🤓Education hub: Staking

Friends, welcome to the next installment of our educational segment, where we discuss complex blockchain topics. Today, we’re looking at staking, how it works, and how you can stake your funds:

What is staking?

Staking is the process of locking up crypto in a smart contract to get rewards, usually a percentage of the staked tokens. However, it is impossible to discuss staking without first explaining what proof of stake (PoS) is.

Proof of stake (PoS) is a type of consensus mechanism that is used to confirm transactions and create new blocks. In order to become a validator, a server that validates transactions, an individual needs to stake at least 300,000 TON ($1,633,343 at the time of writing).

For their work, they earn approximately 50,000 TON daily.
The minimum requirement to become a validator is prohibitive for most crypto holders, but TON holders have other staking opportunities available.
Let’s have a look at liquid staking.

What is liquid staking?

Liquid staking protocol allows users to stake their funds. There is no minimum amount requirement. The funds are assigned to one of the existing validators and earn rewards alongside the validator’s crypto.
When liquid staking, users get Liquid Staking Tokens (LSTs) representing their staked TON (1 LST = 1 TON). When users choose to withdraw their staked crypto, they simply exchange their LST for TON.

How to stake your TON?

Tonstakers has recently launched Tonstakers Earn for users who want to maximize the yield of liquid staking. Thanks to the support of TON Foundation, there are additional incentives available until the end of the year. Current yields are up to 58% APR.

TON Earn is part of TON Foundation incentive program launched to popularize the use of native USDt token on TON, launched earlier this year.

Using Tonstakers Earn is simple:

1. Stake TON on Tonstakers to receive tsTON.

2. Put tsTON into the boosted tsTON/USDT liquidity pools on STON.fi and DeDust or into tsTON pool on EVAA.

3. Earn rewards.

👉Please note that Tonkeeper shares news for informational purposes only and does not provide financial advice. Do Your Own Research.

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