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Telegram-канал toncoin - TON Community

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Inherited from Telegram, the TON blockchain was designed to onboard billions of users. It boasts ultra-fast transactions, low fees, and easy-to-use native apps, some of which can be used directly in Telegram such as @wallet or @cryptobot.

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TON Community

TON Community Weekly Digest

Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.

Network Growth:

▪️ The number of registered TON accounts has increased from 2,814,952 to 2,852,121 (+1.3%) between June 19 and June 25, 2023.

Ecosystem News:

▪️ TON has put in place a new deflation mechanism that will burn 50% of all transaction fees. Read more.

▪️ The TON Wiki Challenge has come to a close. View results.

▪️ The DeDust DEX now supports an official token bridge as well as the Wallet Connect protocol. Read more.

▪️There are less than two weeks left until the end of the Liquidity Mining Rewards Campaign. Users still have a unique opportunity to stake Toncoin with special conditions! Read more.

▪️A huge MyTonWallet update has been released. Read more.

▪️The launch of the Oveit NFT ticketing protocol has been announced as part of collaborative efforts between TON Foundation and the Oveit team. Read more.

▪️ A major @Wallet P2P market update has been released. Read more.

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TON Community

🚀 Evaa on Product Hunt! 🚀

Hello, Evaa Community, today is a big milestone!

@EvaaProtocol, the pioneering lending protocol on The Open Network with Telegram integration, has made its debut on #ProductHunt, a community-driven platform that allows to showcase and vote on the latest tech 🎉

We need your voice! Here's how you can join us on this exciting journey:

1️⃣ Visit our page on Product Hunt: https://www.producthunt.com/posts/evaa-protocol

2️⃣ Sign in or register on Product Hunt

3️⃣ Click the "upvote" button

4️⃣ Share your thoughts in the comment section. We value your insights!

Let's make some noise together and show our @toncoin products to the global technology community!

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TON Community

🔥 Big News from MyTonWallet 🔥

Today marks an exciting milestone in our journey! We're thrilled to announce the release of our new version 14 that brings in some major enhancements, making the MyTonWallet experience more seamless and secure than ever. Let's dive into the updates:

1️⃣ Standalone Desktop Version: mytonwallet.app/get

MyTonWallet becomes the first wallet in TON to present you with Windows, macOS, and Linux versions! It was a highly anticipated release, and we couldn't be more excited to finally share it with you! Don't miss the stunning motion design video below this post, showcasing our new version.

2️⃣ Desktop Layout for Web App

Understanding the limitations of a portrait-like extension layout for a browser app, we've now introduced a dedicated desktop layout for our web app, ensuring a comfortable and efficient browsing experience.

3️⃣ Ledger Hardware Wallet Support

We're pushing the boundaries with our Ledger hardware wallet support. This is a important step towards full TON support by Ledger, a much-anticipated upgrade expected in the coming weeks. This integration is a game-changer for the entire blockchain and takes the security of your assets to the next level.

4️⃣ Redesigned Settings

We believe in evolution and improvement. Keeping that in mind, we've given our Settings section a complete makeover. With an emphasis on user-friendliness, it is now more intuitive and easier to navigate.

We're proud to share these upgrades with our community and cannot wait for you to experience them! As we continue our pursuit of excellence, we would like to thank our incredible community for their continuous support.

Get ready to enjoy a whole new level of MyTonWallet experience!

@MyTonWalletEn

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TON Community

DeDust has implemented a TON Bridge, enabling users to seamlessly transfer tokens between Ethereum and TON Blockchain

DeDust users can now directly transfer tokens between TON Blockchain and the Ethereum blockchain using the official bridge. Additionally, DeDust's built-in bridge includes support for the Wallet Connect protocol, enabling the use of various crypto wallets such as Uniswap Wallet, SafePal, Rainbow, and others.

Previously, in order to access TON Ecosystem from Ethereum, users had to rely on Metamask. However, thanks to these new developments, accessing TON has become easier than ever before. DeDust has also initiated a user reward program, distributing 120,000 TON tokens to liquidity providers. It is important to note that when utilizing the bridge for transfers, network fees on both blockchains still apply. Likewise, some users may experience stability issues with Trust Wallet when connecting via the Wallet Connect protocol. In this case, we recommend using the built-in Trust Wallet browser or an alternative wallet altogether.

