STTON

bemo Staked TON (stton) is a non-custodial liquid staking protocol operating on the TON blockchain. It allows users to stake their native TON tokens, receiving bmTON in return, which represents their share in the staking pool. As the protocol accumulates staking rewards from supporting the TON blockchain, the value of bmTON relative to TON increases, providing yield to holders. This system enables users to earn staking rewards while keeping their assets liquid, avoiding the typical lock-up periods associated with traditional staking. The platform was recently upgraded to V2 for improved performance and enhanced DeFi utility.

bemo Staked TON (stton) addresses the illiquidity inherent in traditional blockchain staking. Normally, staking TON tokens locks them up, preventing their use in other applications. bemo solves this by issuing bmTON, a liquid staking token, immediately upon staking. This allows users to participate in securing the TON blockchain and earn staking rewards, while simultaneously retaining access to their capital. bmTON can then be traded, used in various DeFi protocols, or leveraged for additional yield, significantly enhancing capital efficiency and flexibility within the TON ecosystem.

While the project is called bemo Staked TON (stton), the main liquid staking token is bmTON. Its primary use case is providing liquidity for staked TON, enabling users to earn staking rewards without locking their assets. Beyond this, bmTON can be actively used in the DeFi ecosystem: it can be traded on exchanges, or utilized in decentralized finance applications. Key use cases include providing liquidity on DEXs like ston.fi and Tonco, and participating in lending protocols such as EVAA Protocol (coming soon), to generate additional yield and maximize returns on your staked crypto assets.

stTON maintains a fundamental price peg through algorithmic enforcement in bemo's smart contracts. The intrinsic value is calculated as: \(Value_{stTON} = \frac{{\text{Total Staked TON} + \text{Accrued Rewards} - \text{Fees}}}{{\text{stTON Supply}}}\). This creates arbitrage opportunities when market prices deviate, as users can always unstake at fundamental value after a 36-72 hour cooldown period. The design eliminates oracle dependency while ensuring stTON remains fully backed by the staking pool.

Liquid staking eliminates three core limitations of traditional staking: 1) Capital inefficiency - stTON can be simultaneously used in DeFi while earning staking rewards; 2) Access barriers - No minimum stake requirements or technical knowledge for validator operation; 3) Opportunity cost - Eliminates lock-up periods through transferable staking positions. This enables users to compound yields through layered strategies like liquidity provision and collateralized lending.

bemo employs a multi-layered security approach: 1) Non-custodial architecture where users retain asset ownership; 2) Smart contracts audited by TON core developers and third-party firms; 3) Consensus-level validation through TON's battle-tested Proof-of-Stake; 4) Economic security where validators risk slashing for misbehavior; 5) Bug bounty programs for continuous vulnerability testing. The protocol has operated without security incidents since launch.

Currently, stTON functions primarily within TON's ecosystem through integrated DEXs (Dedust, STON.fi), lending protocols (EVAA), and wallets (Tonkeeper). However, bemo's roadmap includes developing cross-chain bridges to Ethereum Virtual Machine (EVM) compatible chains in 2025. This would enable stTON usage in multi-chain DeFi applications while maintaining exposure to TON staking rewards.

BMO introduces three key enhancements: 1) Governance rights for protocol parameter adjustments; 2) Fee reduction mechanisms for users staking both TON and BMO; 3) Liquidity mining incentives in BMO/stTON pairs. Importantly, BMO doesn't replace stTON's core staking function but adds utility layers through a complementary token model. BMO distribution occurs through conversion of stXP earned via stTON activities, creating synergistic value accrual.