Liquid staking on a TON. Disassembly.

TON from the sale of kingyTON collection are lying untouched and in order not to lose profitability, I'm always looking for ways to get good interest on them.

At first, I put in TON Whales, but after the smart contract of nominators appeared, I put half in a pool to the TON Foundation. There 40% to them, 60% to contributors. It wasn't bad, as there wasn't much choice, and "putting my eggs in one basket" wasn't right.

Some time later, 20/80% pools appeared, where 80% went to the user, and I moved most of TON to ton.app (to Oleg Illarionov), where they are now.

Now there is liquid staking. For those who don't know, it's the same as the usual one, only if the entry threshold was from 10,000 TON, here it's from 1 TON and you get a "zasteykany TON", each project has its own token name. So far 3 liquid staking protocols have been launched tonstakers, bemo and Hipo, the fourth one from TON Whales is coming.

Let's break down the yield. If we put in nominators 20/80, the profit is divided as follows:
20% to the owner (equipment rental, staff, etc.)
80% to the user. It turns out that investors get ±4.3% of the invested TON and nothing else.

Coming to tonstakers. They use an official opsensors contract. On the site it is stated 4.58%, which is higher than the nominee yield, the essence is the same, only for the fact that you put your TON, you get a liquid TON (tsTON), with which you can work further. For example, you can make transactions or put it in a liquidity pool with TON and if someone will make an exchange through DEX (only STON), you can get a commission on top. Now there is a promotion on farming, for which they give an additional 7200 STON for everyone, but this is a temporary story (until December 1). The big plus is the integration directly into Tonkeeper.

Then we go to bemo, the essence as in the project above, but there 4.24% yield for the last 3 months and its own contract. For the fact that we put TON we get zasteykanye TON (stTON), which can be used as you want, for example, put in a pool on DeDust.io and get more commission on top. But they have a rewards program that gives XP for storing, trading and any other activity with their staking TON. XP can be exchanged for $BMO token, which will be a token of the platform and will be worth something. It turns out that in addition to staking and commission for depositing liquidity on DEX, you will get a bonus in the future.

And Hipo. They were launched only on October 30, so the yield on the site is 4.58%. They also have their own opsource contract. What distinguishes them from their competitors is the protocol commission. It turns out that they do not charge 20/80 like everyone else, but 6.25/93.75. I don't understand why they did it this way, but they win on profitability and staking is made in favor of depositors. There is also a referral program that gives 50% bonus for referred depositors from the protocol commission, that is 3.125%. Among the first depositors will share 1% of their tokens, but there is no information yet.

The only confusing thing about liquid staking on TON is the beta markings on the sites. This is due to the ability to make edits to smart contracts before they are audited by third-party organizations like Certik. Right now tonstakers has 85% progress and bemo has 79% progress. Plus it takes time to fix bugs if they are found. Hopefully after that the beta will be cleaned up and you can confidently give them your TONs for safekeeping.

The point of the post is that by using regular staking, you are losing out on potential extra profit.

It's time to take your TONs out of nominators and staking and pour them into liquid staking, thus earning not only on staking, but also on participation in activities. Where exactly to put them is up to you.

In the next posts I will talk about the importance of audits on the example of liquid staking.

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$KINGY: DEX DeDust.io and xRocket.