bemo

bemo is a liquid staking pool on the TON network. It accepts Toncoin deposits, pools them and stakes through validators, while the user receives an LST in two flavours — stTON (rebase) and wstTON (wrapped). bemo is one of the oldest participants in TON staking and a standard alternative to Tonstakers and Hipo.

What sets bemo apart

The main architectural feature is the dual token format:

• stTON is a rebase token: the balance grows over time, the price stays roughly 1:1 with TON. Convenient as a passive position in a wallet.
• wstTON is a wrapped wrapper around stTON. Balance is fixed, the price grows. This is the format meant for DeFi: LP, collateral, perpetuals margin.

Conversion between the two formats happens via a wrapper contract instantly and reversibly. The user picks: stTON for holding, wstTON for active use.

How it works

1. The user sends Toncoin to bemo’s deposit contract.
2. The contract mints stTON at the current pool rate.
3. If wstTON is needed, the user wraps stTON into wstTON in a separate step via the wrapper.
4. bemo stakes the aggregated TON through its validators.
5. Rewards accrue and are distributed across holders: in stTON via balance growth, in wstTON via price growth against TON.
6. To exit, stTON is returned to the pool on the next staking cycle, or swapped for TON via DEX liquidity.

Yield and fees

The base yield is the TON validator reward minus the pool fee. Specific rates and fee percentages are published on bemo’s official site and may change over time; do not rely on numbers you have not verified there.

DeFi layers stack on top of stTON / wstTON: LP positions in pairs with TON, collateral in lending protocols, margin in perpetuals. These are not bemo-specific — they work with any TON LST — but wstTON is accepted in most large integrations alongside tsTON and hTON.

Differences from Tonstakers and Hipo

• Dual token format. bemo offers two variants out of the gate (rebase and wrapped). Tonstakers and Hipo typically issue a single non-rebase token (tsTON, hTON).
• Age and reputation. bemo launched relatively early in the history of TON staking and has a “veteran” reputation, although its TVL is usually smaller than Tonstakers’.
• DeFi integrations. wstTON is present in most major TON AMMs and lending protocols, but pool depth and incentives vary across protocols.
• Team and focus. bemo focuses specifically on liquid staking, without a wide spread of additional products.

Audits and security

bemo’s contracts have undergone external audits. That reduces but does not eliminate smart-contract risk. The main risk sources for the user are the same as for any TON LST: a vulnerability in the pool contract or wrapper, validator issues at the pool’s nodes, a temporary depeg of wstTON’s market price on DEX during stress.

Who it suits

• Passive TON holders who prefer to see a growing stTON balance in their wallet.
• DeFi users who need the wrapped wstTON format for LP, lending or margin.
• Anyone diversifying staking exposure across multiple pools rather than putting everything into Tonstakers.

bemo is a meaningful piece of TON’s liquid-staking infrastructure; together with Tonstakers and Hipo it forms the trio of pools that account for the bulk of “yield-bearing TON” in the ecosystem.