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TON Community

TON has officially implemented a new deflationary mechanism that will burn 50% of all transaction fees

The TON validators have voted to implement a new real-time burn mechanism that will halve TON transaction fees. This proposal was initially put forward by TON Community on June 1, 2023, and received overwhelming support from TON holders with 98.22% of votes cast in favor.

The validators’ vote was held afterwards, with 76.3% of votes in favor of the proposal. The mechanism went live following the validator vote on June 17 and the burn will continue indefinitely.

We thank you all for voting and for making your voices heard.

You have been part of a historic moment in The Open Network.

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TON Community

💎 Special bug bounty event

Following previous efforts to improve TON tokenomics, which include tokenomics optimization and deflation mechanisms, TON Foundation explores further options of direct stimulation of TON supply stabilization and predictability.

For this purpose we have developed smart contract Locker which incentivize long-term assets locking with subsequent smooth unlocking.

TF announces special bug-bounty event to discover vulnerabilities in Locker contract.

Prize fund: Up to 50'000 TON
Deadline: 23:59 on June 30th (UTC)
Who can participate: Everyone
How to submit: Open issue on github

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TON Community

Tonkeeper 3.2

Tonkeeper wallet has released a major update, which includes a variety of new features, including:

▪️ Token exchanges

The STON.fi DEX has been integrated into Tonkeeper's interface, allowing users to exchange their coins in seconds without leaving a wallet.

▪️ Token confirmation

Users can now easily reject incoming transactions with a single click to protect their wallets from junk coins.

▪️ Support for TON sites

The integrated Tonkeeper browser now supports decentralized .ton sites. Users can easily visit TON pages directly in their wallet without the requirement for additional configurations.

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TON Community

TONcoin.Fund x TON Accelerator Cohort Showcase, DWF tie up

The recently launched TON Accelerator program is hosting the first cohort showcase for TONcoin.Fund and its accelerator partners.

The projects have been sourced by the TON Foundation through three methods during the first half of the year:

1. A global hackathon with DoraHacks, which resulted in over 200 submissions. The event culminated in 10 winners who received a total of $300K for further development.
2. TON builder meetups, which included 15 hacker sessions with over 800 attendees in various cities around the world.
3. TON Accelerator submissions, which received over 100 entries in its first week of launch.

The showcase will feature eight early-stage projects that are building across different verticals, ranging from financial applications such as decentralized perpetual contracts to technical domains such as TON storage. Once the private session is completed, a publicly available version will be made for the community to view.

Additionally, DWF Labs, the global digital asset market maker and multi-stage Web3 investment firm, has joined as the newest member of the TON Accelerator partners.

Andrei Grachev, Managing Partner of DWF Lab, stated: “DWF Labs and their willingness to support DeFi primitives through liquidity provisioning will be instrumental in establishing a strong DeFi foundation on TON.”

He added: “DWF Labs has been a consistent supporter of projects on TON, as evident from their past investments.

“We are committed to providing comprehensive support to selected projects. We also actively assist projects with their tokenomics, market making, and liquidity provision. Our ongoing investments demonstrate our strong dedication to projects on TON, and we are excited to collaborate further with the TON Foundation and the vibrant community.”

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TON Community

TON Community Weekly Digest

Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.

Network Growth:

▪️ The number of registered TON accounts has increased from 2,732,649 to 2,764,421 (+1.2%) between June 5 and June 11, 2023.

Ecosystem News:

▪️ The second round of TON grants for Q2, 2023 has been approved. The list of new supported projects is available here.

▪️ DeDust, STON.fi, and Megaton Finance, popular TON-based DEXs, are currently offering high interest rates to liquidity providers for certain trading pairs. This promotion has been made possible thanks to the Liquidity Mining Rewards Campaign. Read more.

▪️ The STON.fi DEX has introduced a new Rust SDK and FunC library for developers. Read more.

▪️ A new TWA Challenge for developers has been launched with a $60,000 prize pool. Read more.

▪️An offline meetup called "Telegram Games: What's in It for Game Developers?" was held in Istanbul, catering specifically to game developers. Read more.

Subscribe and be the first to receive updates from TON Ecosystem.

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TON Community

STON.fi introduces their new Rust SDK and FunC library to kickstart ecosystem development

STON.fi, one of the biggest DEXs in TON Ecosystem, has released a Rust SDK. This software development kit enables developers to seamlessly integrate STON.fi features into their own products using the popular Rust programming language. Additionally, STON.fi has shared their FunC snippet library, which aims to simplify TON smart contract development. The introduction of this Rust SDK and FunC library is poised to make TON development much easier and accelerate the launch of many innovative products within the ecosystem.

