FAQ

What is OpenStake?

OpenStake is first liquid staking project on the Ton network.By converting Ton into osTon, users can maintain asset liquidity while enjoying staking returns and participate in DeFi activities.

What is liquid staking?

Liquid staking is a method of staking cryptocurrency that allows users to earn rewards while still being able to use their tokens for other purposes such as trading, lending, and borrowing.It works by giving users a tokenized version of their stake, which can be used elsewhere in the network, while the original tokens remain staked and earning rewards.

What is the difference between liquidity staking and traditional staking?

The main difference between liquid staking and traditional staking is the flexibility and usability of the staked tokens. In traditional staking, when users stake their tokens in a proof-of-stake (PoS) network, these tokens are locked up for a fixed period of time, limiting their usability for other purposes. Meanwhile, with liquid staking, users can stake their tokens and receive a tokenized version of their stake in return, which they can use for other purposes like trading, lending, or borrowing. The original tokens remain staked and earning rewards, while the liquid tokens provide users with increased flexibility and potential for liquidity.

What are the risks of using OpenStake?

• Potential slash risks-we use safety fund to cover it.

• Smart contract risks-we will open-source all on-chain code and audit it.

Audit information

We will update once we finished the audit.