CandleFocus UTONIC, TON's First Restaking Protocol, Reaches $100 Million in TVL
2024-09-13
Author: Content Editor
UTONIC, a multi-instrument solution for TON restaking, has achieved a major Total Value Locked (TVL) milestone by securing $100 million in commitments from investors, validators, and institutions. The protocol allows users to repurpose their staked TON and extends the blockchain's security to additional applications. UTONIC offers two methods for participating in TON restaking: native restaking and LST restaking. It functions as a marketplace where developers incentivize operators to use their restaked TON for services, reducing the need for issuing new tokens and building trust from scratch. UTONIC has partnerships with notable players in the TON ecosystem and aims to enhance the security and scalability of local dApps.
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