Risks of staking GRAM (ex Toncoin)

Staking is one of the safest ways to earn rewards in DeFi. Unlike other DeFi products, it doesn't involve risks like impermanent loss or liquidation. Still, there are a few risks to be aware of.

• 1. Slashing. If a validator misbehaves or fails to perform its duties, the network can penalize it by taking a portion of its stake. With Tonstakers, users are protected from slashing by the protocol's liquid staking mechanism.

• 2. Economic risk. The price of GRAM may go down, which can affect the value of your rewards in fiat terms. This applies to any crypto asset.

• 3. Smart contract risk. Any liquid staking protocol relies on smart contracts, which may contain vulnerabilities. It's preferable to use protocols that have undergone an independent security audit.

• 4. Counterparty risk. Liquid staking involves relying on third party services. It's important to use protocols with a proven track record and independent security audits.

Is staking with Tonstakers safe?

Tonstakers is one of the most secure liquid staking protocols on TON. It protects users from slashing, operates on a non-custodial basis, and has passed an independent security audit with the highest security score.

You can review the full audit report here.