Chorus One Launches TON Pool Dapp Following Successful Smart Contract Audit By Spearbit
The TON Pool Dapp will make Toncoin staking even easier and more accessible to all investors.
The security audit by Spearbit enhanced the security of TON Pool, which offers non-custodial setup and ISO 27001 certification.
The TON Pool has a total value locked (TVL) of 10.7 million Toncoins worth more than $31 million.
Chorus One, a veteran in institutional-grade staking for more than 60 Proof-of-Stake (PoS) blockchain networks, announced that its TON Pool has registered palpable growth. Launched during the fourth quarter of 2024, the TON Pool has amassed more than 10.7 million Toncoin units in total value locked (TVL), which are worth around $31 million.
The Chorus One team has prioritized security to reassure customers’ experience, especially institutions staking TON coins for their users. Furthermore, the blockchain technology is still in its infancy stage, with on-chain analysis suggesting the existence of bad actors globally.
Chorus One Partners With Spearbit to Audit TON Pool
Chorus One collaborated with Spearbit, a leading web3 security firm that partnered with Cantina, a web3 security company. The Spearbit and Cantina team thoroughly analyzed the TON Pool smart contracts to ensure risk-free institutional staking for the Chorus One customers.
Following the strategic audit of the TON Pool, the Spearbit team found that the smart contract has two dreaded vulnerabilities. The first vulnerability was the pool locking error, which could lead to inconsistent contract state. The pool locking error if not addressed could have resulted in TON Pool users’ funds being inaccessible for lifetime.
The other critical risk identified in the Chorus One’s TON Pool by the Spearbit team was pool draining error. The pool draining error could be exploited by an attacker, thus putting users’ funds at risk of being siphoned.
“Both of these issues have been mitigated in the Chorus One’s TON Pool. These issues have not been mitigated in the original Ton Whales contract, and users staking to Ton Whales should be aware that if either of these above risks occurs, their stake may be lost,” the Chorus team noted.
Next Phase Unveiled
The Chorus One platform has remained committed to building products that enhance the mainstream adoption of digital assets. Following the successful smart contract audit of the Chorus One’s TON Pool by the Spearbit team, a new product was launched to enhance the secure staking of Toncoins.
On July 10, the Chorus One team announced the launch of the TON Pool Dapp, to further simplify the staking process. The TON Pool Dapp eliminates the staking barriers by allowing users to stake a minimum of 10 TON.
The Chorus One platform allows users to connect their wallet with the TON Pool Dapp through the TONConnect. With the TON Pool Dapp, users can earn up to 5 percent APY, with access to automated delegation.
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Filed under: Bitcoin - @ July 12, 2025 6:09 pm