Stake TON with Kiln, enterprise-grade staking

Ton

Edgar Roth, Protocol Specialist
November 18, 2024

* Gross Reward Rate (GRR) may change over time and vary depending on the open source blockchain protocol code. In addition, fees might be deducted from the gross effective rewards earned.

What is Ton?

Ton, which stands for The Open Network, comprises several components, including TON blockchains and storage modules, aimed at powering a decentralized and open internet platform. TON was designed by Telegram and seamlessly integrates into the messaging app.

How is TON Proof-of-Stake implemented?

TON relies on the DPoS consensus with a set of validators who propose and validate new blocks. 

The validator set is determined by the Elector governance smart contract allocating new rounds based on each validator's weight, represented by the amount of tokens delegated to them.

Why should you stake your TON?

Staking is one of the safest and most predictable ways to get rewarded in the crypto space as the value originates from the blockchain’s native currency inflation, which makes it forecastable. You help secure the network and earn rewards by staking your TON.

If you do not stake, your assets token share will be diluted among other people’s tokens that are being staked and accumulating new tokens into the network.

You can stake your TON as well as other (d)PoS cryptocurrencies to:
  • 1
    Put your treasury to work
  • 2
    Diversify and earn, while contributing to blockchains decentralization
  • 3
    Bring new opportunities by enabling your users to earn staking rewards

What are the rewards associated with staking TON?

As an incentive for helping to safeguard the Ton network, you can get rewarded with up to a 3% GRR*, to be issued in TON.

Why should you stake your TON with Kiln?

Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake TON, and to whitelabel TON staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, data, and commission management.

Our clients can stake their tokens from our dashboard, a hardware wallet, a browser wallet, a B2B custodian, a crypto exchange, or just their favorite investment app. Kiln makes staking TON easy, secure, and accessible to everyone.

Kiln has been closely working with Ton to make sure we provide the best bitcoin staking experience as possible.

We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:

  • Excellent track record in staking on 30+ protocols, managing more than $7b in stakes.
  • Trusted by industry leaders such as Ledger, Lido, Coinbase Cloud, Bitpanda, Crypto.com and many more!
  • Non-custodial, work with your existing custodians solutions e.g.Ledger, Fireblocks
  • SOC 2 Type II certified and Industry leading SLAs (0 penalties recorded and 99.95% effective uptime)

How to stake TON with Kiln?

Reach out to us if you’re an institution looking to stake TON with Kiln.

What are the rewards associated with staking TON?

As an incentive for helping to safeguard the Ton network, you can get rewarded with up to a 3% GRR*, to be issued in TON.

Why should you stake your TON with Kiln?

Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake TON, and to whitelabel TON staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, data, and commission management.

Our clients can stake their tokens from our dashboard, a hardware wallet, a browser wallet, a B2B custodian, a crypto exchange, or just their favorite investment app. Kiln makes staking TON easy, secure, and accessible to everyone.

Kiln has been closely working with Ton to make sure we provide the best bitcoin staking experience as possible.

We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:

  • Excellent track record in staking on 30+ protocols, managing more than $7b in stakes.
  • Trusted by industry leaders such as Ledger, Lido, Coinbase Cloud, Bitpanda, Crypto.com and many more!
  • Non-custodial, work with your existing custodians solutions e.g.Ledger, Fireblocks
  • SOC 2 Type II certified and Industry leading SLAs (0 penalties recorded and 99.95% effective uptime)

How to stake TON with Kiln?

Reach out to us if you’re an institution looking to stake TON with Kiln.

Protocol Card

Token
TON
GRR
2-5%
Number of live validators
345+
Consensus
DPoS
Edgar Roth, Protocol Specialist
November 18, 2024

* Gross Reward Rate (GRR) may change over time and vary depending on the open source blockchain protocol code. In addition, fees might be deducted from the gross effective rewards earned.

Ton FAQ

What does Proof-of Stake mean?

Proof-of-Stake (PoS) is a type of consensus mechanism used to validate cryptocurrency transactions. Through PoS, validators can contribute to the block production of a chain while keeping environmental concerns to a minimum, which is becoming an increasingly large issue in Proof-of-Work.

By staking capital rather than energy, validators risk losing a portion of their value and future potential for staking by misbehaving while creating blocks. This incentives collaboration and fair practices while validating information in a similar way that PoW has with incentives and punishments to curtail malicious

When will I receive staking rewards?

The TON Elector smart contract distributes accumulated rewards at the end of each 36h period, which happens every ~18 hours.

Does interest compound when staking TON?

Yes, as the rewards are received in the same pool used for staking, Interest compounds on TON.

Is there a minimum and maximum amount to stake for TON?

It is possible to stake delegating with 100 TON.

Do I maintain custody of my TON tokens? Is TON staking non-custodial?

When staking TON, you need to deposit your tokens into a contract pool and then into the Elector smart contract, making TON staking custodial. It is crucial to choose a proven staking provider like Kiln to ensure your tokens can be withdrawn when stopping staking.

What is the lockup period to stake TON? When can I unstake and withdraw my TON?

The lockup is defined by chain parameters but depends on validator voting time. Kiln lockup for staking will result in a 36h maximum lockup.

What are the risks associated with staking TON?

A TON validator can be penalized should it have insufficient uptime or try behaving against protocol rules. As a result, a validator can be slashed, meaning part of the stake allocated to it will be burned.

How do rewards work on Ton?

Ton staking rewards come from the fees paid to pass transactions on the Ton network, as the chain uses TON for gas.

What is the average block time on TON?

The block time is 5 to 8 seconds on TON.

What is a Gross Reward Rate (GRR) and how is it different from a Net Reward Rate (NRR)?

In the context of Proof-of-Stake blockchains, the gross reward rate (GRR) refers to the total or gross amount of rewards earned from staking before deducting any fees or expenses. This is a reward rate that fluctuates with the operations of the protocol and the performance of validators, it is not set by Kiln. The net reward rate (NRR), on the other hand, takes into account the deductions or expenses, providing a measure of the actual rewards received after subtracting fees or costs.

Where can I learn more about Ton?

You can learn more about Ton on their official documentation and on the Ton website.