What are the benefits and risks of staking?
Staking Benefits
1. Passive Income
Staking can provide returns higher than traditional bank deposits and investment tools.
2. Complete Security
Staking in MyTonWallet is powered by official TON Liquid Staking smart contracts, developed by the TON Core team and fully audited for security.
3. Network Benefits
By staking TON, you help strengthen the network. The more tokens staked, the more reliable the blockchain becomes. Plus, stakers receive a share of transaction fees, supporting the TON ecosystem.
4. Voting Rights
Stakers delegate their votes to validators through deposits. This is a key part of TON's decentralized governance, where validators make decisions on behalf of the stakers.
5. Quick Start
In our wallet, you can start staking with just 3 TON and 1 MY, and withdraw your full deposit or part of it at any time—your funds will be returned within a few hours.
6. Simplicity
Staking doesn't require special equipment or deep technical knowledge, making it accessible to a wide audience, unlike mining.
Staking Risks
1. Reduced Liquidity
Tokens in staking cannot be used for trading or other transactions. However, you can withdraw part or all of your staked amount at any time.
2. Token Volatility
The value of staked tokens can fluctuate, leading to potential losses if the token price drops significantly. Choose reliable assets for staking.
3. Regulatory Risks
Changes in regulations may impact staking conditions, especially on centralized exchanges. With DeFi wallets like MyTonWallet, these risks are minimized.
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