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About bemo staked TON
Key Points
- bemo is a liquid staking platform on The Open Network (TON) blockchain.
- stTON is a derivative token representing staked TON on bemo.
- bemo allows users to stake any amount of TON tokens, democratizing access to the TON PoS validation process.
- The bemo protocol oversees TON deposits, stTON minting and burning, and validator transactions.
- Users stake TON tokens and receive stTON tokens, symbolizing their share in the TON pool.
- Validators receive TON tokens, and rewards increase the bemo TON pool’s value and stTON value.
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About Bemo Staked TON: Unlocking the Power of Decentralized Finance
Introducing stTON: A Comprehensive Overview
STON is a derivative token offered by Bemo, a trailblazing liquid staking platform built on The Open Network (TON) blockchain. The Bemo platform is specifically designed to cater to individual and institutional TON token holders, providing a non-custodial staking solution that empowers users with complete autonomy over their tokens.
stTON is a liquid staking token, embodying staked TON on Bemo, thereby ensuring liquidity and empowering holders to engage with DeFi applications while simultaneously accumulating staking rewards.
By leveraging the bemo platform, TON holders can seamlessly participate in the network’s validation process, unhindered by the conventional obstacles associated with staking. This includes transcending the need for in-depth blockchain expertise, high-performance hardware, and substantial minimum stakes. Traditional staking often results in illiquidity, as tokens are locked until the conclusion of the validation round. bemo resolves these issues by allowing any amount of TON tokens to be staked, thereby democratizing access to the TON PoS validation process and fostering a more inclusive ecosystem.
How Does stTON Operate?
The Bemo protocol, a sophisticated suite of smart contracts deployed on the TON blockchain, exercises oversight of TON deposits, orchestrates the minting and burning of stTON tokens, and facilitates validator transactions. Furthermore, it is tasked with calculating and distributing staking fees, as well as determining the exchange rate between stTON and TON.
By staking TON tokens, users receive stTON tokens, which represent their proportionate share in the TON pool. The allocation of stTON is determined by the amount of TON staked and the prevailing stTON-to-TON exchange rate.
Validators, crucial in facilitating seamless transaction validations on the TON network, are incentivized with TON tokens. Following the deduction of service fees, the rewards they accrue augment the value of the bemo TON pool, thereby appreciating the value of stTON.
At their discretion, users can opt to unstake their stTON holdings at any time, which initiates a cooldown period that lasts between 36 to 72 hours. Following this brief waiting period, the stTON is automatically converted back to TON, based on the prevailing exchange rate, thereby enabling users to reclaim their TON tokens.
Introducing stTON: A Comprehensive Overview
stTON is a liquid token symbolizing your proportionate stake in the collective TON pool, securely deposited within Bemo.
By design, this value-accruing token appreciates in price due to staking rewards, while the total token supply remains constant. Over time, your deposited TONs generate staking rewards, thereby increasing the value of your stTON.
As TONs deposited in bemo accrue staking rewards, the value of each stTON token appreciates correspondingly. The price of stTON relative to TON is dynamically determined by a smart contract following each validation round. This calculation entails aggregating the total TONs deposited and the staking rewards, deducting any applicable fees, and subsequently dividing the result by the total minted stTONs. This methodology ensures precise valuation, obviating the need for external oracles, as both the staked asset and rewards are denominated in TONs.
The Visionaries Behind Bemo
bemo was conceived by a multidisciplinary team of experts, comprising seasoned professionals from traditional finance, blockchain specialists, and skilled software developers. United by a shared vision, they strive to craft innovative investment products that deliver value to users of all proficiency levels, from blockchain newcomers to seasoned aficionados.
The bemo smart contracts were meticulously crafted by the esteemed team behind the pioneering retail project on TON, Fanzee, a groundbreaking platform revolutionizing sports fan engagement. This seasoned technical team brings a wealth of experience, boasting a seven-year tenure in developing cutting-edge blockchain platforms and applications.