Tonstakers

Tonstakers is a liquid staking protocol on TON that issues the LST tsTON. It is among the leaders by total Toncoin staked and serves as the default “yield-bearing TON” in most TON DeFi strategies.

What it does

The flow is standard for liquid staking:

1. The user sends Toncoin into the pool contract.
2. The pool mints tsTON to the user at the current exchange rate.
3. Deposits are aggregated and staked through validator infrastructure.
4. Rewards accrue inside the pool, and the tsTON-to-TON rate drifts upward over time. This is a non-rebasing design: the user’s tsTON balance stays constant, and the price of one tsTON in TON slowly increases.
5. To exit, the user either returns tsTON to the pool and waits one staking cycle (standard unstaking delay) or swaps tsTON to TON instantly on a DEX.

tsTON

tsTON is a standard TEP-74 jetton. That means:

• It lives in any TON wallet that supports jettons (Tonkeeper, MyTonWallet, Tonhub, the Wallet inside Telegram).
• It transfers like any other jetton.
• It is accepted by DEXes and lending protocols on TON because the jetton interface is universal.
• It has deep liquidity on STON.fi, DeDust, and other AMMs. The tsTON / TON pair is typically among the most liquid yield-bearing markets on the network.

Yield

The base yield is the network’s validator reward minus the pool’s fee. The exact number drifts over time and depends on overall network conditions. On top of that, DeFi strategies can layer:

• Incentives on tsTON / TON LP pools.
• Looping through lending protocols to lever staking exposure.
• Using tsTON as margin in perpetuals.

Do not rely on specific APR figures from third parties — check the Tonstakers app and protocol frontends at the time of deposit.

Audits and security

Tonstakers has passed multiple smart-contract audits from established firms. That reduces, but does not remove, smart-contract risk. The main exposure for users:

• Contract bug. A flaw in the deposit or withdrawal contracts could freeze or drain funds. Audits are not insurance.
• Validator slashing. If validators used by the pool get slashed, the tsTON-to-TON rate drops.
• Network-level concentration. The more TON stakes through one pool, the more stake power concentrates with one operator. This is more an ecosystem-health concern than an individual-user risk.
• DEX depeg. Under stress, the market price of tsTON on a DEX can drift below the on-chain redemption rate. Direct redeem stays available at the fair rate but requires waiting through a staking cycle.

How it is used

Common patterns:

• Passive holding. Keep tsTON in a wallet as yield-bearing TON that requires no action.
• LP in tsTON / TON. Earn staking yield plus swap fees.
• Collateral in lending. Borrow stablecoins against tsTON for margin or expenses.
• Margin in perpetuals. Some trading venues accept tsTON as yield-bearing collateral.

Together with bemo and Hipo, Tonstakers forms the core of TON’s liquid-staking stack; for most DeFi flows, tsTON is the default yield-bearing TON token.