Tonstakers Review: Top Unique Staking Platforms On TON Blockchain

Tonstakers is the top liquid staking project with TVL on Ton. What is special about this platform? Let’s find out with Coincu through this Tonstakers Review article.

Table Of Contents

What is Tonstakers?
How Does Tonstakers Work?
Highlights
How to Use Tonstakers
tsTON Token
Why Choose Tonstakers?
Partners
Growth Potential
Conclusion
FAQs

What is Tonstakers?

Tonstakers is a liquidity staking platform on The Open Network, affording users an opportunity to yield their Toncoin while retaining full control over their funds. Its nature allows both small and large-scale holders to utilize it without the onus of running validator nodes or locking up their tokens for extended periods of time.

The platform has a low entry requirement – users can start staking with as little as 1 TON. It also allows constant control over one’s staked assets, which is not always possible with more traditional means of staking.

Tonstakers contains a unique cryptocurrency called tsTON that can be used or bartered within the TON network when users stake on it. In the case of the platform, the development refers to the Annual Percentage Yield, which gives a rough view of what a return could look like if someone were taking over a year.

The platform pools together to fully empower the users’ collective staking power so that even smallholders can receive the staking reward and, in their own way, contribute to the overall security of the TON blockchain. Presently, Tonstakers has collected around $230 million in TVL.

How Does Tonstakers Work?

Tonstakers allows for fluent staking of Toncoin in a way that’s easy and provides rewards for participants. It starts with the connection of a wallet, for instance, a Tonkeeper, to the Tonstakers web application.

By connecting, users will be able to deposit their Toncoin into the staking pool seamlessly. The platform handles everything on the technical side of staking: it delegates the coins to validators within the Ton blockchain. Therefore, users enjoy all the benefits of staking without needing to be experts in blockchain mechanics.

While staking their Toncoin, users receive tsTON tokens. These tokens represent the staked assets of users and all their rewards, which build up gradually over time. tsTON tokens can be used for various kinds of DeFi activities. That means even while staking, one can take part in trading or yield farming, which may increase one’s potential to develop a better investment strategy.

Users are also allowed to withdraw their Toncoin or to re-invest the rewards at their discretion. Tonstakers will provide a good avenue through which users can look for balance in security and growth prospects in the dynamic cryptocurrency market.

Highlights

Ease of Use for All

The minimum stake required on Tonstakers is just 1 TON, breaking traditional barriers to entry in the staking landscape. The stakes will be as low as possible to grant more people the chance to take part in staking and make this activity more inclusive than before.

User-Friendly Experience

Tonstakers focuses on simplicity: users who would like to participate in staking don’t have to be deep into blockchain technology.

Increased Profitability

The platform rewards users with tsTON tokens, which unlock additional options to increase earnings. With the interaction of the user in the DeFi protocols, there can be a heightened yield for maximum stake rewards.

Robust Security Protocols

Among others, security is a cornerstone for Tonstakers. The platform uses open-source smart contracts. Besides, it has undergone serious auditing by CertiK, a very trustworthy and reliable way. What is more, to enhance its security, a bug bounty program is integrated into the platform. The funds are decentralized and non-custodial, which means users always have complete control over them.

Flexible Unstaking Options

The most evident benefit of Tonstakers is flexibility: it is possible to unstake one’s assets at any moment without being obliged to a specific validation cycle, which is considered a very liquid position that traditional staking models normally cannot offer.

How to Use Tonstakers

Follow these steps to stake your TON effectively:

Step 1: Access the Staking Page

Navigate to the Staking section on the platform.

Step 2: Connect Your Wallet

Click the “Connect Wallet and Stake” button located in the centre of the page or select “Connect Wallet” from the top right corner. Choose your wallet and authorize access to the Tonstakers decentralized application.

Step 3: Specify Your Stake Amount

Input the quantity of TON you wish to stake. The table below will display the estimated annual rewards based on the current Annual Percentage Yield (APY).

