When TON meets LSDfi
bemo, the pioneering liquid staking platform on the @ton_blockchain, simplifies staking of $TON and contributes to the development of the #TON ecosystem.
Let's dive into the exciting use cases of $stTON: ππ§΅
#DeFi #LSDfi
You can use the bemo app to stake your $TON and receive $stTON in return.
stTON is liquid staking tokens, which you can use in the DeFi space as regular tokens.
#LSDfi is a term that refers to DeFi applications that support liquid staking tokens.
It has gained a lot of attention due to its many potential uses.
LSDfi is vital in any DeFi ecosystem, and #TON is no exception.
twitter.com/bemo_finance/status/1682372950316707840?s=20
π§ Liquidity Provision
You can now provide liquidity for the $stTON/$TON pair on @ston_fi. Doing so can earn staking rewards and fees from pool trades, boosting your returns.
More DEXes will soon support stTON.
π¦ Collateral
You could have used stTON as collateral in TON DeFi apps.
For instance, stTON could be supported by lending protocols such as @evaaprotocol. It would also be beneficial if the leveraged trading platform @storm_trade_ton accepted TON as collateral.
π Yield strategies
With stTON, you can design your own strategy using different pools and leverage trading.
In the future, the TON ecosystem will have DeFi apps that utilize stTON for profitable advanced yield strategies.
One potential candidate is @TONK_FINANCE.
πͺ Stablecoins backed by stTON
$stTON can be collateral for stablecoins, providing a reliable yield through staking.
The @aquaprotocolxyz is currently developing $AquaUSD stablecoin using $stTON as collateral.