Bemo has made the announcement that it has efficiently launched the primary liquid staking protocol on the TON distributed ledger technology in collaborarion with DWF Labs.
In return for TON, Bemo consumer will get stTON tokens, which characterize a portion of the pool of TON tokens staked utilizing the Bemo utility, in keeping with the data from Bemo shared with Brokers.
Notably, conventional staking providers aren’t the identical as liquid staking since liquid staking offers TON token holders the flexibility to earn rewards whereas nonetheless sustaining full entry to their funds.
Bemo absolutely manages the validation course of, which eliminates considerations over technical necessities or any prior staking expertise. There may be additionally no minimal quantity of TON tokens required to make use of the applying.
Parnetship with DWF Labs
The partnership with one of many high digital belongings funding companies, DWF Labs, solidifies the significance of liquid staking providers as a driving pressure within the improvement of DeFi.
Certainly, the launch of Bemo, exemplifies not only a dedication to cultivating the TON ecosystem but in addition the immense funding potential of The Open Community.
Earn staking yield on Bemo
Each consumer might now earn staking yield whereas preserving asset possession and the choice to boost yield utilizing decentralized finance (DeFi) apps.
Lastly, bemo intends to attract in particular person traders in addition to institutional traders to hitch its platform, with the last word objective of reaching $100 million in complete worth locked (TVL) by the top of the yr.
