🚀 How TON Foundation boosts the ecosystem
⚫️ On Sunday, a substantial boost of 700,000 TON was introduced for liquidity providers in the TON/USDT pair on DeDust.io. Many users immediately started to invest their funds into the pool, especially since, together with previous boosts, the total reward volume reached 1,580,000 TON — impressively large, right?
⚫️ Today, TON Foundation decided to go even bigger, adding a new boost of a whopping one million TON to the pool. Thus, the reward size reached 2,580,000 TON or $18M, and the daily distribution increased to 48,885 TON, maintaining the pool’s yield at 162% APR even with a total liquidity of $77M.
⚫️ In the TON ecosystem, users are accustomed to securing their earnings in TON or USDT, so it’s common to find a significant amount of these two tokens idling in wallets. Thus, putting them into a pool with such a high annual percentage rate seems like an attractive idea.
⚫️ While the TON rate is currently relatively stable, it's important not to overlook impermanent losses — funds that you might earn less on or even lose if the token’s price changes significantly. For those wary of such losses, $SCALE staking with an APR of 25.5% is always available on DeDust.io.
💡 It’s encouraging to see TON Foundation consistently investing in key ecosystem tools, incentivizing liquidity providers on DEX in such an important pair as TON/USDT. We look forward to seeing 1B USDT on TON Blockchain by November and the complete transition from the wrapped jUSDT.
@thedailyton
⚫️ On Sunday, a substantial boost of 700,000 TON was introduced for liquidity providers in the TON/USDT pair on DeDust.io. Many users immediately started to invest their funds into the pool, especially since, together with previous boosts, the total reward volume reached 1,580,000 TON — impressively large, right?
⚫️ Today, TON Foundation decided to go even bigger, adding a new boost of a whopping one million TON to the pool. Thus, the reward size reached 2,580,000 TON or $18M, and the daily distribution increased to 48,885 TON, maintaining the pool’s yield at 162% APR even with a total liquidity of $77M.
⚫️ In the TON ecosystem, users are accustomed to securing their earnings in TON or USDT, so it’s common to find a significant amount of these two tokens idling in wallets. Thus, putting them into a pool with such a high annual percentage rate seems like an attractive idea.
⚫️ While the TON rate is currently relatively stable, it's important not to overlook impermanent losses — funds that you might earn less on or even lose if the token’s price changes significantly. For those wary of such losses, $SCALE staking with an APR of 25.5% is always available on DeDust.io.
💡 It’s encouraging to see TON Foundation consistently investing in key ecosystem tools, incentivizing liquidity providers on DEX in such an important pair as TON/USDT. We look forward to seeing 1B USDT on TON Blockchain by November and the complete transition from the wrapped jUSDT.
@thedailyton