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TON Community

Join us for an offline gamedev meetup: "Telegram Games: What's in It for Game Developers?"

We are excited to announce the TON Play meetup, where we'll discuss the potential of Telegram for game developers and explore whether it can truly become the WeChat 2.0 of gaming.

📅 June 9th, 2023
⏰ 4:00 PM
📍 Şişli, Istanbul, Turkey (we'll send the exact address later)

Please note that registration is required, as the number of participants is limited. Three days before the event, you'll receive an email with all the details. See you in Istanbul!

Register here 👈

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TON Community

TON Community Weekly Digest

Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.

Network Growth:

▪️ The number of registered TON accounts has increased from 2,699,705 to 2,729,362 (+1%) between May 29 and June 4, 2023.

Ecosystem News:

▪️ TON Community proposed to introduce a mechanism to burn 50% of network fees. The community is voting on this initiative right now and we encourage all of you to get involved. Cast a vote.

▪️ TON Foundation released the most significant TON Virtual Machine (TVM) update to date. This makes TVM one of the most versatile virtual machines available and allows developers to create even more diverse smart contracts, services, and products on TON. Read more.

▪️ A new TVM Challenge with a 30,000 Toncoin prize pool has been launched for smart contract developers. Read more.

▪️ TON Foundation launched a new $720,000 Liquidity Mining Rewards Campaign. Read more.

▪️ Trust Wallet, a leading non-custodial crypto wallet with +60M downloads, has introduced support for TON and Toncoin on Android and iOS devices.

▪️ bemo has partnered with DWF Labs to launch the first liquid staking protocol in the history of TON Ecosystem. Read more.

Subscribe and be the first to receive updates from TON Ecosystem.

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TON Community

Announcing a new TVM Challenge contest for smart contract developers offering a prize pool of 30,000 Toncoin!

We invite developers to join the new TVM Challenge competition to demonstrate their skills and explore new options for using opcodes, which will be presented in the upcoming TVM update.

The projects will be evaluated according to several criteria: relevance, efficiency, uniqueness of the idea, and technical complexity. Read more in the TON blog here.

The competition will last three weeks from June 2 to June 25, 2023.

Applications will be accepted until June 18 at @toncontests_bot. You can find all the necessary tools in this post or on the contest page in “TON Blog.”

Good luck to all participants!

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TON Community

GameFi on The Open Network in full effect

There is a game on TON blockchain dedicated to the Brazil football championship. You can choose your favorite players from Flamengo, Sao Paulo, Palmeiras, Santos and other teams in Fanton Fantasy.

Football fans and TON enthusiasts can combine their passion for sport and crypto by playing Fanton tournaments dedicated to Brazil championship Brasileiro Série A.

Fanton is a play-to-earn game in the fantasy genre, where the players' real-life performance affects your in-game points. Thousands of TON enthusiasts can play football fantasy, tapping into their inner footballer world.

Gaming would suit the ecosystem as a catalyst for new blockchain users. And the more such games exist are on TON, the closer we are to the Web3 world reaching mass adoption.

The official Fanton community on English is here, and you can play in the nearest tournament in the Fanton web-app bot. The entry requires only 3 TON and you can win 200 TON for the first place. Also you can choose to play for free only.

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TON Community

TON Foundation launches $720,000 liquidity mining rewards campaign

TON Foundation has introduced a liquidity mining campaign, offering $720,000 worth of Toncoin (TON) in rewards, with the goal of attracting users from different blockchains to join TON Ecosystem. Scheduled from June 5 to June 30, this campaign is designed to boost network liquidity by incentivizing crypto users to contribute their tokens to the ecosystem, with a special emphasis on Tether (jUSDt), USD Coin (jUSDC), and Wrapped Bitcoin (jWBTC) jettons.

Several prominent DEX protocols, including Megaton Finance, DeDust, and STON.fi, will be participating in the campaign, with the $720,000 allocation in TON being distributed between them. This program forms part of a broader ecosystem effort to bolster DeFi liquidity.

For the latest updates on the TON DeFi space, check out this channel. Stay tuned for more DeFi announcements in July.

