bemo and stTON: TON staking protocol comparison 2026

bemo is the second-largest TON liquid staking pool after Tonstakers. As of May 2026, around $4M is staked in bemo (Tonstakers — $209M, Hipo — $2.5M). Mid-size protocol, but bemo holds market share thanks to CeFi-grade integrations and an audit reputation. Below — what is inside bemo, how stTON differs from other LSTs, and where to use it.

What bemo is

bemo is a non-custodial TON liquid staking pool. Launched in 2022 by a team that previously worked in staking on other networks. Key facts:

• TVL — about $4M (DeFiLlama, May 2026).
• APY — 5% per the official bemo.fi page.
• Min stake — 1 TON.
• LST token — stTON.
• Audit — CertiK, public report.
• Marketing — positioned as an “institutional” pool, with a security and compliance focus.

stTON, like other TON LSTs, runs on a rising-rate model — the number of tokens in your wallet does not change, but 1 stTON over time is worth more TON.

stTON in DeFi: integrations

stTON is supported in most key ecosystem protocols:

• STON.fi — direct stTON-TON pool. Medium liquidity; for swaps under $5K the rate is stable.
• DeDust — stable stTON-TON pool, 0.04% fee. The best channel for large entries and exits to native TON.
• EVAA Protocol — stTON accepted as collateral for USDT/TON lending.
• Wallets. Tonkeeper and MyTonWallet support stTON in swaps via TON Connect.

By integration count stTON sits between tsTON (leader) and hTON (smallest). For most retail scenarios coverage is enough.

bemo vs Tonstakers vs Hipo: one table

In one line: comparable yield, differences in size and decentralisation approach.

When to pick bemo

bemo makes sense if:

• Want a mid-size pool between Tonstakers (everything in one) and Hipo (smallest). bemo is the compromise on risk profile.
• Want to spread across multiple protocols. Standard split — 60% Tonstakers + 30% bemo + 10% Hipo. Insurance against a single-pool smart contract bug.
• Like the bemo.fi UI. bemo’s UI is dry, no ad banners; some prefer it to Tonstakers.

bemo is the wrong pick if:

• You need the deepest DEX liquidity for large swaps — tsTON wins there.
• Maximum decentralisation matters — Hipo with DAO validators is more honest.
• You actively run leveraged strategies in EVAA — tsTON often has better collateral parameters there.

Steps: staking via bemo

1. Install Tonkeeper, MyTonWallet or Tonhub. Send TON to your address.
2. Open bemo.fi in the browser.
3. Connect Wallet via TON Connect.
4. Enter the amount, minimum 1 TON. Keep another 0.5–1 TON in the wallet for gas.
5. Confirm the transaction in the wallet. In 10–15 seconds stTON lands in the balance.
6. From then on the stTON/TON rate auto-grows — no further actions.

Unstake is identical. Unstake button, enter stTON amount, confirm. If the bemo liquidity buffer is non-empty — TON arrives instantly. If empty — exit through the queue until the validator round ends (24–36 hours). Alternative — sell stTON on a DEX.

Yield: what not to expect

bemo’s marketing “5% APY” is the base TON validator rate under current network conditions. It is:

• Floating. Depends on total staked TON and validator activity.
• Not unique to bemo. Tonstakers and Hipo with the same parameters yield roughly the same.
• Denominated in TON. If TON/USD drops 30%, your dollar yield drops proportionally even if the TON balance grows.

The real point of staking is not “earning” but offsetting TON inflation (~0.6% emission per year) plus a small bonus. To double capital, look at active DeFi strategies, not staking.

stTON to TON stable arbitrage

A useful scenario for active users. The stTON/TON rate on DEXs sometimes drifts from bemo’s internal rate. If on a DEX 1 stTON costs less than the “fair” bemo rate:

1. Buy stTON on DeDust at the discount.
2. Wait for the bemo internal rate to “catch up” (or unstake via bemo).
3. Capture the spread as profit.

In practice deviations rarely top 0.5–1%, but it is a steady passive scenario for those who watch. More often automated by bots than done by hand.

Security: shared rules

All three protocols (Tonstakers, bemo, Hipo) run the same model — you send TON to a smart contract, the contract delegates to validators, yield capitalises into the LST. The risks are identical:

• Smart contract bug. Audit reduces but does not eliminate the chance.
• Validator slashing. Part of the stake can be lost if a validator misbehaves. All three pools diversify validators to avoid single-point exposure.
• LST depeg. Under panic sell-offs the LST/TON rate on a DEX can drop 1–3% below the internal rate. Solved by waiting or by direct unstaking.
• Regulatory risk. Crypto staking is treated differently across jurisdictions. If you live in a country with explicit crypto rules, check requirements.

Sources

• bemo.fi — official site.
• DeFiLlama: bemo — TVL history.
• tonstakers.com, hipo.finance — for comparison.
• tonscan.org — explorer for contract verification.