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

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.

Partnership with DWF Labs

The partnership with DWF Labs, one of the largest digital assets investment companies, and the first liquidity provider to stake TON via bemo application, confirms the role of liquid staking services as a major trend in DeFi.

The launch of bemo with support from DWF Labs illustrates both a commitment to develop the TON ecosystem and the enormous 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.

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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