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TON Community

💱 Wallet P2P Market update: Currency sorting, faster downloads, and much more

Wallet’s P2P Market has received a number of major updates over the past month. A few users have already noticed them, but for everyone else, we’d like to take this opportunity to let you know what’s changed:

Changing ad volumes

It is now possible to adjust the volume of your buy or sell offers in any direction. In buy offers (both active and inactive), the volume can be adjusted in either direction. However, for sell offers, the volume can only be increased if the offer is currently active.

Payment methods sorting and faster loading

Payment methods are now sorted by popularity, and fiat currencies are sorted alphabetically. Ads also download faster within user profiles.

Subscribe to our channel so that you don’t miss important Wallet updates and see you next week!

👛 Your Wallet team

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TON Community

Oveit and TON Foundation Team Up to Bring NFT Tickets to Telegram!

Oveit and TON Foundation announced a collaboration introducing Oveit NFT ticketing protocol to Telegram. Oveit will leverage TON's infrastructure to distribute and mint NFT ticket collectibles. Users will be able to access their NFT tickets using a Telegram bot managed by Oveit.

Oveit's ticketing system is packed with benefits, such as event-specific chat rooms to connect fellow event-goers or the seamless digital ticketing experience. To stay updated with Oveit and how they're revolutionizing event ticketing, follow Oveit on Twitter.

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TON Community

Two weeks to go in first liquidity mining rewards campaign on The Open Network (TON)

Join TON's first liquidity mining rewards campaign before it ends in just two weeks! Don't miss out on this opportunity to get involved with leading decentralized exchanges (DEX’s) Megaton Finance, STON.fi and DeDust.

In addition, TON Foundation and Port3 are hosting an exciting airdrop campaign. Sign up now for the chance to win Toncoin and Telegram premium accounts! Visit: https://soquest.xyz/space/TONnetwork/campaign/ToFeOVhOlC.

For more DEX activities and updates, visit: https://blog.ton.org/embrace-de-fi-on-ton-with-tasks-challenges-and-rewards.

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TON Community

TON Closes Entries on Wiki Challenge

The TON Wiki Challenge concluded yesterday, with participants actively contributing to the creation and enhancement of TON Wikipedia pages in various languages.

We received an overwhelming response to the contest and would like to thank all the participants who demonstrated exceptional knowledge and understanding in their submissions!

Deciding on the winners wasn't easy, especially given the exceptional quality of the majority of submissions. However, after a thorough examination of the texts, we have identified the deserving winners, who have been awarded prizes ranging from 60 to 250 Toncoin.

You can find out the results of the contest on TON Blog by following this link.

Once again, thanks to all the TON Wiki Challenge contributors! You have made an invaluable contribution to the development and growing popularity of TON Blockchain.

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TON Community

TON Community Weekly Digest

Here’s a roundup of the most exciting news from the past seven days in The Open Network (TON) Ecosystem.

Network Growth:

▪️ The number of registered TON accounts has increased from 2,767,622 to 2,807,360 (+1.4%) between June 12 and June 18, 2023.

Ecosystem News:

▪️ GM.co, the world's largest crypto e-commerce marketplace, is collaborating with TON Blockchain. Users can now buy various goods on the platform with Toncoin (TON). Read more.

▪️ The community vote on the mechanism for burning 50% of all network fees has concluded. Over 98% of users voted in favor. Read more.

▪️ Tonkeeper wallet has released a huge update with many new features. The integration of the STON.fi DEX into the Tonkeeper interface is one of the most important ecosystem advancements to date and makes decentralized finance (DeFi) more accessible to users. Read more.

▪️ TON Total Value Locked (TVL) has grown by more than +2200% and reached $18M over the past four months. Read more.

▪️TON Foundation has launched a 50,000 TON Bug Bounty to find vulnerabilities in the new Locker smart contract. Read more.

▪️ Bitfinex, a leading crypto exchange, published a podcast interview with Andrew Rogozov, a Founding Member of TON Foundation and Founder of First Stage Labs. Watch the interview.

Subscribe and be the first to receive updates from TON Ecosystem.

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TON Community

TON TVL has increased by over 2,200%

According to DefiLlama, the Total Value Locked (TVL) in TON increased by over 2,200% in the last four months to the current $18М.

We can attribute this to multiple factors, including the recently launched DeFi Liquidity Incentive Program, the continuous support for TON-based projects, and the ever-growing public interest in innovative TON dApps.

