Thomas Daniels
UTONIC Protocol, a pioneering restaking solution built on The Open Network (TON), has successfully locked in $100 million in total value locked (TVL), marking a significant milestone for the network. This influx of capital comes from a diverse pool of investors, validators, and institutions, positioning UTONIC as a key player in the TON ecosystem.
Backed by leading figures in the cryptocurrency restaking space, UTONIC offers a dynamic marketplace where projects can incentivize users to allocate their staked Toncoin. This process rewards participants for contributing to the network’s decentralized finance (DeFi) growth by adding security and liquidity through restaking.
Expanding DeFi on TON with Restaking Solutions
UTONIC’s restaking model provides TON holders with three strategic avenues to engage in the network’s security and decentralization efforts. By leveraging staked Toncoin, users can benefit from validator rewards, support actively validated services, and participate in yield farming, further enhancing TON’s decentralized ecosystem.
Through its native restaking feature, UTONIC allows users to deposit Toncoin directly into smart contracts, which are then staked to support network operations. Alternatively, users can deposit liquid staking tokens (LSTs) into the protocol’s smart contracts. These LSTs are restaked, minting UTONIC’s native liquid restaking token, uTON, enabling further participation in DeFi applications.
By repurposing staked Toncoin, UTONIC extends the network’s security infrastructure to additional decentralized applications, such as cross-chain bridges and oracle networks. This shift not only bolsters the shared security of the TON ecosystem but also enhances its growth potential by facilitating broader participation in decentralized services.
Partnerships Driving Innovation
UTONIC’s expansion is supported by strategic partnerships and technical collaborations with major restaking platforms like InfStones, TonStake, iZUMi Finance, Satlayer, and Stakestone. These alliances ensure UTONIC is well-positioned to lead TON’s DeFi sector, providing shared security across multiple layers of the ecosystem.
As TON continues to gain traction with innovative projects like tap-to-earn games, UTONIC’s restaking solution is expected to play a crucial role in driving long-term growth and decentralization.
