Quests section offers CELLXP (its use to be revealed later) in exchange for subscribing to channels or inviting referrals.
⚫️ Interestingly, it’s noticeably cheaper to buy charges with TON than with Stars (we checked against the current Fragment rates). That may be intentional — giving an advantage to Toncoin holders over users farming Stars through referral programs or paid messages.
⚫️ There's also an inactive eSIM tab in the app — likely hinting that one day $CELL could be used to purchase mobile data or SIM-related services. Makes sense, considering mining is tied exclusively to mobile network.
🖊 So, what we’ve got is another mining app — but this time with well-thought-out mechanics from day one. On the one hand, nanocell seems to have learned from others' mistakes. On the other, keep in mind you’re still putting in your own funds based solely on the team's promises and your gut feeling.
@thedailyton
🍌 How scammers fake email addresses
⚫️ Recently, we came across a message in a TON-related chat that said: “We offer safe earnings in the crypto space.” It looked very suspicious—after all, that’s a common tactic used to lure people into scams. But we wanted to understand exactly how these schemes work so we can warn you. And if it turned out to be legitimate, we wanted to know the details. So, we decided to dig deeper and respond to the message.
⚫️ A pleasant female voice explained: “We’re a Binance partner and can offer favorable staking conditions. If you register through our offer, you’ll earn about 20% monthly on your savings. The offer will be sent from Binance’s official email address, and you’ll be able to verify its authenticity using Binance Verify.”
⚫️ A 20% monthly return on staking sounded unrealistic, which only strengthened our suspicion of fraud. But how could scammers bypass Binance Verify? We were curious and decided to investigate further. Before sending the offer, the woman asked us to prove we had at least 100 USDT on the Binance Smart Chain—so we temporarily converted that amount from our beloved TON to USDT BEP-20.
⚫️ Then we did receive an email, which looked as if it came directly from Binance. But the main link—“Binance DeFi Staking”—led not to Binance, but to a website with a random string of characters in the URL. At this point, the scam was obvious, and we didn’t interact with the site. But the verification issue still puzzled us.
⚫️ The sender’s address in the email was listed as do-not-reply@post.binance.com. When we entered it into Binance Verify, the site displayed a large green checkmark and the message “Verified Email.” However, in smaller text below, it also noted that the sender’s email address can be spoofed and that there are more reliable methods to verify authenticity. We tried those methods, and the email failed verification based on the parameters in the EML file. Apparently, the real sender address was different.
💡 So the scheme is clear: scammers exploit the fact that Binance Verify still shows “Verified Email” even when the address is spoofed. Many users see the big green checkmark and reassuring message and stop there—without reading the fine print below. It’s unclear why Binance chose to display such a comforting message in a scenario that isn’t fully trustworthy. But now you know what to watch out for.
@thedailyton
🏆 Digest of current activities on TON
While most tokens are going through a rough patch and the long-awaited NFT season still hasn’t kicked off, we’ve rounded up some exciting opportunities currently available across the TON ecosystem:
⚫️ Tact Smart Battle challenge by TON Studio and Codeforces, featuring a $20,000 prize pool in TON tokens. Tasks include writing smart contracts in Tact. Prizes will go to the top 128 participants, with best performers getting a chance to join the TON Studio team. Deadline: April 28, 9:00 UTC.
⚫️ Trading tournament from MyTonWallet and Storm Trade with a $2,500 prize pool in $STORM. To win, you need to make it into the top 100 by trading $STORM via MyTonWallet’s aggregator. Swap fees will be refunded in $MY after the tournament ends. Deadline: April 29.
⚫️ A contest for traders and liquidity providers by Tonstakers, EVAA, and Storm Trade with XP and RP rewards. To join, follow a full DeFi strategy: stake TON on Tonstakers, deposit the received tsTON on EVAA, borrow TON there and trade it on Storm Trade. Deadline: April 25, 13:00 UTC.
⚫️ Telegram Mini App contest by TON Society CIS with a $2,500 prize pool. The main goal: launch a working Mini App that integrates TON blockchain tech. Projects built during the contest period are especially encouraged. Submissions: April 14 – May 5. Results and prizes: May 12.
