bemo works as a non-custodial liquid staking protocol built on The Open Network (TON) blockchain with the liquidity pool that allows users to stake their native TON tokens and receive bmTON tokens in return. The bmTON tokens represent the staked TON and can be freely used in DeFi applications while still earning staking rewards, and the staked TON can be redeemed when needed using bmTON, obtaining the TON back in 1–2 days. As staking rewards accrue after each validation round, the price of bmTON increases relative to TON, while bemo charge a small staking reward fee, allocating half of it to validators, and half to the protocol maintenance.
Is bemo a secure platform?
bemo has undergone a security audit, and users can view the audit report on their website. The platform emphasizes the importance of wallet security, urging users to follow best practices such as enabling multi-factor authentication and maintaining backups of their wallet keys, while its security protocols are regularly updated. In addition, its validators are carefully chosen based on their reputation, performance, and security, and such a strict selection ensures the security of staked funds.
How to use bemo?
To use bemo, users must first connect their TON crypto wallet to the application. Users can then stake their TON tokens through the platform, starting with as little as 1 TON instead of the traditional 10,000 TON minimum. After staking, users receive bmTON tokens which can be freely traded, transferred, or used in various DeFi applications.
What services does bemo offer?
bemo offers liquid staking services for TON token holders, allowing them to stake their tokens and receive bmTON in return. The platform provides users with the ability to enhance their yield by participating in liquidity provision on decentralized exchanges or lending out their bmTON tokens via lending applications. Additionally, bemo offers a low entry barrier for staking, making it accessible to a wider range of users who may not have the traditional minimum stake requirement of 10,000 TON.
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