TON Staking

What is Staking

Staking means maintaining the work of a blockchain through the stake of your cryptocurrency on a wallet or special platform and subsequent reception of rewards.

Unlike mining, staking does not require special equipment; you only need to deposit the native cryptocurrency to start receiving rewards.

What is Liquid Staking, and what’s its difference from Traditional Staking

Traditional staking involves locking up jettons to secure blockchain operations. Liquid Staking allows you to get the rewards without needing to lock your crypto assets directly. Unlike traditional staking, with Liquid Staking, you can continue using received jettons in Decentralized Finance (DeFi) projects. Such kind of staking also increases flexibility in blockchain operations by issuing new jettons against staked TON.

Tonstakers created an article about Traditional Staking vs. Liquid Staking, you can read it here.

How can I stake TON via Liquid Staking

You can do it with the help of Tonstakers.

Tonstakers is a liquid staking provider that allows to stake TON and receive rewards, without needing the large amount of TON to run your own validator node.

Staking TON with Tonstakers gives a tsTON jetton, which represents your stake. This jetton can be used across DeFi even while your cryptocurrency is staked.

More on Tonstakers can be found on their website.

What are the benefits of staking my TON with Tonstakers

Staking with Tonstakers allows to:

  • gain an APY on staked TON;
  • generate tsTON jettons for more flexibility on the blockchain operations. By providing tsTON jettons as liquidity, you can earn additional income;
  • stake with as low as 1 TON.
  • use decentralized staking platform, meaning Tonstakers does not have any access to the deposited assets.

What is APY

APY (Annual Percentage Yield) refers to the annual rate of return expressed as a percentage. It represents the annual profit you can expect to earn by staking your TON in TON Space.

You will be able to see the approximate reward you could receive in 3-12 months when entering the amount you wish to stake.

APY is not constant and can change over time for several reasons, including the performance of the network and its validators, as well as changes in liquid staking terms. Also, APY is calculated in jettons, so the resulting earnings in fiat equivalent might be different because of jetton price fluctuations.

What is tsTON, and what can I do with it

tsTON is the jetton of the Tonstakers Liquid Staking Protocol. tsTON can be used like any other Jetton. It can be held, swapped, used within DeFi applications, or sent to other TON blockchain addresses.

In the process of Liquid Staking with Tonstakers, you stake TON in the blockchain. For each TON staked you receive a tsTON jetton. You can use your tsTON jettons on other DeFi applications or swap them back to TON any time, and receive the TON you initially staked + reward amount.

What is the value of tsTON compared to standard TON

1 tsTON will be worth more than 1 TON because its value includes all TON staked plus all rewards accumulated in the pool. Thus tsTON will only get more valuable over time. When tsTON is unstaked, swapped later, or otherwise sold, more TON will be received than initially staked.

How can I stake TON? Is it possible to unstake them after

You can stake your TON in the dedicated tab on the main page of TON Space. Tap on the option, enter the amount of TON you would like to stake and confirm the operation

You can unstake TON in the “Earn” tab by tapping on “Staked” button. Enter the amount of TON you would like to unstake, and confirm the operation.

How long does it take to stake or unstake TON

Unstaking depends on the selected type. “Instant” type is processed within a minute, while the “Best rate” is processed by the end of the validation cycle, which can take up to 27 hours.

Otherwise, both staking and unstaking transactions are instant and take around a minute to be processed.

Where and when are my staking returns deposited

The returns will be deposited to the connected TON Space. The reward processing time depends on the unstaking type you chose.

Is there any minimum or maximum amount required to stake

At least 1 TON is required to stake. You will also need to pay the blockchain fee, it can be anything between 0.02 – 1.05 TON.

So be ready to prepare at least 2.05 TON: 1 TON for the minimum staking amount, and the rest for the network fees.

There is no maximum amount that you can stake.

Is there any minimum amount required to unstake

You need to have at least 1.05 TON on your TON Space wallet balance to be able to unstake. The commission may vary from 0.02 to 1.05 TON.

After the withdrawal transaction is confirmed, the rest of funds, deducting the fee, will be returned to your wallet.

Should I pay fees to stake TON

You only cover the TON blockchain network fees for staking and unstaking transactions.

Tonstakers uses open-source smart contracts, which underwent a comprehensive security audit by CertiK, a leading Web3-security platform. Tonstakers does not have access to your crypto even after you connect your wallet due to it being a non-custodial service.  

Though before participating in any activities connected to crypto, we encourage you do your own research and due diligence on the possible risks of the services you wish to use. Please read the information on the possible risks on the Tonstakers’ website.