Tonstakers

Liquid Staking

At the heart of the protocol is the concept of liquid staking, which allows users to stake their TON tokens and receive derivative tokens in return. These derivative tokens represent the staked assets and can be used across the TON DeFi ecosystem for lending, trading, and more, all while continuing to earn staking rewards.

Governance Components

Tonstakers features a robust governance framework that empowers token holders to participate in protocol decisions. Key governance components include the Governor, Sudoer, and Interest Manager, each responsible for different aspects of the protocol’s management, such as adjusting staking parameters and overseeing protocol upgrades.

Validator Components

Validators play a crucial role in securing the TON network and processing transactions. Tonstakers integrates with validator software like MyTonCtrl to manage validator nodes efficiently. The protocol also includes a Controller component that automates validator operations, ensuring that staked assets are optimally allocated to maximize returns.

Security Measures

Security is paramount in the Tonstakers protocol. The protocol employs multiple layers of protection, including on-chain governance, auditing of smart contracts, and the use of reliable oracles for price feeds. Additionally, the protocol’s design incorporates risk mitigation strategies to prevent losses due to market volatility or validator failures.

Usage and Applications

Staking and Earning

Users can stake their TON tokens through the Tonstakers protocol and earn staking rewards. The staked tokens are managed by the protocol, which distributes rewards based on the amount staked and the performance of the underlying validators.

DeFi Integration

The derivative tokens issued by the protocol can be integrated with other DeFi protocols on TON, enabling users to leverage their staked assets in various ways. For instance, users can provide liquidity in decentralized exchanges (DEXs), participate in yield farming, or use the tokens as collateral for borrowing.

Tokenomics

The protocol has its own governance token, which is used to participate in decision-making processes. Token holders can vote on proposals, influence protocol upgrades, and help shape the future of Tonstakers. The token also plays a role in staking and earning rewards within the protocol.

Notable Events

Tonstakers has undergone several key developments since its launch, including the introduction of new governance modules, the integration of additional validator software, and the expansion of its DeFi partnerships. The protocol continues to evolve, with ongoing efforts to enhance its security, scalability, and user experience.

Relevant Metrics and Data

Tonstakers has shown significant growth in terms of total value locked (TVL) and user adoption. The protocol’s staking pools have attracted a large number of TON holders, contributing to the security and stability of the TON network.