What STAKED means in liquid staking, how it differs from TON, and why the amount of STAKED can be lower than the amount of TON you put into staking.
When you stake TON in liquid staking, you receive STAKED tokens.
STAKED is not a fixed 1:1 version of TON. It represents your share of a staking pool.
TON is the base coin.
STAKED represents your share of the pool.
STAKED can become worth more TON over time as rewards build up in the pool.
Because STAKED represents a share of the pool, its conversion rate to TON can change over time.
This is normal in liquid staking.
You may receive fewer STAKED tokens because:
1 STAKED can already represent more than 1 TON at the current pool rate.
The pool already includes previously accumulated rewards.
You enter the pool at the current conversion rate, not at a fixed 1:1 rate.
So the number of STAKED tokens can be lower, while the value you receive still matches your deposit at the time you enter.
No. Receiving fewer STAKED does not mean you lost value.
You are entering a reward-generating pool. As rewards accumulate, the STAKED-to-TON conversion rate is expected to improve over time.
When you unstake, your STAKED is converted back to TON at the current pool rate.
STAKED represents a share of the pool, not a fixed copy of TON.
Getting less STAKED than the amount of TON you staked is normal.
Growth is reflected mainly in the conversion value, not necessarily in the number of STAKED tokens.
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