Leading staking infrastructure provider Chorus One has just launched the first institutional solution for scalable TON staking, TON Pool.
Designed to simplify and optimize Toncoin staking for institutions and investors, TON Pool addresses the limitations of current staking models on the TON blockchain. It also offers a flexible, cost-effective, and scalable staking solution that meets the needs of custodians, exchanges, wallets, and institutional investors.
The launch of TON Pool follows concerns about remediating the significant limitations of existing Toncoin staking mechanisms, including Nominator Pool and Single Nominator contracts. The Single Nominator contract is believed to limit accessibility for many institutions because it requires a minimum of 300,000 TON. 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.
Other key challenges that prevent large institutions from efficiently staking Toncoin at scale are high minimum staking requirements, limited delegator capacity, and the operational complexity of managing multiple pools.
TON Pool has been tailored for large-scale staking operations to solve these issues, eliminate inefficiencies, and provide a more seamless staking experience. Among the numerous benefits of TON Pool are its optimized potential yields, unlimited delegators, low minimum stake, and effortless integration.
TON Pool offers a much more streamlined staking process, unlike traditional staking models. It consolidates all staking into a single address instead of requiring operators to create and manage multiple pools. This feature allows customers to delegate once, pay one transaction fee as the platform handles all the technical complexities of distributing and managing the stake.
Brian Fabian Crain, the CEO of Chorus One, commented on the development, saying,
“TON Pool is our response to the challenges institutions face when staking on the TON blockchain…We built this solution to remove unnecessary steps, lower costs, and provide a scalable option for institutions that require a higher degree of flexibility. TON Pool makes staking more accessible, which we believe is essential to driving the TON ecosystem forward.”
