> For the complete documentation index, see [llms.txt](https://docs.hipo.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hipo.finance/introduction/how-does-hipo-work.md).

# How Does Hipo Work?

1. **Stake GRAM**\
   Deposit your GRAM into Hipo to start earning the highest staking rewards in the TON ecosystem.
2. **Get Liquid hGRAM**\
   Receive hGRAM, a liquid token that represents your staked GRAM. Its value increases as [staking rewards](https://app.hipo.finance/#/page=reward/) accumulate, and you can use it across [DeFi](https://app.hipo.finance/#/page=defi/).
3. **Unstake Anytime**\
   Swap your hGRAM back to GRAM at any time and receive your original stake plus all accumulated rewards.

{% hint style="info" %}
💡 *Your staked GRAM is delegated to validators through the Hipo smart contract to participate in validation rounds and generate staking rewards.*
{% endhint %}

<figure><img src="/files/77o11PqxmbMqWwYNpBoz" alt=""><figcaption></figcaption></figure>


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