🐤 Popular Ethereum NFT collection The Doge Pound is launching its first drop on TON in partnership with Gatto, a virtual pet game. To participate, open the app, go to Hat Mouse Shop, and buy a Diamond Paw under «Extra items» (1250 Stars). On April 28, all paws will transform into unique pets.
As you can see, even in the current market conditions, there’s no shortage of interesting events in the TON ecosystem. Pick your favorite, jump in, and win!
@thedailytonrus
🚀 A new player in liquid staking: Exploring the KTON protocol
⚫️ We’re continuing our deep dive into the speaker sessions from the Web3 Festival in Hong Kong, and today we’re highlighting a presentation by Dr. Awesome Doge, co-founder of the open infrastructure platform TONX Studio.
⚫️ The entrepreneur shared how he first joined the NEWTON team in 2021 to work on TON Blockchain, and by 2022 had become a pioneer in the staking space with the TonStake project, where many first miners have stored their coins over the years. He is now focused on developing the TONX platform, which includes the TONX API, the multisig wallet Tonkey, the KTON liquid staking protocol, and other products for users and developers.
⚫️ At the festival, Dr. Doge introduced the V2 Contract for KTON — a major upgrade that improved protocol performance, added dynamic liquidity management, and introduced a more refined yield model. You can check out the staking features for yourself at KTON.io.
⚫️ In essence, KTON is a classic liquid staking service: users stake their TON for annual yield and receive $KTON tokens in return, which can then be used across various DeFi protocols in the TON ecosystem. The current APY on the site is 4.78%, but Dr. Doge hinted at a target of 8% thanks to MEV optimization, and the upcoming launch of a governance token — $K.
⚫️ A quick look at DefiLlama shows that across all TON liquid staking services — Tonstakers, bemo, Stakee, UTONIC, Hipo, and Cygnus — the combined TVL sits at around ~$250M or 85M Toncoin. That’s only 1.65% of TON’s total supply. KTON aims to multiply that number significantly, pointing to Ethereum’s 14.2% staked supply as the benchmark.
💡 Interestingly, TONX Studio’s main goal for 2025 is to «Bring TON from Asia to the USA.» It seems it’s not just European users placing big hopes on a TON breakthrough in the American market. Just look at the slogan on TonX.ai — «Make TON Great Again.»
⚫️ But this raises an important question: does TON really need to be made great again, or are its best days still ahead? And should we be so focused on the U.S. when there’s still massive growth potential in Asia itself?
@thedailyton
⌨️ The Weekly TON: Highlights of the week
💀 The saga around the NFT sticker marketplace continues, as it still struggles to reach a full release. Mr. Freeman, the creator of Tonnel Gift Marketplace, tried to step in, but trading in his bot was short-lived — due to a built-in 10% fee, he eventually abandoned the sticker integration.
⚫️ The founder of the Telegram wallet xRocket published three posts on his personal channel, all focused on the ongoing issues with Telegram Stars. We’ve gathered the most important points and summarized them in a dedicated post.
⚫️ TON PIZ channel released a podcast episode featuring the co-founder of EVAA Protocol, discussing how oracles and liquidations are implemented in this popular liquid staking service. We’ve highlighted the key takeaways from the conversation.
⚫️ Our Personal Experience series is back on The Daily TON with a post about two-factor authentication in Tonkeeper Pro! This time, we dive into 2FA — how to set it up, whether it costs anything, and how convenient it is to use.
⚫️ We reviewed the speech by TON Foundation Ecosystem Lead at the Web3 Festival in Hong Kong. Find out which five areas Alyona Shmalko sees as the most promising for TON projects for 2025 in our latest post.
⚫️ The Trending Apps channel published a text interview with South Korea’s popular messenger KakaoTalk. We’ve read through it and shared what the team thinks about Telegram and its Mini Apps ecosystem.
⚫️ TON Foundation DeFi Lead, Vlad Degen, also spoke at the Web3 Festival in Hong Kong. We compared his remarks with earlier statements from The Gateway event to see how far DeFi on TON has progressed in recent months.
⚫️ Alongside integrating Jettons and Extra-currencies into the Payment Network technology, the TON Core team released a detailed explanation of how Layer 2 will work for everyday TON users. Read more here.
