BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Bemo Launches First Liquid Staking Protocol on TON Blockchain

by BlockNews Team
May 25, 2023
in CRYPTO, DEFI, FINANCE, MEDIA
Reading Time: 3 mins read
A A
1
SHARES
18
VIEWS
Share on XShare in TelegramShare on Reddit
  • Bemo has launched the first liquid staking protocol on the TON blockchain in collaboration with DWF Labs.
  • The launch demonstrates a commitment to the development of the TON ecosystem, as it intends to reach USD 100 million in TVL by the end of the year.
  • TON holders will receive staked TON (stTON) after depositing TON on Bemo. Users can begin staking with as little as 1 TON.

Bemo, a leading DeFi platform and liquid staking provider, has launched the first liquid staking protocol on the Open Network (TON) blockchain.

The DeFi platform and DWF Labs, a leading digital asset market maker and top Web3 investment firm, collaborated on the launch.

How does TON liquid staking work?

According to the Bemo website, Bemo liquid staking allows TON token holders to earn passive income through rewards while maintaining complete control over their funds. In addition, the stTON tokens received in exchange for staked TON allow users to earn staking yield while maintaining asset control and the ability to increase yield with DeFi applications.

This allows the staked TON (stTON) received to be transferred, traded, or used in the DeFi ecosystem.

Users can begin staking with as little as one TON, significantly less than the commonly required minimum stake of 10,000 TONs on other platforms.

DWF Labs becomes the first LP to stake TON 

Bemo noted that as the DeFi ecosystem expands, investor interest in liquid staking services is increasing. 

According to the details shared by the bemo team with CoinJournal, the partnership with DWF Labs demonstrates both the teams’ commitment to developing the TON ecosystem and the massive investment potential that TON offers.

Bemo is seeking more institutional investors and private clients as part of its expansion plans. By the end of the year, it hopes to have reached $100 million in TVL.

Lido (stETH), Coinbase Wrapped Staked Ether (CBETH), and Rocket Pool (rETH) are significant competitors in the expanding liquid staking environment. Each platform has more than a billion dollars in staked coins.

According to the announcement, DWF Labs is the first liquidity provider to stake Toncoin (TON) tokens on the TON network.

Tags: BemocryptoLiquid StakingTON Network
TweetShareShare
Previous Post

Coinbase Releases Roadmap for Base Mainnet Launch

Next Post

Ledger Co-Founder Clarifies ‘There is No Backdoor’ in ‘Recover’ Firmware Update

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.