What is liquid staking
Liquid staking is a type of staking where instead of locked coins you receive a liquid token that can immediately be:- freely transferred,
- sold/bought,
- used in DeFi (lending, farming, etc.).
Ton Whales liquid staking
In the Ton Whales liquid protocol, the user immediately receives wsTON tokens instead of locked coins. The wsTON rate increases proportionally to the yield of funds locked in staking. Thus, the number of tokens the user has remains unchanged, but their value relative to TON constantly increases.Example: a user staked 1000 TON and received wsTON at the current exchange rate at the time of exchange — 926 wsTON. After a year, the user exchanges their 926 wsTON back to TON and receives not the original 1000 TON, but 1000 TON plus the accumulated annual staking yield, which amounts to 1035 TON.
wsTON token liquidity
To ensure the ability to exchange wsTON tokens, the Ton Whales team created liquidity pools for this token with TON on the leading decentralized exchange of the TON ecosystem. This pool provides users with the ability to instantly buy or sell wsTON tokens.Deposit/withdrawal process
Depositing and withdrawing funds from the liquid pool differs from the similar process in a regular pool. Users can use one of two deposit/withdrawal options:- Direct purchase of wsTON on DeDust. This method allows for the simplest and fastest way to acquire or sell liquid tokens and start participating in staking by simply holding them in a wallet.
- Sending TON to staking through the Tonhub interface or the tonwhales.com website. This method is more time-consuming and may require waiting when withdrawing funds. However, the user does not pay exchange fees and gets a better rate.