@thedailyton
👁 Vlad Degen’s View on the Future of TON DeFi
⚫️ At the recent Web3 Festival in Hong Kong, alongside Alena Shmalko, Vlad Degen (DeFi Lead at the TON Foundation) also gave a talk. It’s interesting to compare his latest comments with his speech from last November at TON Gateway. Back then, he said that 2025 would be “the year of DeFi on TON” and presented a slide outlining the core DeFi components popular across many blockchains. According to him, most of those elements had already been implemented on TON, though a few gaps remained.
⚫️ Now, he showed an updated version of that same slide — and this time, all the core DeFi building blocks were marked as “implemented.” For instance, in the case of “Bridges,” Vlad pointed to the integration of LayerZero as a completed milestone. However, this doesn’t mean DeFi development on TON is complete — he also outlined the main direction for further growth.
⚫️ In Vlad’s view, DeFi on TON can be broken down into three layers:
• Yield generators: services that generate profits for users (such as staking and farming)
• Functional DeFi: DEXs, lending platforms, bridges, etc.
• Retail Telegram mini-apps
⚫️ The first two layers are common across many blockchains and, according to Vlad, are now fully functional on TON. The third layer, however, is unique to TON — no other blockchain has this. Thanks to its integration with Telegram, TON can offer mainstream users access to DeFi services through a simple and convenient interface directly inside the messenger. While some TON services already have mini-apps, Vlad believes this is the main area that still needs work.
⚫️ The core issue is that DeFi services remain too complex for the average user with no prior crypto experience. As a result, they struggle to reach a mass audience. Vlad proposes creating mini-apps with extremely simple and intuitive interfaces — essentially, apps with a single main button like “Save money” or “Invest.”
⚫️ According to him, TON’s motto “crypto in every pocket” was implemented in 2024 as “games in every pocket.” In 2025, it could evolve into “DeFi in every pocket.” But for that to happen, crypto savings — and the yield they can generate — need to become truly accessible and routine. The challenge for 2025, then, is to “bring yield to the user.” While the ecosystem already offers ways to earn yield on investments, the real task is making those opportunities easily accessible to everyone.
💡 So, if you’re thinking of launching a project on TON — here’s your opportunity. There are plenty of DeFi projects already, but how many would your grandma be able to use? Whoever can simplify DeFi enough for grandmas to use it — wins.
@thedailyton
💡 Which projects does the TON Foundation recommend developing?
⚫️ In 2024, the TON ecosystem saw a lot of buzz around Tap-to-Earn games and memecoins. However, the hype around “tapping” apps has faded, and memecoins haven’t turned into a major success either. So, what should be built on TON in 2025?
Right now, the Web3 Festival is taking place in Hong Kong, where Alyona Shmalko (Ecosystem Lead at TON Foundation) highlighted five promising directions for the future. Here’s a summary of her insights:
⚫️ GameFi. As the Tap-to-Earn trend dies down, Alyona suggests focusing on three gaming alternatives.
1. Mid-core games – instead of simple tapping mechanics, these would have more complex gameplay.
2. Inspiration from WeChat – bringing successful game elements from this ecosystem into TON/Telegram (especially relevant in Hong Kong, where WeChat is widely used).
3. Telegram-native elements – incorporating Telegram features like gifts and stickers into games.
⚫️ Simplified DeFi. There are already plenty of DeFi projects, but many are too complex for the average user. Alyona believes it’s crucial to offer “one-click investing” for the masses. The arrival of Ethena and Midas—two successful projects—could help simplify DeFi within TON.
⚫️ Telegram In-App Economy. This refers to projects built around Telegram’s unique features. Examples include the TONNEL gift store, Notcoin’s sticker shop, and Upscale by Storm Trade.
⚫️ Payments. The goal here is to make everyday tasks easier for users: buying crypto, paying for real-world goods with it (for example, via linked bank cards), earning cashback, and sending funds to friends. Examples mentioned include Vietnam-based @aliniex_bot, @card, and @TONCashAppBot.
