TL;DR
- The TON Foundation has launched a 5 million Toncoin DeFi incentive program, equivalent to over $23.6 million.
- This new program follows the successful launch of USDT on the network, which reached a circulation of 729.9 million in just five months. T
- he program will reward liquidity providers in key pairs on STON.fi and DeDust, as well as on the liquid staking protocols Tonstakers and Bemo.
The TON Foundation has announced the launch of a new DeFi incentive program of 5 million Toncoin, valued at over $23.6 million. This is an effort to strengthen the adoption of USDT-TON and boost liquidity in its DeFi ecosystem.
This program builds on the successful launch of USDT on the network in April 2024, which achieved a circulation of 729.9 million in just five months, making it the fastest-growing launch in Tether’s history.
The new incentive program is designed to reward liquidity providers in key pairs within the platform. The initial phases of the program will focus on rewarding liquidity in the TON/USDt, stTON/USDt, and tsTON/USDt pairs on the STON.fi and DeDust platforms, as well as on the liquid staking protocols Tonstakers and Bemo. These protocols will offer advanced solutions for liquid staking, allowing users to leverage farming strategies efficiently.
STON.fi and DeDust are decentralized exchanges that provide access to a wide range of token pairs, serving as essential bases for liquidity within the TON ecosystem. Meanwhile, Tonstakers and Bemo offer innovative liquid staking solutions, enabling users to receive liquid derivatives such as stTON and tsTON. These derivatives can be used to earn additional rewards within the ecosystem.
The TON Incentive Program Reaches $75 Million
The program also aims to increase USDT liquidity on TON, strengthening the ecosystem and generating on-chain arbitrage opportunities. Additionally, the initiative is expected to drive the growth of average APR and on-chain volume while enhancing security through staking for validators.
In its final phase, the incentive program will reward users who provide liquidity in the mentioned token pairs, with a particular focus on maximizing rewards through liquid staking strategies.
The addition to the incentive program raises its total value to over $75 million. This demonstrates the Foundation’s efforts to maintain a dynamic and vibrant platform.
