Bemo launches first liquid staking protocol on TON in partnership with DWF Labs

Bemo has made the announcement that it has successfully launched the first liquid staking protocol on the TON blockchain in collaborarion with DWF Labs.

In return for TON, Bemo user gets stTON tokens, which represent a portion of the pool of TON tokens staked using the Bemo application, according to the information from Bemo shared with Finbold.

Notably, traditional staking services are not the same as liquid staking since liquid staking gives TON token holders the ability to earn rewards while still maintaining full access to their funds.

Bemo fully manages the validation process, which eliminates concerns over technical requirements or any prior staking experience. There is also no minimum amount of TON tokens required to use the application.

We’re excited to announce the launch of bemo, the first liquid staking protocol on the @ton_blockchain. ?

Now, you can stake $TON and get $stTON as a liquid token!
We are happy to be a part of this significant milestone for the ecosystem.

Check out https://t.co/0KcoephxJ3 pic.twitter.com/Ua1wXe7OAc

— bemo (@bemo_finance) May 19, 2023

Parnetship with DWF Labs

The partnership with one of the top digital assets investment businesses, DWF Labs, solidifies the importance of liquid staking services as a driving force in the development of DeFi.

Indeed, the launch of Bemo, exemplifies not just a dedication to cultivating the TON ecosystem but also the immense investment potential of The Open Network.

Earn staking yield on bemo

Every user may now earn staking yield while preserving asset ownership and the option to raise yield using decentralized finance (DeFi) apps.

Bemo is the pioneering liquid staking derivative application on TON blockchain.

If you hold #TON tokens, read on to learn how Bemo simplifies staking, making it more affordable and DeFi compatible. ?#TONBlockchain #LiquidStaking #stTON pic.twitter.com/C4QpROc2iV

— bemo (@bemo_finance) April 21, 2023

Finally, bemo intends to draw in individual investors as well as institutional investors to join its platform, with the ultimate goal of reaching $100 million in total value locked (TVL) by the end of the year.

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