⚫️ AI. This is a hot trend across the board, and Alyona believes it aligns well with Telegram’s format and mini-app ecosystem. Examples she cited include @TheStarAIBot, which lets users chat with AI bots, and @GrablyTelegramBot, which allows users to sell their personal data (like palm photos) for use in AI projects.
🖊 Do you agree with Alyona’s take, or do you think something should be added or removed from the list? Share your thoughts in the comments—what do you see as the most promising directions for TON projects in 2025?
@thedailyton
👁 What the TON PIZ podcast revealed about oracles and liquidations
⚫️ In March, we published posts explaining the concepts of “oracles” and “liquidations.” Recently, the TON PIZ podcast released an episode (in Russian) featuring the co-founder of EVAA Protocol @sepezho, where they discuss how both of these mechanisms are implemented in the project. If you’re looking to understand these topics in more depth than our introductory posts provide, and you know Russian, this episode is worth checking out. And here are some key takeaways for those who don't:
⚫️ In EVAA, a user deposits collateral and can then borrow other tokens against it. If price fluctuations cause the collateral to no longer cover the borrowed amount, the position can be liquidated. The project relies on oracles to provide pricing data. This makes the accuracy of oracles critically important—if incorrect information slips through, it could trigger false liquidations and result in financial losses. So, how do they address this?
⚫️ It’s not feasible to eliminate oracles entirely, so the focus is on making them as reliable as possible. The podcast explains how EVAA handles this. First, price data is gathered from multiple price providers (Pyth, RedStone, Stork). Then, several independent oracles within the system transmit this data to the blockchain. The blockchain then calculates the median value from these different oracles. That way, even if one oracle reports inaccurate data, it won’t skew the result.
⚫️ Initially (during the testnet phase, when the system wasn’t actively being attacked), only one oracle was used. But now that the project is live and handles millions of dollars, that’s no longer considered reliable. Additionally, pricing data can become outdated very quickly—so in EVAA, any price information is only considered valid for the first three minutes. After that, it can no longer be used for decision-making.
⚫️ The liquidation system itself is also quite interesting. If a user’s collateral no longer covers their loan, EVAA doesn’t liquidate the position automatically. Instead, it allows anyone to do so and earn a reward for performing the liquidation. Anyone can build a “liquidator bot” to monitor the system and act when a liquidation opportunity arises. However, only the first transaction to reach the EVAA smart contract will receive the reward. Sometimes, this is followed by a chain of up to 15 failed attempts from other bots that were just a bit too late.
💡 Altogether, this serves as a vivid illustration of our earlier point: we’ve described the oracle as a “risk point” through which inaccurate information could hypothetically enter the blockchain. The EVAA example shows why this matters and how the project works to mitigate those risks.
@thedailyton
💀 Are Telegram Stars a poor fit for web3?
⚫️ Recently, we reported on a scammer who managed to sell Telegram Stars to many users and then rob them of these Stars by requesting a refund. Over the weekend, the founder of @xRocket followed up on this story with three detailed posts in Russian about the challenges of using Telegram Stars. Here’s a summary of the main points.
⚫️ Telegram Stars were initially created out of necessity. To succeed, Telegram needs to be available in app stores like the App Store and Google Play, which means complying with their rules. One such rule prohibits direct payments using cryptocurrencies. As a workaround, Telegram had to introduce an intermediary currency that could be purchased with crypto.
⚫️ These same rules require allowing refunds for Stars within 21 days—and in some cases, according to reports, Apple even permits refunds beyond that window. This creates a loophole for abuse, as seen in the recent case. And it wasn’t the first: there have been several previous instances where refunds caused problems for users.
⚫️ Essentially, this makes it risky to sell crypto-related products using Stars. For example, if someone sells an NFT for Stars, the refund function means those Stars could evaporate. How can businesses operate in such conditions?
⚫️ There’s no clear, foolproof solution. Some suggestions were offered in the posts, but they all negatively impact user experience. One idea is to “freeze” purchases for 21 days (the official refund window) before finalizing the transfer to the buyer. While this would solve the refund issue, it’s inconvenient: “I’ve paid, but I have to wait three weeks to get my item?”
