TON’s First Restaking Solution Records $100 Million TVL with UTONIC Protocol
UTONIC Protocol, the pioneering restaking solution on The Open Network, or simply TON, has announced today that it has achieved a key milestone in securing a total value locked of $100 million. Investors, validators, and institutions are significant contributors to this remarkable feat, reflecting their strong sentiments in support of an innovative approach to TON’s restaking within its decentralized ecosystem.
The marketplace of this protocol enables any project to incentivize users by rewarding them for the use of their staked Toncoin-the native cryptocurrency of The Open Network. In turn, UTONIC has become one of the key drivers within the crypto restaking space, attracting the attention of industry leaders while securing its place in TON’s emerging DeFi ecosystem.
Bringing Restaking Benefits to TON Holders
With UTONIC, several ways are opened for participation and profit for the holders of Toncoin. The users can contribute to the decentralization and shared security of TON with stakes on attractive yields of Toncoin.
- Native Validator Rewards: It is possible for users to make a stake of Toncoin in smart contracts on UTONIC and take part in native validation with receiving rewards from validator services.
- Actively Validated Services: UTONIC allows stakers to redelegate their staked assets toward the support of Actively Validated Services in securing cross-chain bridges, sidechains, and oracle networks.
- Farming: Considering that liquid restaking options exist within UTONIC, maximum return could be derived by Toncoin holders with the use of yield farming.
Empower TON’s DeFi Ecosystem
The power of UTONIC enables users to redirect their staked assets to amplify security on the blockchain while simultaneously enabling the participation in additional DeFi applications. In addition, the growth of TON’s shared security model is expected to widen its ecosystem, including recent projects ranging from cross-chain bridges to decentralized oracle networks.
But the prospect of UTONIC minting the native liquid restaking token, uTON, further extends the possible avenues regarding how staked assets could be used. Holders will be able to take part in DeFi and at the same time contribute to the core security framework of TON.
Strategic Partnerships Drive Growth
This has earned UTONIC technical support and partnerships from a number of the major restaking platforms, including InfStones, TonStake, iZUMi Finance, Satlayer, and Stakestone. These are critical pieces to the UTONIC success, bringing solid technical infrastructures and expertise to the protocol.
With TON just getting warmed up with the launch of some viral applications, including tap-to-earn games, the restaking solution will be key to network sustained growth and expansion.
Conclusion
Now, with $100 mln in TVL and serious partnerships already behind its back, the UTONIC Protocol is ready for powering up the growth of TON’s DeFi ecosystem. In this respect, the protocol offers the chance to all users to maximize the assets that they stake while contributing to the network’s security and allowing a more decentralized and secure blockchain environment for all of its participants.
