STTON

stTON is an ERC-20 equivalent of a staked Toncoin developed by the pTON.fi team. stTON tokens are minted whenever a user stakes TON with a 1:1 ratio, meaning that at any time 1 stTON can be unstaked to receive 1 TON. stTON tokens are burnt during unstaking. The amount of stTONs is always equal to the amount of TONs staked through pTON.fi. stTON balances are updated every day after oracle informs of the changes in pricing. This means that as node rewards are accrued, stTON amount in your wallet grows at node annual percentage rate day by day. It also means that the total stTON supply is always equal to the amount of TON staked + rewards - processing fees. stTON as a ERC-20 version of staked TON has a whole variety of fundamental potential use cases. Some of them are currently being developed by the pTON.fi team.