> For the complete documentation index, see [llms.txt](https://docs.bemo.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bemo.fi/get-started/faq.md).

# FAQ

**What is bemo?**\
bemo is a decentralized liquid staking application built on the TON blockchain. It enables users to stake their GRAM tokens, earn staking rewards, and receive bmGRAM tokens that can be traded or used in various DeFi applications.<br>

**What are the benefits of using bemo?**\
bemo allows users to stake GRAM tokens, earn rewards and maintain liquidity. Users don't have to lock their GRAM tokens to earn staking rewards. Most importantly, they don’t need to choose between staking rewards and alternative DeFi opportunities anymore. bemo users can enjoy both: earning a commission by providing liquidity on DEXes or farming favourite project’s tokens while compounding GRAM staking rewards.<br>

**What are bmGRAM tokens?**\
bmGRAM tokens are minted by the bemo application in exchange for the user’s GRAM tokens deposit. stGRAM tokens are burned after the unstaking is finalised. stGRAM tokens are value-accruing tokens used in the bemo finance system. Their value increases with staking rewards while their quantity remains constant.<br>

**How is the price of bmGRAM determined?**\
bmTON price is calculated by a formula in a smart contract based on the total TONs deposited, staking rewards, fees, and minted bmGRAMs. See [bmGRAM pricing page](/welcome-to-bemo/bmgram/bmgram-pricing.md).<br>

**Can I unstake my GRAM tokens?**\
Yes, you can unstake your GRAM tokens in the application anytime. However, there is a cooldown period of up to 72 hours. After submitting the unstaking request, you must wait for this period before your GRAMs and accrued rewards are released.

**What happens when I swap my bmGRAM for GRAM?**\
When you sell or swap your bmGRAM for GRAM on a DEX, you transfer your staking withdrawal rights to another user. This means you're converting your bmGRAM into GRAM at the current Market price.<br>

**Can there be a depeg of bmGRAM to GRAM?**\
Fundamentally, no, because the bmGRAM price is calculated by a smart contract, and each bmGRAM is backed by GRAM tokens. However, subject to DEX liquidity and overall market dynamics, a Market price depeg is possible. That creates an arbitrage opportunity, as there is always an option to unstake at the Fundamental price in the bemo application.<br>

**What are the risks associated with using bemo?**\
The main risk is the smart contract vulnerability. bemo takes various measures to minimize it. We undergo independent code audits, including audits by the blockchain’s core dev team.<br>

**How big is the bemo application fee?**\
bemo charges a 20% fee on staking rewards, with 10% going to validators and 10% to bemo for protocol maintenance and future development.

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