Decentralization à la Durov

Pavel Durov plays a double game...

First, he criticizes Apple for its monopoly and for deciding which apps can stay in the App Store. Yet, Telegram removes mini-apps from other blockchains unless they use TON as their primary cryptocurrency for $300M.

Then, he claims that TON is becoming highly decentralized and welcomes new validators. However, he raises the minimum threshold for validation participation to 1M TON. Small businesses and DeFi projects in TON are already struggling, and such decisions only make it harder for them.

Today, Hipo Finance announced they dropped out of the validation cycle. The reason is simple - a major holder (TON Foundation) withdrew funds, and the project no longer meets the minimum TON requirements.

Meanwhile, Tonstakers, led by Durov's friend, profit from commissions and validation, making it increasingly difficult for independent players to compete.

For context: Tonstakers' yield is currently 14.55%, while Hipo's reached 17.88% in the same cycle. The difference in yield is someone's extra earnings, and we know whose As of today, Hipo remains one of the most profitable staking options in the TON ecosystem.

If you care, let's fight monopolization. Move your TON to Hipo. They need about 400K TON to return to the validation cycle, after which maximum yield will be available again.

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