Why you should staking with OpenStake?

OpenStake 💎
2 min readMay 25, 2023

As the TON ecosystem continues to grow, it’s becoming increasingly important to have a reliable and secure staking solution. OpenStake is a liquidity staking platform built on the TON network that aims to make staking accessible to a wider audience. Here’s why you should consider staking with OpenStake:

Decentralization

One of the key features of OpenStake is its use of decentralized contracts to manage funds and delegate them to various validator nodes. By using decentralized contracts, OpenStake effectively avoids centralization risks and protects user funds.

Transparency and Auditability

OpenStake’s nomination contract allows users to easily query the platform’s activities and account balances on the chain and compare them with osTon to ensure there is no missing osTon that has been issued. This high level of transparency and easy auditability instills trust and confidence in the platform.

Open-Sourced and Open-Minded

OpenStake adheres to the spirit of open sourcing and openness. After undergoing a thorough audit, the platform will open source the core on-chain code, contributing to The Open Network.

Security

OpenStake is partnering with the industry’s leading auditing companies to ensure that all smart contracts are secure and free from vulnerabilities. Additionally, 10% of node revenue is injected into the DAO security module, which can be used to compensate for potential risks.

In conclusion, OpenStake offers a decentralized, transparent, and secure staking solution for TON, and its commitment to open source and security sets it apart from other platforms in the ecosystem. By staking with OpenStake, you can participate in the TON ecosystem while minimizing risks associated with centralization, vulnerabilities, and security breaches.

At OpenStake, we recognize the importance of community in building a successful and sustainable product. We are committed to working closely with our community to incorporate their feedback and suggestions into our platform. We believe that by listening to and collaborating with our users, we can build a better product that meets their needs and exceeds their expectations. Our goal is to create a platform that is not only secure and easy to use but also provides a valuable and enjoyable experience for our users. We look forward to continuing to work with our community to build a staking platform that is accessible, transparent, and delivers real value to the TON ecosystem.

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OpenStake 💎

OpenStake - the first liquid staking protocol on TON (The Open Network).