DeFi remains the dominant area of the ecosystem thanks to TON's scalable and shardable architecture, designed to process heavy network demand with near-instant and affordable transactions. The leading dApp with the highest TVL remains Megaton Finance, currently standing at $9.8M.

Over the last 30 days, the TVL on DeDust increased by over 371% to $4.8M while STON.fi achieved a growth of over 480% to $3.4M TVL.

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TON Community

TON Community votes to halve network fees

The community has voted in favor of burning 50% of all network fees, with an overwhelming majority supporting the proposal. Details about the vote can be found here. The community votes were distributed as follows:

98.22% voted for the introduction of the mechanism.
1.07% voted against.
<1% abstained.

The next step is the network validator vote, which will take place on June 15. For the new mechanism to be approved, it requires support from at least 70% of validators. Stay tuned for more updates on this significant ecosystem-wide vote.

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TON Community

GM.co, the world's largest Web3-based marketplace for physical goods, has announced a collaboration with TON Blockchain

GM.co, an online marketplace that allows you to buy and sell goods for cryptocurrencies, has launched a pioneering integration with The Open Network (TON). This collaboration will enable platform users to purchase real-world items with Toncoin.

As of today, Toncoin payment options are already available on three other platforms:

1. CoinCoffee: A premium Web3 coffee company.
2. DrippyMilano: A fashion streetwear brand.
3. COURBET: A sustainable jewellery designer.

The list of stores supporting Toncoin is constantly expanding and, although these platforms are not yet widely accepted, we can expect more and more to emerge as the popularity of Web3 increases.

GM.co and TON Blockchain are at the forefront of an industry that intersects the real and digital realms. This convergence represents one of the core potential use cases for crypto and this collaboration marks the beginning of a series of breakthroughs on TON's path to mass adoption.

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TON Community

We have launched TWA Challenge 😎

The goal is simple — create exceptional Telegram Web Applications based on TON in one of five exciting tracks: Games, Entertainment, Finance, NFT, or Social. To help you succeed, we have curated a repository filled with essential tools, component library, documentation, and tutorials to assist you on your development journey:

💎 TWA repository
💎 Web Apps for Bots
💎 firststagelabs">Figma

Submit your project name, prototype, GitHub repo, and optional presentation to @toncontests_bot until 27 of July. Remember, we value open-source contributions, so make your repository public after the end of the contest. The judges will evaluate your project based on the uniqueness of your TWA idea, your prototype's functionality, the presence of an open-source code repository, and the optional presentation.

The top 6 TWA projects across all tracks will share a prize pool of $60,000 in TON cryptocurrency. Whether you're a solo developer or a team, multiple TWA projects within the same track have the chance to win! More details are on the website.

P.S. Your feedback on the current TWA documentation is highly appreciated, and the best contributors will be recognized at the end of the contest.

Good luck with your TWA creations 🫰

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TON Community

Earn up to a 174% annual yield by farming Toncoin

The popular TON DEXs, DeDust, STON.fi and Megaton Finance are currently offering special liquidity supply conditions for several select trading pairs.

DeDust:

TON/jUSDT: 164.26% APR
TON/jWBTC: 84.18% APR
TON/jUSDC: 181.9% APR

STON.fi:

TON/jUSDT: 111.46% APY
TON/jWBTC: 139.31% APY
TON/jUSDC: 128.65% APY

Megaton Finance:

WTON/jWBTC: 146% APR
jUSDT/WTON: 92% APR
jUSDC/WTON: 131% APR

These exclusive rates are possible thanks to the newly-launched Liquidity Mining Rewards Campaign. This unique $720,000 program is specifically designed to boost TON Ecosystem's TVL.

Every TON holder now has the opportunity to become a liquidity provider and contribute to the growth and development of TON DeFi.

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TON Community

TON Foundation has approved the Round 2 grants for Q2 2023

These projects have been carefully selected for the innovative solutions they offer the community, and we strongly believe they deserve our support.

1️⃣ Wagmi11: A decentralized prediction marketplace for crypto, sports, and more! Join the community and make accurate predictions.

2️⃣ A6g.events: A ticketing protocol for TON. Securely purchase, manage, and verify the authenticity of tickets. Say goodbye to fraud!

3️⃣ Tact Foundation: Tooling and documentation for Tact language. Build on TON with ease using examples, standards, and an online IDE.

4️⃣ Questbook: Better grants management with Telegram and TON integration. Stay informed with notifications, receive direct payouts, and enjoy Tonkey multi-signature wallet functionality.

