stTON is the core of the bemo liquid staking protocol
To truly comprehend the inner workings of the platform, it is essential to understand the concept of the liquid staking token. Please read the thread that explains how stTON operates.
In the bemo ecosystem, stTON is the liquid staking token you receive when you stake TON tokens. This token represents your stake position within the platform's stake pool. bemo delegates these tokens to validators for TON blockchain maintenance and rewards.
As a value-accruing token, stTON's price increases while the total number of tokens remains constant. The stTON/TON price is determined by the smart contract after each validation round, taking into account the total TONs deposited, staking rewards, and fees, divided by the minted stTONs.
The exchange rate of stTON/TON updates based on the staking rewards earned by TON tokens staked on the bemo platform. As these rewards are distributed, the price of stTON rises, reflecting the increased value of the underlying TONs.
For instance, suppose the current stTON price is 1.2 TON, and the staking rate is 10% per year. When you stake 1.2 TON with bemo, you receive 1 stTON. After a year, the price of 1 stTON will be 1.32 TON (10% higher), allowing you to exchange 1 stTON for 1.32 TON.
Every stTON holder has the flexibility to unstake their tokens at any time, following a cooldown period of 36-72 hours. By doing so, they can retrieve their original TONs along with the accrued rewards. Since stTON is fully backed by the bemo stake pool, there is no risk of a fundamental depeg within the application.
#stTON #liquidstaking #bemo
To truly comprehend the inner workings of the platform, it is essential to understand the concept of the liquid staking token. Please read the thread that explains how stTON operates.
In the bemo ecosystem, stTON is the liquid staking token you receive when you stake TON tokens. This token represents your stake position within the platform's stake pool. bemo delegates these tokens to validators for TON blockchain maintenance and rewards.
As a value-accruing token, stTON's price increases while the total number of tokens remains constant. The stTON/TON price is determined by the smart contract after each validation round, taking into account the total TONs deposited, staking rewards, and fees, divided by the minted stTONs.
The exchange rate of stTON/TON updates based on the staking rewards earned by TON tokens staked on the bemo platform. As these rewards are distributed, the price of stTON rises, reflecting the increased value of the underlying TONs.
For instance, suppose the current stTON price is 1.2 TON, and the staking rate is 10% per year. When you stake 1.2 TON with bemo, you receive 1 stTON. After a year, the price of 1 stTON will be 1.32 TON (10% higher), allowing you to exchange 1 stTON for 1.32 TON.
Every stTON holder has the flexibility to unstake their tokens at any time, following a cooldown period of 36-72 hours. By doing so, they can retrieve their original TONs along with the accrued rewards. Since stTON is fully backed by the bemo stake pool, there is no risk of a fundamental depeg within the application.
#stTON #liquidstaking #bemo
Today we're thrilled to remind you again about bemo's Liquid Staking benefits!
💧With bemo, a first-of-its-kind service for $TON, you can now convert your TON into stTON tokens, unlocking the power of Liquid Staking.
🔐 Secure, flexible, and efficient, bemo's Liquid Staking lets you earn rewards while maintaining liquidity.
💰No more choosing between staking and liquidity. With stTON, you can have both!
🥇As pioneers in this space, we're committed to providing innovative solutions that maximize your crypto potential.
Join us at bemo and start your Liquid Staking journey
#bemo #LiquidStaking #stTON #CryptoInnovation #DeFi
💧With bemo, a first-of-its-kind service for $TON, you can now convert your TON into stTON tokens, unlocking the power of Liquid Staking.
🔐 Secure, flexible, and efficient, bemo's Liquid Staking lets you earn rewards while maintaining liquidity.
💰No more choosing between staking and liquidity. With stTON, you can have both!
🥇As pioneers in this space, we're committed to providing innovative solutions that maximize your crypto potential.
Join us at bemo and start your Liquid Staking journey
#bemo #LiquidStaking #stTON #CryptoInnovation #DeFi
🚀 Get ready for lift-off! The $stTON / $TON pool has launched!
By providing liquidity for the pool on STON.fi, you have the opportunity to earn up to 0.2% fees on all trades. Experience a high APY ranging from 10% to 20%.
Take a look at this exciting opportunity right here
#bemo #LiquidStaking #stTON #DeFi
By providing liquidity for the pool on STON.fi, you have the opportunity to earn up to 0.2% fees on all trades. Experience a high APY ranging from 10% to 20%.
Take a look at this exciting opportunity right here
#bemo #LiquidStaking #stTON #DeFi