⚫️ Another option is to turn the Telegram mini-app into a “showroom,” where users can browse items, but purchases must be completed elsewhere, outside the constraints of Apple and Google’s ecosystems. This approach is already being used by some non-TON crypto projects, like the NFT marketplace OpenSea.
📒 The text concludes that Telegram Stars are fundamentally incompatible with web3. However, abandoning them isn’t really an option for TON-based projects either. So, the only path forward is to search for the “lesser evil” in each situation.
@thedailyton
💡How do you “buy the dip” without fiat?
⚫️ In the crypto world, there’s a popular piece of advice: “Buy the dip.” The idea is that if the price of a major cryptocurrency drops, that’s your chance to scoop it up at a discount — it’ll probably bounce back later. But recently, when both the crypto and stock markets were falling together, a meme was making the rounds where this advice was met with the reply: “With what?” — pointing out that in such moments, people often find themselves in a tough financial spot with no spare funds to buy anything at all.
⚫️ You’d think that if all you have is Toncoin and no extra fiat, then a price drop is just bad news: “What I’ve got is now worth less, and I can’t afford to buy more.” But technically, there are ways to “play the dip” even in this case. Disclaimer: these methods come with risk. This is not financial advice — we’re just demonstrating what’s possible in the ecosystem. Whether or not to use it is entirely up to you.
⚫️ Option 1: Lending protocols like EVAA and Factorial Finance.
Here’s how it works: you can use your Toncoin as collateral to borrow USDT, then head to a DEX and swap that USDT for more Toncoin. If Toncoin’s price goes up, you can then sell the Toncoin back for USDT, ideally ending up with more than you started with. After repaying the loan, you keep the difference.
⚫️ Option 2: Decentralized stablecoins from projects like Aqua Protocol.
These allow you to mint stablecoins backed by Toncoin collateral, following a similar idea. You lock up your Toncoin, receive a stablecoin, trade it for more Toncoin, wait for a rebound, and then reverse the trade.
⚫️ Option 3: Use a trading platform like Storm Trade to open a long position on TON.
You can use your existing Toncoin to open a leveraged long. If TON goes up, your gains are magnified. But of course, leverage also multiplies your risk.
💀 All of these options come with a shared risk, which we recently wrote about: liquidation. Let’s say you guessed wrong and Toncoin keeps dropping (as the saying goes, “buy the dip — and get the second dip free”). In that case, your Toncoin may no longer be enough to cover your collateral, and you could lose it. So again — this isn’t a recommendation. But the fact that these tools exist makes the ecosystem more flexible: it’s good to have options. Whether to use them or not is up to you.
@thedailyton
🔥 More innovations in Tonkeeper Pro: Two-factor authentication via Telegram
⚫️ Back in December, we took a deep dive into the pros and cons of the Tonkeeper's Signer app. And while Signer is a solid way to secure your funds, not everyone finds it convenient to install a separate app — ideally on a second device.
⚫️ Today, Tonkeeper Pro introduced an alternative way to protect your TON wallet — onchain 2FA via Telegram. Once the feature is activated, every transaction will require two confirmations: one from the Tonkeeper app and one from a dedicated Telegram bot.
How to set up two-factor authentication?
1. Open Tonkeeper Pro and enable 2FA in the settings.
2. Link your wallet to the @Tonkeeper bot on Telegram.
3. You can disable 2FA at any time if needed.
⚫️ This update is currently exclusive to Tonkeeper Pro users, but it’s only a matter of time before other popular TON wallets adopt the feature. The technology is built into the W5 standard at the smart-contract level and is resistant to attacks via scripts or API access.
⚫️ Telegram is one of the most convenient options for receiving confirmation requests — but it’s not the only one. In the future, other notification methods may become available depending on the preferences of each development team.
You can read more about 2FA here, and check out our recent post for details on gasless USDt TRC20 transfers and other Tonkeeper Pro features.
@thedailyton
✔️ Balance hiding , token deposits, and Actions API support: MyTonWallet updated to version 3.5
⚫️ It’s been less than a month since the last update to the non-custodial wallet MyTonWallet, and the team is back with several handy new features. Some have been long-awaited, while others might be new even to experienced users. Let’s break it down:
⚫️ A new button has been added to your wallet card to hide your balance. It lets you blur not only the total amount of tokens but also the transaction values. To reveal them again, simply tap the button or any of the blurred fields.
