KTON Review 2026: Liquid Staking for Gram on TON

KTON is a liquid staking protocol on TON, listed on DefiLlama under Liquid Staking since May 2025. Users stake Gram, the network's native coin formerly called Toncoin, and receive the KTON token while the pool earns validator rewards.

The project describes itself as built for The Open Network, incubated by TONX Studio and backed by TonCore (NEWTON), according to its GitHub description in public reporting. Its pitch centres on Telegram Finance, with a web app and a Telegram Mini App.

DefiLlama shows about 7.3 million USD in total value locked, down 2.9% over seven days, and two audits listed. The homepage names TonBit as auditor and says the code is open source. One search result mentions TON staking since 2021, but the project does not clarify that history.

You deposit Gram, TON's native coin, into the KTON pool. The pool delegates to validators, which earn staking rewards for securing the network. In return you receive KTON, a token that represents your share of the pool.

Because the KTON token is liquid, you can hold it instead of leaving your Gram locked. The rewards accrue to the pool, which is what the homepage means by the pool earning validator rewards while your KTON stays liquid.

To exit, you use the unstake flow in the app, enter how much KTON you want to redeem and confirm. The exact timing and any conditions are in the withdrawal docs, which the project does not detail.

The project does not publish fee details. They do not say whether the protocol takes a share of staking rewards, or what unstaking costs beyond normal TON network fees.

Users should check the app and the official docs before staking. The homepage shows a projected annual yield and pool size, but the captured values are placeholders, so the real figures should be read in the live app.

The homepage states the protocol is open source and audited by TonBit, and DefiLlama lists two audits. Audits reduce but do not remove smart-contract risk, and the project does not include the findings. Liquid staking also carries risks around validator performance and the KTON token's market price versus the underlying Gram.

Public reporting warn that lookalike Telegram bots exist, and that the safe route is to open the Mini App from the official site. Always verify the handle before connecting a wallet. Regulatory status is not covered publicly, and no incidents are mentioned.

KTON is for TON holders who want to earn staking rewards and keep a liquid token, including users who prefer to manage things inside Telegram. It is less suited to people who need published fee terms or a long, well-documented track record before committing funds.