Chorus One, a leading provider of staking infrastructure for over 60 networks, today announced the launch of TON Pool, a new staking solution designed to simplify and optimize Toncoin staking for institutions and investors.
With a focus on addressing the limitations of current staking models on the TON blockchain, TON Pool offers a flexible, cost-effective and scalable staking solution that meets the needs of custodians, exchanges, wallets and institutional investors.
A solution to Toncoin’s current staking limitations
The TON blockchain is gaining traction as a powerful platform for DApps (decentralized applications), but existing Toncoin staking mechanisms such as the Nominator Pool and Single Nominator contracts present significant limitations for institutional players.
According to the team, high minimum staking requirements, limited delegator capacity and the operational complexity of managing multiple pools are key challenges that prevent large institutions from efficiently staking Toncoin at scale.
Currently, they add, the Single Nominator contract requires a minimum of 300,000 TON, limiting accessibility for many institutions.
Moreover, both staking models restrict the number of delegators and require manual management, resulting in higher transaction fees and reduced yields due to complex pool monitoring.
Recognizing these limitations, Chorus One developed TON Pool a solution specifically tailored for large-scale staking operations that eliminates inefficiencies and provides a more seamless staking experience.
Key benefits of TON Pool
- Optimized potential yields
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Author: Chainwire