⚫️ With the new Actions API support, the transaction feed now shows more relevant info and less visual noise. Each action is labeled by type (staking, auction, mint, burn, etc.), and token swaps now include token icons.
🖊 Because of this update, MyTonWallet got a mention in the official Toncenter API channel, and TON Core’s lead developer Anatoliy Makosov posted about it on his X page:
Yes, show users clear and simple info rather than raw blockchain data like transaction hashes and block numbers.
This is a great example of using our Toncenter's Actions API.
✈️ How is Telegram merging CeFi, DeFi, and chat communication?
⚫️ You’re probably already familiar with checks from popular Telegram bots — but are there similar tools in other TON ecosystem apps? At the end of last year, Fintopio introduced a similar fund transfer feature. So, how does it work?
1. Open the Fintopio Mini App and activate your CeFi wallet.
2. In a chat with the recipient, tag @ChatPay or @Fintopio.
3. Enter the transfer amount, select an asset, and send the voucher.
4. If needed, you can cancel the transfer by deleting it from the Vouchers section in the app.
⚫️ Important: To use ChatPay, both you and the recipient must pass basic verification in the Fintopio CeFi wallet. Currently, the feature is available only for centralized wallets, but the team promises to add DeFi support soon.
⚫️ The wallet is available not only as a Telegram Mini App, but also via Web version and mobile apps for iOS and Android. Also, you can read more about ChatPay here.
⚫️ We often associate crypto mass adoption on Telegram with TON Blockchain, the Fragment platform, NFT gifts, and Anonymous Numbers. But we shouldn’t forget the unique functionality of chat bots and Mini Apps.
🖊 It’s exactly these tools that allow any project to reach Telegram’s massive user base — and show people in a simple, intuitive way how crypto can fit into everyday life.
@thedailyton
📒 How TON addresses work and why they have multiple forms
⚫️ At first glance, non-custodial wallet addresses in TON appear to be just random characters. However, there’s a logic behind them. You can use TON without knowing any of this, but if you’re curious, let’s dive into the #howtoton series.
⚫️ On websites ton.org/address and stels-cs.github.io/ton-tools, you can enter any TON address (e.g., UQBLiDaV9no7RRwDvQrYI1kLdGfbeUSO_gLHmUxyJ6EJ1Vse) and see it displayed in multiple formats—five, in the case of the first site. But why so many, and what makes them different?
⚫️ The first format, HEX, is a «technical» one. It’s primarily used in code and isn’t considered user-friendly, so most users never see it. The part before the colon represents the workchain number. Currently, everyone in TON uses the default workchain, but efforts are underway to introduce more workchains, making this parameter more relevant in the future.
⚫️ Next are the more familiar formats. You may have noticed that some TON addresses start with EQ, while others start with UQ. In reality, every address has both forms. The difference lies in the bounceable flag: If a transaction is sent to an EQ address but the recipient cannot process it, the funds are automatically returned to the sender.
⚫️ UQ addresses are more commonly used in wallets to ensure that transactions don’t bounce back when sent to an inactive wallet. Most users don’t need to worry about these distinctions — it’s something developers handle.
⚫️ Notice that besides the EQ/UQ prefix, the last characters in each format also differ. This means you can’t simply swap EQ prefix for UQ (or vice versa). If you try this in the input field at ton.org/address, you’ll get an error: «Not a valid TON address.» How does the system detect this error? The last characters represent a checksum, calculated based on the rest of the address. If any part of the address changes, the checksum must change too. This serves as a built-in error check—if a user mistypes a character, the system can identify the mistake and prevent them from sending funds to an invalid address.
⚫️ Finally, there are two more formats starting with kQ/0Q, which indicate testnet addresses. We covered testnet in a previous post.
💡 So now you understand the beginning and end of an address—but what about the main body? In simple terms, it’s derived from the wallet code and seed phrase. This means your address contains traces of your secret words, but the system is designed in a way that prevents attackers from reversing the process to extract your seed phrase.
