How Does Stakee Work?
Stakee is a liquid staking service on the TON blockchain that lets you stake TON coins and receive STAKED tokens in return. It uses the official TON Foundation liquid staking smart contracts, which have been audited and manage over $200M across all TON staking providers. With $13M TVL, Stakee is one of several TON liquid staking options competing on yield and user experience.
TVL
$27M
Sector
Liquid Staking
Risk Grade
B
Value Grade
D-
Core Mechanisms
3.4.2
STAKED token on TON representing staked TON coins; reward-bearing with value appreciation as validator rewards accrue
Standard reward-bearing LST using official TON Foundation liquid staking contracts
3.3.2
Pooled delegation via TON Foundation smart contract; staked TON distributed across validator set
Uses official TON liquid staking pool contract for validator delegation
3.1.1
Pro-rata distribution of TON validator rewards to STAKED token holders through exchange rate appreciation
Standard pro-rata reward model inherited from TON PoS consensus
3.2.1
TON validator slashing for misbehavior; losses reflected in STAKED token exchange rate
Inherited from TON L1 slashing mechanism
2.1.2
Staking service fee taken as percentage of validator rewards before distribution to STAKED holders
Standard LST fee model where protocol takes commission from staking yield
How the Pieces Interact
Slashing of a validator in the pool affects all STAKED holders proportionally; users cannot opt out of specific validators
Exchange rate depends on correct accounting of rewards across pooled validators; smart contract bug could misreport accumulated rewards
Fee extraction reduces effective yield, potentially making staking through Stakee less attractive than direct validation or competing LST providers
Sudden slashing event could cause STAKED token depeg on secondary markets before exchange rate updates
What Could Go Wrong
- Stakee is a frontend wrapper around TON Foundation liquid staking contracts — protocol-specific risk assessment is limited by the thin operational layer
- TON liquid staking contracts manage over $200M in aggregate, but Stakee's specific validator selection and operational practices are not publicly documented
- Limited documentation beyond basic staking guides makes it difficult to assess Stakee-specific operational risks vs generic TON staking risks
TON Liquid Staking Contract Vulnerability
TailTrigger: A critical vulnerability is discovered in the TON Foundation liquid staking smart contracts that Stakee relies on
- 1.Exploit discovered in TON liquid staking contract — Attacker drains staked TON from the pool or manipulates exchange rate
- 2.STAKED token price crashes on DEXs — Holders rush to redeem but contract may be paused or drained
- 3.Other TON LST protocols using same contracts are also affected — Contagion across TON liquid staking ecosystem ($200M+ at risk)
- 4.TON Foundation responds with emergency patch — Funds that were not stolen may be recoverable, but trust damage is severe
Risk Profile at a Glance
Overall: B (27/100)
Lower score = safer