Bemo staked TON (stTON) is a derivative token offered by bemo, a pioneering liquid staking platform on The Open Network (TON) blockchain. It represents staked TON on bemo, maintaining liquidity and allowing holders to participate in DeFi applications while accruing staking rewards. stTON tokens can be freely utilized within the decentralized finance (DeFi) ecosystem, providing flexibility and additional opportunities for users to maximize their investments.
The crypto bemo staked TON (stTON) is a liquid staking token that represents staked TON tokens on the bemo platform. Here's how it is used:
- Staking and Liquidity: Users stake their native TON tokens on bemo and receive stTON tokens in return. These stTON tokens can be freely used in DeFi applications, allowing users to maintain liquidity while still earning staking rewards.
- DeFi Participation: stTON tokens can be used to participate in liquidity provision on decentralized exchanges or lending applications, enhancing the yield on the staked TON tokens.
- Unstaking: Users can unstake their stTON tokens at any time, which initiates a cooldown period of 36 to 72 hours. After this period, the stTON tokens are converted back to TON tokens based on the prevailing exchange rate.
- Value Appreciation: The value of stTON tokens appreciates over time as the staked TON tokens earn staking rewards. The price of stTON relative to TON is determined by a smart contract after each validation round, ensuring accurate valuation without the need for external oracles.
Overall, stTON tokens offer a flexible and liquid way to stake TON tokens while still benefiting from DeFi opportunities and staking rewards.
To store bemo staked TON (stTON) tokens, follow these steps:
- Complete the Transaction: After purchasing or staking TON tokens, ensure the transaction is completed.
- Automatic Storage: The stTON tokens will be automatically stored in your blockchain network wallet address.
To buy bemo staked TON (stTON) tokens, follow these steps:
Locate the STTON Trading Pair: Find the STTON trading pair on a decentralized exchange (DEX) platform. These pairs are typically listed as STTON/ETH, STTON/USDT, etc.
Ensure Wallet Funds: Make sure your wallet has enough funds to complete the purchase.
Execute the Trade: Use the DEX platform to execute the trade and acquire the desired amount of STTON tokens.