5️⃣ Nujan IDE: Effortlessly program TON smart contracts with this online IDE. No setup required; simply write, test, and deploy with ease. Fast, user-friendly, and accessible.

Join the community, submit your proposal, and support innovative ideas! Let's shape the future of TON together.

Find out more on TON Blog: https://blog.ton.org/ton-grants-2023-q2-r2

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TON Community

Attention TON holders

TON Community has proposed implementing a deflationary mechanism to burn 50% of all network fees, including transaction and storage fees, in order to decrease the circulating supply.

Cast your vote on the proposal and make your voice heard. The community vote is open to everyone with a TON balance in their wallet. Voting starts today, 5 June, and ends on 13 June. Subsequently, the TON validators' vote will be held on 15 June. For the proposal to pass, at least 70% of all validators must vote in favor of the deflationary mechanism.

Cast your vote ⏬
https://shorturl.at/iNQX7

To learn more about the proposed deflationary mechanism, check out our blog 👉https://blog.ton.org/ton-community-proposal-to-implement-toncoin-real-time-burn

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TON Community

TON Community proposes burning 50% of network fees
The TON Community has proposed implementing a deflationary mechanic to burn 50% of all transaction fees, including transaction and storage fees, decreasing the Toncoin circulating supply.

This initiative is an essential step for the future development of the ecosystem, which unites the interests of users and validators.

TON validators receive staking rewards from two sources – transaction fees paid by users and new coins issued for each processed block. With further growth of the network adoption, fewer coins will enter circulation, and validators will still keep 50% of transaction fees for themselves. The deflationary mechanism will only affect the transaction and storage fees while the amount of newly issued coins remains unchanged.
The proposed burn ratio is 50% of all transaction fees paid by users.
We estimate the immediate burn amount will be around 350-400 TON daily, 50% of daily fees of 700-800 TON. As the TON ecosystem grows and the number of daily transactions increases, the burned amount will grow, eventually leading to a visible decrease in the total supply.
If you are interested in the exact details of the proposed implementation, you are welcome to consult the whitepaper or dive directly into the implementation’s source code - https://github.com/ton-society/ton-footsteps

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TON Community

💲 We’re offering $10,000 worth of prizes to @wallet users during our Summer Raffle!

Our Summer Raffle has just started in @wallet! Until the 8th of June you can win a share of our prize pool equivalent to $10,000 in TON. All payouts will be made in Toncoin directly to your @wallet account.

👇 Here's how it works:

Open the promo page in @wallet and start earning tickets by completing simple tasks. The more tickets you get, the better your odds of winning. The total number of tickets you can earn increases by 100 each day.

You can read the full rules here or just take a look at our short FAQ. But in the meantime, here's how many tickets you can get for each action:

🎟 3 tickets for every 10 USDT or 5 TON you deposit into @wallet from an external wallet or exchange;

🎟 3 tickets for sending any amount of USDT or TON to a unique contact on Telegram;

🎟 3 tickets for every 10 USDT or 5 TON purchased with a bank card or on the P2P Market;

🎟 3 tickets for subscribing to our chat (you can find the link on the raffle page).

Every day, we will randomly select 100 winning tickets, whose owners will receive $10 worth of TON in their @wallet account!

🔥 But there’s more: on the last day of the Summer Raffle, we'll randomly choose 3 tickets to share $3,000 worth of TON! All the winners will be announced on our channel daily from 12:00 PM UTC till 01:00 PM UTC, so stay tuned. Good luck to everyone! 🍀

🏆 Join the raffle here !🏆

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TON Community

bemo partners with DWF Labs to launch first liquid staking protocol on The Open Network (TON)

This is a massive event for the TON DeFi sphere.

So, how is liquid staking any different from traditional staking?

Unlike 'regular' staking, the bemo protocol allows Toncoin holders to receive rewards while maintaining control over their digital tokens.

How does it work?

When a user deposits TON into the pool, he is given stTON tokens in exchange, which are equivalent to their share in the pool. These stTON tokens can be used in any DeFi service without the need to remove the staked Toncoin.

DWF Labs has made history by becoming the first liquidity provider to stake TON via bemo. The success of bemo's liquid staking not only confirms the investment potential of The Open Network (TON), but also demonstrates that the broader DeFi trend of liquid staking has a bright future within TON Ecosystem.

bemo plans to continue attracting both private and institutional investors in order to reach its goal of $100M TVL.

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