The TON blockchain has introduced an innovative protocol known as the Liquid Staking (LSt) pool, which serves to connect TON holders, referred to as Nominators, with hardware node operators for participation in blockchain validation through asset pooling. This protocol not only facilitates the pooling of assets but also integrates with DeFi protocols by issuing Pool Jettons, representing a share of the pool and accruing validation rewards. Understanding the technical details, operational mechanisms, and potential implications of this Liquid Staking pool is crucial for stakeholders in the TON ecosystem.
This inquiry seeks to delve into the technicalities and functionalities of the Liquid Staking pool in the TON blockchain, focusing on several key aspects:
- Protocol Mechanics and Structure: How does the Liquid Staking protocol function, specifically in terms of connecting TON holders with node operators, and what are the mechanisms for asset pooling and validation participation?
- Role and Functionality of Pool Jettons: What is the role of Pool Jettons in this protocol, particularly in relation to representing pool shares, interacting with DeFi protocols, and accruing validation rewards?
- Integration with Node Operators: How do node operators interact with the Liquid Staking pool, especially in using the pooled funds for validation stakes and sharing validation rewards?
- Technical Implementation and Code Deployment: Can you detail the steps and requirements for cloning the repository, installing dependencies, building contracts, and running tests as outlined in the documentation?
- Terms and Schemes of Operation: What are the key terms (such as elector, controller, validator, nominator, and jettons) used in the protocol, and how do they contribute to the overall scheme of the Liquid Staking pool?
- Deposit and Withdrawal Mechanisms: How are deposits and withdrawals managed within the pool, especially considering the role of Pool Jettons and TON ratio updates?
- Governance and Role Management: What roles (such as Halter, Sudoer, Approver, Interest Manager, and Governor) are defined within the protocol, and how do these roles contribute to the governance and operational management of the pool?
- Optimistic Deposits and Withdrawals: How are deposits and withdrawals processed in the ‘optimistic mode,’ and what are the implications of this mode for the protocol’s efficiency and security?
This analysis aims to provide a comprehensive understanding of the Liquid Staking pool in the TON blockchain, exploring its technical implementation, operational processes, and potential impact on the TON ecosystem and broader blockchain validation practices.