The exchange Crypto.com has announced the native integration of Tonstakers as its exclusive staking TON provider.
Crypto.com already offered the staking service, but thanks to Tonstakers it can now offer it through a native integration.
In this way, the over 100 million global users of the exchange can access the largest liquid staking protocol on TON easily, securely, and without problems.
Tonstakers: Crypto.com adds native staking of TON
Tonstakers is a liquid staking protocol based on the TON blockchain.
Allows generating returns in TON by staking your Toncoin tokens.
Users, in addition to staking their TON, can also receive in exchange a liquid staking receipt token that can then be freely exchanged. At any time, they can return their liquid staking receipt token to remove their TON from staking and get them back.
The value of the liquid staking receipt token also reflects all the rewards obtained through staking and generated over time.
Tonstaker is responsible for over 75% of the total Toncoin in liquid staking. According to Crypto.comit is the ideal solution for users who wish to access liquid staking based on TON.
This partnership follows other recent similar integrations of Tonstakers on other major platforms, such as Bybit, OKX, Bitget and Gate.
“`html
Staking on TON
“`
The Open Network (TON) is a blockchain based on Proof-of-Stake (PoS).
This means that the validator nodes, in order to validate transactions, must have a certain number of TON in staking. In exchange for this, they earn returns in TON.
TON (Toncoin) is the native cryptocurrency of The Open Network.
To stake TON tokens, however, it is not necessary to have a validator node. In fact, by using protocols like Tonstakers, it is possible to stake them in third-party nodes, thus receiving a portion of the earnings in return.
Such gains are not fixed, not even in percentage, but they are certain because that is how the network stays afloat. Without the validator nodes, the transactions would not be confirmed, and without rewards, the validator nodes would not validate the transactions.
Although the TON blockchain is decentralized, as well as the Tonstakers protocol, there are still inevitable risks in staking your TON.
First of all, there can be penalties imposed on the nodes that validate the blocks incorrectly.
Furthermore, using smart contracts like Tonstakers adds risks deriving from the security of the smart contract.
Finally, the real value of the rewards in TON varies over time, as does that of the TON tokens put in staking.
The Open Network (TON)
The TON ecosystem has recently attracted new interest from various players in the crypto sector, with Toncoin and other tokens based on TON (such as Notcoin and DOGS) listed, for example, on Kraken at the beginning of this month.
It is undergoing a new wave of expansion, for example thanks to DeFi based on TON ready to make a comeback after a period of consolidation following the explosive growth the sector experienced in the summer of 2024.
Currently, the TVL of DeFi on TON has dropped to 177 million dollars, but in the middle of last year, it had reached a peak even above 700 million.
That boom had then deflated because it was largely due to the mania for memecoins, which then shifted to Solana.
The crypto exchange Crypto.com
Crypto.com is a well-known crypto exchange primarily based on a mobile app.
It has more than 100 million users, and it has been around for many years now.
Recently, it had already added the Tonstakers Earn service, which is a multi-ecosystem liquidity pool offering users diversified earning options by providing tsTON to external DeFi protocols where users are able to earn additional rewards, leverage their staking position, or mint over-collateralized stablecoins.
The comment of Roman D
The CEO of Tonstakers, Roman D, stated:
“This partnership simplifies access to TON staking for millions of users worldwide, allowing them to receive competitive rewards and increasing the adoption of DeFi within the ecosystem. Each partnership we form with world-leading platforms like Crypto.com increases accessibility and boosts liquidity within the TON ecosystem”.