@thedailyton
📒 Analytics platforms for every occasion. #howtoton series
To celebrate the launch of TON Data HUB, we’ve put together a list of services that come in handy when working with data on TON Blockchain.
⚫️ giftstat.com — Let’s start with the most relevant: a Telegram Gifts analytics site where you can track total turnover, number of deals, and detailed info on each item in a collection. Worth noting — the data is pulled exclusively from Tonnel Gift Marketplace.
⚫️ nums888.io — Continuing with the gift theme, this platform focuses on Anonymous Numbers. It shows floor prices, trading volumes, holder counts, and even lets you see which numbers are held in a specific wallet under the Portfolio section.
⚫️ tonstat.com — A dashboard for general TON metrics. Daily transaction count, active wallet numbers, locked liquidity in staking platforms are all available in clear visual graphs — with filters for the past month, six months, year, or all-time.
⚫️ tonviewer.com — A classic tool even known to those who’ve never built a chart. It lets you search for any TON wallet by address or domain and analyze incoming/outgoing transactions with ease.
⚫️ tonscan.org — A platform offering extensive data: wallet info, core TON Blockchain metrics, Jetton prices, and app descriptions. It’s also integrated into MyTonWallet for convenience.
⚫️ dyor.io — An analytics platform with its own token and API. It offers deep insights into TON tokens, dApps, and games — plus handy swaps via the newly integrated liquidity aggregator from DeDust.io.
⚫️ indicaton.io — An info hub from the creators of the popular TON price alert bot. It includes Toncoin price charts, Jetton/NFT rankings, and fresh updates from a number of TON-related Telegram channels.
⚫️ dune.com — The ultimate tool for deep blockchain analysis. Dune dashboards are at the heart of the ongoing TON Data HUB contest, with winners being announced today. You can check our detailed post about it (we even included a few demo dashboards from our team).
If we missed any great analytics platforms, feel free to drop them in the comments!
@thedailyton
🍌 What should beginners know about liquidations?
⚫️ We’ve already written about scams in the crypto world. But there are also situations where everything is legal, yet you can still lose your funds. And at first, it may not be entirely clear why. In today’s #howtoton segment, we’ll explain one such case: liquidations.
⚫️ Losing money in crypto might seem easy—buy Toncoin, and if it drops in price, you’re at a loss. So what else is there to worry about? The key difference is that price drops can be temporary, but liquidations mean losing your asset permanently. Why does this happen, and where can you encounter it?
⚫️ Imagine a user expects Toncoin’s price to rise and buys $100 worth of it. If they’re wrong and TON drops by half, it’s unfortunate, but not necessarily a total loss—they can wait for a rebound (historically, TON has rewarded patient holders) or withdraw $50 to lock in a partial loss.
⚫️ Instead, the user might choose to trade Toncoin on a platform with leverage—say, 3x. This means their $100 position is tripled with borrowed funds. If they’re right and TON rises, their profit is magnified. But if the price falls, the platform starts risking its own money. Once a certain price threshold is reached, the platform will liquidate the position—closing it and keeping the user’s initial $100 as repayment. In this case, the entire amount is lost permanently.
⚫️ Liquidations aren’t limited to trading. They can also happen on lending platforms, where users borrow one cryptocurrency using another as collateral. For example, if you borrow USDT against your Toncoin holdings and TON’s price drops too much, the collateral might no longer be enough to cover the loan. In this case, the platform may liquidate the collateral, meaning you lose it—though you would still keep the borrowed USDT.
⚫️ Another example is decentralized stablecoins, which we’ve discussed before. The idea is similar: these stablecoins are issued against crypto collateral, and the value of that collateral must always exceed the amount of stablecoins in circulation. If it doesn’t, the stablecoin loses its backing, and its peg to another asset collapses. That’s why platforms often display a health factor, which shows how close a user is to liquidation and whether they should increase their collateral to avoid it.
💡 What should beginners take away from this?
At first, it’s best to avoid any operations that carry liquidation risks and stick to safer alternatives. If you decide to experiment, start with small amounts you can afford to lose. Always assess the risks carefully, understand what you’re doing, and choose a risk level that suits you. Many experienced traders advise, “If you’re using leverage, keep it low—something like 2x at most.”
@thedailyton