# Hipo Liquid Staking Protocol

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### What is Hipo?

Hipo is an innovative **open-source** **liquid staking** protocol built on the **TON** blockchain. With Hipo, users can stake their native Toncoins (TON) and receive **Hipo Staked TON (hTON)** tokens in return.

These hTON tokens represent your staked TON and offer **liquidity flexibility**, allowing you to use them in various **DeFi protocols** while still earning **staking rewards**.

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Hipo Liquid Staking on TON, How It Works!
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