bemo Staked TON (STTON)
bemo is a pioneering non-custodial liquid staking protocol designed for The Open Network (TON) blockchain. It represents a significant innovation in the TON ecosystem as the first liquid staking application, providing users with enhanced flexibility and opportunities within the decentralized finance (DeFi) landscape. By facilitating the staking of TON tokens and the issuance of stTON tokens, bemo enables users to earn staking rewards while actively participating in DeFi activities.
The Open Network (TON) blockchain
The Open Network (TON) blockchain serves as the foundational platform for bemo. Originally developed by the team behind Telegram, TON is a decentralized network designed for fast and secure transactions. It supports a wide array of applications, including DeFi, due to its scalability and efficiency.
| Ticker | STTON |
| Category | Liquid Staking Tokens |
| Website | https://bemo.fi/ |
| @bemo_finance | |
| Telegram | bemofinanceENG |
| Contract Addresses | |
|---|---|
| the-open-network | EQ...0k Copied! |
How bemo works
bemo operates by allowing users to stake their TON tokens within its application. This process involves a smart contract that manages the exchange of TON for stTON tokens, which represent the user's share in the staking pool. After staking, users receive stTON tokens, which can be utilized throughout the DeFi ecosystem.
The staking process
Users initiate the staking process by transferring TON tokens to the bemo app. Once the transaction is confirmed, they receive an equivalent amount of stTON tokens, calculated based on the current exchange rate between stTON and TON. These stTON tokens can be freely used in various DeFi activities, such as providing liquidity or lending.
Earning staking rewards
The staked TON tokens contribute to the overall staking pool, which supports the TON blockchain's operations. As a reward for supporting the network, users earn staking rewards. These rewards are distributed after each validation round, with a small fee deducted by bemo. The rewards are reinvested into the staking pool, increasing its size and, in turn, the value of stTON tokens.
The bemo incentive program
bemo has introduced an Incentive Program designed to engage users and enhance their understanding of DeFi on the TON blockchain. This program offers additional benefits beyond the standard staking rewards, encouraging users to actively participate in the ecosystem.
Earning stXP and $BMO tokens
Through the Incentive Program, users can earn stXP by performing various actions with their stTON tokens. These actions include minting, holding, providing liquidity for decentralized exchanges (DEX), and lending. stXP represents a form of acknowledgment for these activities, incentivizing user engagement. In Q4 2024, bemo plans to enable users to convert their accumulated stXP into $BMO tokens, offering further opportunities within the bemo ecosystem.