Forward from: The Daily TON
π How to earn double rewards for staking TON?
β«οΈ Recently, the derivative token $tsTON from the popular staking platform on TON, Tonstakers, was listed on the decentralized exchange DeDust.io. Shortly after, TON Foundation allocated boosts for the tsTON/USDT and stTON/USDT pairs (stTON being the token from bemo) to attract more liquidity.
β«οΈ The rewards were initially set for only two days, and it seems the experiment was deemed successful, as the boosts have now been extended for an additional three days. So, whatβs the current situation with these pairs?
tsTON/USDT: 46% APR, with 601 TON distributed daily.
stTON/USDT: 48% APR, with 232 TON distributed daily.
β«οΈ According to DefiLlama, Tonstakers ranks as the top protocol on TON in terms of TVL, with $174.09M, while the liquid staking service bemo holds the fourth spot with $60.86M. However, TVL from staking platforms is not counted towards the overall blockchain TVL, which is why the decision was made to promote these pairs on DEX, encouraging users to move liquidity there.
β«οΈ Can you profit from this? Yes, especially while the boosts are active. As a reminder, liquid staking is a protocol that allows users to lock up their TON and receive derivative tokens in return, which gradually increase in value (usually 3-4% annually). Now, you can add these tokens to a pool on DeDust.io and farm additional rewards for providing liquidity. Just don't forget about the potential risks of impermanent loss.
@thedailyton
β«οΈ Recently, the derivative token $tsTON from the popular staking platform on TON, Tonstakers, was listed on the decentralized exchange DeDust.io. Shortly after, TON Foundation allocated boosts for the tsTON/USDT and stTON/USDT pairs (stTON being the token from bemo) to attract more liquidity.
β«οΈ The rewards were initially set for only two days, and it seems the experiment was deemed successful, as the boosts have now been extended for an additional three days. So, whatβs the current situation with these pairs?
tsTON/USDT: 46% APR, with 601 TON distributed daily.
stTON/USDT: 48% APR, with 232 TON distributed daily.
β«οΈ According to DefiLlama, Tonstakers ranks as the top protocol on TON in terms of TVL, with $174.09M, while the liquid staking service bemo holds the fourth spot with $60.86M. However, TVL from staking platforms is not counted towards the overall blockchain TVL, which is why the decision was made to promote these pairs on DEX, encouraging users to move liquidity there.
β«οΈ Can you profit from this? Yes, especially while the boosts are active. As a reminder, liquid staking is a protocol that allows users to lock up their TON and receive derivative tokens in return, which gradually increase in value (usually 3-4% annually). Now, you can add these tokens to a pool on DeDust.io and farm additional rewards for providing liquidity. Just don't forget about the potential risks of impermanent loss.
@thedailyton