Tonstakers LSD

Tonstakers LSD receives a B risk grade (27/100) from Hindenrank, where lower scores indicate lower risk. A solid liquid staking option for TON holders who want yield without locking their tokens. The CertiK audit and market dominance provide confidence, but the TON ecosystem's relative immaturity compared to Ethereum and Solana means smart contract risk is elevated. The 67% market dominance is both a strength (deep integration) and a risk (systemic concentration). Tonstakers is the largest liquid staking protocol on the TON blockchain, holding about 67% of all liquid-staked TON. When you deposit TON, you receive tsTON, a token that grows in value over time as staking rewards accrue (up to ~5% APY). You can stake as little as 1 TON directly through Tonkeeper wallet, OKX, or even a Telegram bot. The protocol has been audited by CertiK with a 94/100 score and uses multi-signature wallets to protect funds.

The key risks identified for Tonstakers LSD are: (1) TON smart contracts use a less battle-tested programming language than Ethereum, meaning undiscovered bugs are more likely (2) Tonstakers dominates TON staking at 67% share — if something goes wrong, the whole TON DeFi ecosystem is affected (3) Limited secondary market liquidity makes large exits potentially slow or costly

Tonstakers LSD scores 27/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 4/20, Oracle Surface: 3/10, Documentation Gaps: 3/10, Track Record: 2/15, Scale Exposure: 3/10, Regulatory Risk: 2/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.

Among 83 rated Liquid Staking protocols on Hindenrank, Tonstakers LSD ranks #23 by safety (lowest risk score = safest). Its 27/100 risk score and B grade place it among the safer Liquid Staking protocols.

Tonstakers LSD scores 2/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.