Are you looking to generate passive income from your Toncoin (TON) holdings? Staking is a great way to earn rewards while supporting the security and decentralization of the TON blockchain.
In this article, we’ll explore the best four DeFi platforms for staking Toncoin, including step-by-step guides on how to get started.
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First, let’s quickly cover the basics. Toncoin is the native cryptocurrency of The Open Network (TON), a fast and scalable blockchain platform. Ads|Get free ton now|
Staking involves locking up your TON tokens in a smart contract to help validate transactions and secure the network. In return, you earn rewards proportional to your stake.
The Best 4 DeFi Platforms to Stake Tons and Earn Passive Income Right Now
Earning interest or rewards for holding $Ton is great, especially if you’re holding for the long term.
Instead of just holding them in your wallet, you can stake them on these best DeFi platforms and earn rewards (interest over 3% apy).
Now, let’s dive into the top DeFi platforms for staking Toncoin:
4. Hipo Finance
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If you’re looking for the best platform to stake your toncoin and earn passive income, Hipo Finance is one, a liquid staking platform that rewards users with its liquid token $hton when they stake their toncoin.
This token can be used across the DEFI ecosystem; once anyone stakes their ton, they get $hton in return, which represents their staked $toncoin. Ads | sign-up and earn 5 Ton |
However, in March 2024, Hipo Finance was audited by “Ender Ting,” a blockchain auditing platform. Thus, auditing doesn’t guarantee security, but it is a plus. Here’s an auditing report from Ender Ting.
At the time of writing this article, the total value locked (total asset or money) in Hipo Finance was $5.82 million, according to DefiLiama.
How to Stake Ton on Hipo Finance
- Visit the official website of Hipo Finance at [hipo.finance]
- Click on the stake option on the homepage and connect your wallet. If you don’t have TonWallet, we recommend downloading the TonKeeper web extension (for PC) or its mobile application from the Google Play Store or Apple Store.
- Input the amount of toncoin you want to stake and proceed with the next step.
Hipo Finance offers up to 3.4% APY, and users can stake a minimum of 1 ton and start earning passive income.
3. Stakee
Stakee is also one of the best defi staking platforms on the $Ton blockchain, and they offer similar features to Hipo Finance.
Moreover, stakee is associated with the term “staking,” and with that, you’ll grab that it’s a staking platform where individuals can stake Toncoin to earn passive income.
Risks Involved In Using DeFi Applications (US)
While you stake Ton to earn $hton on the Hipo Finance DEFI platform, you stake $ton to earn $staked.
Immediately, users stake their toncoin on the Stakee DeFi staking platform, and they get $Staked in return, which is equivalent to their staked toncoin.
At the time of writing, the total value locked on the stakee DeFi staking platform is over $22 million, according to DefiLiama.
How to Stake Toncoin on Stakee
- Head over to the official staking website of Stakee [https://app.stakee.org].
- Connect your wallet, input the amount of toncoin you want to stake, and proceed with staking.
- After your toncoin is staked, you get $Staked token equivalent to your toncoin staked amount.
Stakee offers up to 3.12% APY, and individuals can stake a minimum of 1 toncoin.
2. Bemo Finance
One of the best DeFi platforms on the ton blockchain where you can stake your toncoin and earn passive income is Bemo Finance.
Bemo Finance is a liquid staking platform on the Ton blockchain, just like the previously mentioned staking platform on Ton, but Bemo Finance offers juicy features through which users can earn passive income through staking, and also positioning for its native token airdrop $BMO. Ads | 15APY On Ton – Ending soon|
However, when users stake Ton or stTon, they get $stXP in return as rewards. This reward can be used on the DeFi ecosystem, e.g., swapping to StTon, Ton, or holding $stXP to get Bemo Finance airdrop $BMO.
At the time of writing this article, the total value locked on Bemo Finance was $78 million, according to Defi Liama.
How to Stake Toncoin on Bemo Finance and Earn $BMO Airdrop or $stXP
If you’re interested in staking your toncoin to farm a $BMO airdrop or earn rewards of $stXP, here’s a step-by-step guide.
- Firstly, head over to their official website [bemo.finance].
- Click on the stake now option available on the homepage.
- Connect your wallet and input the amount of toncoin you want to stake.
- Proceed to stake your toncoin after your ton is staked. You start earning stXP, which can be converted into a $BMO token after TG [token generation].
Bemo Finance offers a juicy 3.77% APY, which is higher than the previously mentioned staking platform at the time of writing. However, users can stake a minimum of 1 Toncoin on Bemo Finance.
1. TonStakers
TonStakers is a leading liquid staking platform in the TON ecosystem, offering a simple and secure way to earn passive income. It offers unique features like Hipo Finance and Stakee.
Moreover, TonStakers has a higher total value locked among its competitors, like Hipo, Stakee, and others, with a TVL of over $252 million at the time of writing this article.
With its similar features as others, users can stake $Ton to earn tsTon, which can be used in the DeFi ecosystem.
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How to Stake Ton on TonStakers and Earn Passive Income
TonStakers is also one of the best DeFi staking platforms on the Ton blockchain, with a smooth interface. Users can earn passive income by staking Ton on TonStakers. Without so much ado, Here’s how to stake Ton on TonStakers.
- Firstly, visit their official website [tonstakers.com].
- On their homepage, click on the option that says “Stake Now.”
- Connect your wallet and input the amount you intend to stake, then proceed to staking.
- Once your Ton is staked, you’ll receive tsTon, which is like a receipt for your staked $Ton.
TonStakers offers up to 3.09% APY, and users can stake a minimum of 1 ton and start earning passive income.
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Conclusions
Earning passive income through staking Ton is very lucrative, and users can earn as much as 3.09% to 3.77% APY on the various DeFi staking platforms on the Ton blockchain.
If you’re holding Toncoin for the long term and waiting for it to hit $10–$100, you can stake your toncoin to earn extra rewards or use it to farm airdrops on the ton blockchain.