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<p>The post <a href="https://coinpedia.org/information/bemo-your-trusted-manual-on-ton-liquid-staking/" rel="noopener noreferrer nofollow">Bemo: Your Trusted Manual On TON Liquid Staking</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>As the TON blockchain continues to break boundaries in the blockchain space, with its revolutionary entrance into the world of DeFi, the <a href="https://bemo.finance/" target="_blank" rel="noopener noreferrer nofollow">bemo</a> liquid staking app has made staking on TON more accessible and rewarding for all.&nbsp; bemo is a ‘handbook’ that guides you in making the best out of TON liquid staking.&nbsp;</p>
<p>According to data by <a href="https://defillama.com/chain/TON?currency=USD" target="_blank" rel="noopener noreferrer nofollow">DeFi Llama</a>, total value locked (TVL) within various DeFi platforms on the TON blockchain hit $200 in May 2024. The value is a 300x increase from the start of the year. With its rising potential, TON blockchain is attracting more users, developers, and investors alike. As more people get on board to explore the staking opportunities on TON, the bemo liquid staking app is designed to guide and provide them with a seamless staking experience.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="h-how-ton-staking-works-on-bemo">How TON Staking Works on bemo</h2>
<p>When users stake their TON tokens on bemo smart contract, they will receive an equivalent amount of stTON in return. stTON is a liquid representation of users’ stake in the total TON pool within the bemo protocol. These stTON tokens are designed to appreciate over time. As users deposit their TONs in the staking process to generate rewards, the value of the stTON tokens grows proportionately. As users hold these stTON tokens, they can earn passive income without the need to trade or participate actively in other activities.&nbsp;</p>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="https://image.coinpedia.org/wp-content/uploads/2024/05/22103213/image-501-1024x576.png" alt="bemo-ton-pool" class="wp-image-306178" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/22103213/image-501-1024x576.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/22103213/image-501-300x169.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/22103213/image-501-768x432.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/22103213/image-501-390x220.png 390w, https://image.coinpedia.org/wp-content/uploads/2024/05/22103213/image-501-150x84.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/05/22103213/image-501.png 1536w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The price of stTON is determined by the bemo smart contract. To do this, the smart contract adds the total TON tokens deposited into the bemo pool and the corresponding staking reward earned on them. From the sum, the smart contract removes the protocol fees (20% of the staking rewards earned by a user). This commission is only taken from the staking reward and not from the pool. The staking reward, after deducting commissions, goes into the pool. If the pool is divided by the total number of stTON, there will be a price of stTON to TON. This process ensures that the price of stTON accurately reflects the value of assets in the bemo staking pool.&nbsp;</p>
<p>For example, when a user stakes 10 TON tokens, the user automatically receives ten stTON tokens. This means the price is 1 to1 for TON and stTON. The deposit earns a yearly staking reward of about 4%, which adds 0.4 TON to the initial deposit, increasing it to 10.4 TON coins. As the TON pool value increases, there will also be a proportionate increase in the price of stTON tokens, to 1.04 TON for 1 stTON. Although the staker’s stTON balance remains 10, it generates more value per token.&nbsp;</p>
<p>Unlike the conventional staking models where users lock up their assets, stTON token holders can freely utilize their tokens across any DeFi service. Since stTON is integrated into all top TON-based apps like DEXs (DeDust, STON.fi, Megaton Finance, and TegroFinance) and lending protocols (EVAA), it can be used for trading, providing liquidity, and as collateral for loans.&nbsp;</p>
<p>In the end, bemo users enjoy benefits from both the utility of their tokens in various DeFi services and the passive income generated by the increasing value of their stTON holdings. This approach provides Bemo users with the flexibility to optimize various investment strategies.</p>
<h2 class="wp-block-heading" id="h-why-choose-bemo-over-others">Why Choose bemo over Others?</h2>
<p>As the first and currently one of the leading liquid staking apps on the Open Network blockchain, bemo allows users the flexibility to stake their TON tokens while also maintaining liquidity to engage in other DeFi activities. Additionally, the high efficiency and scalability of the TON blockchain enable a seamless staking experience for bemo app users. bemo does not have minimum stake requirements. Therefore, stakers of all sizes can participate.&nbsp;</p>
<p>The liquid tokens offered to TON stakers allow them to keep participating in DeFi activities, thereby increasing their earning potential while they still enjoy staking rewards. There is currently an ongoing bemo incentive program designed to give bemo users a chance to be part of a future bemo token airdrop.&nbsp;</p>
<h2 class="wp-block-heading" id="h-the-bemo-incentive-program-and-upcoming-airdrop">The bemo Incentive Program and Upcoming Airdrop</h2>
<p>As a way to thank its users for continued engagement, bemo integrated an incentive program to allocate stXP to users. These stXPs are points that stakers their activity within and outside the bemo protocol. Accumulating these stXP tokens will qualify users for future bemo airdrops, where they will be rewarded with actual bemo ($BMO) native utility tokens.&nbsp;</p>
<p>bemo users can farm stXP by getting involved in different activities with stTON tokens, such as:</p>
<ul>
 <li>Stake TON coins on bemo and earn one stXP for every minted stTON</li>
 <li>Holding stTON for more than 3 months and 1000 TONs or more will earn you more points.</li>
 <li>Join liquidity pools for stTON pairs on DEXs partnered with bemo.&nbsp;</li>
</ul>
<h3 class="wp-block-heading" id="h-4-steps-to-getting-started-on-bemo">4 Steps To Getting Started on bemo</h3>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="611" src="https://image.coinpedia.org/wp-content/uploads/2024/05/22103404/image-503-1024x611.png" alt="bemo-liquid-staking
" class="wp-image-306180" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/22103404/image-503-1024x611.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/22103404/image-503-300x179.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/22103404/image-503-768x458.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/22103404/image-503-1536x916.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/22103404/image-503-150x89.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/05/22103404/image-503.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>To join, here is how to get started in 5 simple steps.</p>
<p><strong>Step 1</strong>: Visit the bemo <a href="https://app.bemo.finance/" target="_blank" rel="noopener noreferrer nofollow">desktop</a> or <a href="https://t.me/bemo_finance_bot" target="_blank" rel="noopener noreferrer nofollow">Telegram app</a></p>
<p><strong>Step 2</strong>: Connect your TON wallet</p>
<p><strong>Step 3</strong>: Stake any amount of TON tokens</p>
<p><strong>Step 4</strong>: Find stTON tokens minted to your wallet and use them as you wish.</p>
<p><strong>Step 5</strong>: Watch your stXP balance in the Rewards section.</p>
<h2 class="wp-block-heading" id="h-conclusion">Conclusion</h2>
<p>With bemo, users enjoy the best of both worlds, as they earn staking rewards while their assets remain liquid. This allows TON holders to explore other opportunities within the DeFi space. As the TON DeFi ecosystem continues to grow, the possibilities for users to maximize their assets are bound also to increase. Visit the <a href="https://bemo.finance/" target="_blank" rel="noopener noreferrer nofollow">bemo website</a> today for more information and guide to maximize your assets.&nbsp;</p>

Bemo: Your Trusted Manual On TON Liquid Staking

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