Step 4: Confirm Your Stake

Click the “Stake” button and validate the transaction through your wallet.

Step 5: Start Earning Rewards

Your TON is now staked with Tonstakers, allowing you to earn rewards. You can withdraw your stake at any time by exchanging your tsTON for the corresponding amount of TON, along with any accrued rewards.

tsTON Token

What is tsTON?

tsTON is an ERC-20 Tonstakers token or jetton, serving as a representative of its users’ shares in the Tonstakers TON staking pool. Once TON is deposited into this staking pool, Tonstakers mints equivalent tsTON tokens and transfers the tokens to wallet addresses of its users. If users decide to unstake, the protocol burns the tsTON tokens of these users and returns the staked TON along with accrued rewards.

These tokens are fungible, liquid, and of value, so one can trade them on DEXes or use them in many different DeFi applications.

Value of tsTON

The value of tsTON is higher than that of one TON due to its intrinsic value, which includes all the TON staked in the Tonstakers pool with accrued rewards.

While at the time of the Tonstakers launch, tsTON was pegged against 1 TON, its value appreciated to 1.0407 TON and keeps on growing with time and staking rewards mounting.

Why Choose Tonstakers?

Tonstakers has found its niche by applying an innovative liquid staking model. Whereas traditional staking platforms commonly require their users to freeze their funds for certain periods, Tonstakers does quite the opposite.

The platform gives users an avenue through which they can stake their Toncoin and receive tsTON tokens in return. The flexibility in staking allows participation in various DeFi activities without having to give up access to their staked assets.

Tonstakers also attracts novices and professional investors with its competitive APYs, which aim to improve the user’s cryptocurrency portfolio. Its security stands out among the best, with an open-source framework and strong security protocols, which makes it very different from most options available.

The staking platform also focuses on customer support and community involvement so users can share their knowledge and expertise. Due to its distinctive offers, Tonstakers will be well-positioned for any user looking to maximize their potential in a safe and comfortable staking process.

Partners

Tonstakers has a strong network of partnerships as the project collaborates with other platforms on the TON blockchain, such as TON Core Developers, Tonkeeper, TOP Labs, OKX, and Staking Rewards.

Growth Potential

Tonstakers has a lot of promise when it comes to investment growth, especially for those treading the volatile waters of cryptocurrency. The platform gives users the ability to stake Toncoin for rewards in tsTON, giving investors a path to tap into both capital appreciation and passive income.

Liquidity is one of the main advantages of the platform, it stays in the market fluctuations and at the same time, one can enjoy staking rewards in it. Investors can shift asset allocation without compromising staking rewards quickly.

Tonstakers also offers a competitive APY, making the staking of Toncoin even more attractive. In this growing demand for Toncoin, the possibility of price appreciation added to staking rewards promises huge returns. Besides, liquid tokens offered by the platform introduce users to other great opportunities in DeFi to maximize their returns in many ways.

Conclusion

Tonstakers offers attractive options for investors who want to participate in the staking process on the TON blockchain. For those who want to maximize their potential in a safe environment, this is a worthy platform to choose. Hopefully, our article has provided you with useful information about this staking platform.

FAQs

Is Tonstakers safe to use?

Yes. The project has been developed in collaboration with TON core developers and has open source contracts that have been audited by CertiK. The staking platform operates on a non-custodial basis, meaning users are always in control of their assets.

How can I exchange tsTON back to TON?

The most efficient way is to unstake TON. The platform will automatically burn tsTON and return the original staked TON amount plus the accumulated rewards. Alternatively, you can exchange tsTON for TON on Ston.fi or another DEX in the TON ecosystem.

How long does it take to stake or unstake TON from Tonstakers?

Staking is instant. Your TON will be sent to the pool immediately and will start generating rewards in the next validating cycle.

The unstaking time depends on the unstake type selected. It is processed within a minute for the “Instant” type or at the end of the validating cycle (up to 27 hours) for the “Best Rate” type.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.