UTONIC Protocol Reaches $100M TVL with TON’s First Restaking Solution
The post UTONIC Protocol Reaches $100M TVL with TON’s First Restaking Solution appeared on BitcoinEthereumNews.com. Key highlights: UTONIC has secured $100 million in TVL with support from key partners in The Open Network (TON) ecosystem. The protocol enables users to earn triple yield from validator rewards, AVS yield, and farming incentives. Restaking enhances the security of applications such as cross-chain bridges, oracles, and sidechains in the TON ecosystem. UTONIC Protocol secures $100 million in TVL, launching TON’s first restaking solution UTONIC Protocol is backed by several major partners from The Open Network (TON) ecosystem and they have just successfully secured $100 million in total value locked (TVL). Supported by contributors such as TonStake, iZUMi Finance, InfStones, SatLayer, and StakeStone, UTONIC introduces a novel restaking mechanism aimed at enhancing TON’s network security while offering users additional ways to earn rewards. By facilitating restaking, UTONIC allows users to gain returns from multiple sources, including native validator rewards, Actively Validated Services (AVS) yield, and farming incentives. UTONIC’s approach will strengthen the TON blockchain’s infrastructure by decentralizing security efforts across applications such as cross-chain bridges, oracle networks, and sidechains. This new system encourages shared security, benefitting both developers and users in the growing TON ecosystem. How UTONIC’s restaking solution works UTONIC empowers users to repurpose their staked TON tokens, providing security for additional services on the blockchain. This system allows users to participate in securing Actively Validated Services while agreeing to supplementary enforcement rights over their staked assets. For example, services like data availability protocols, cross-chain bridges, and oracles can implement tailored slashing conditions to maintain security across the network. The protocol functions as a marketplace where developers can incentivize operators to allocate their restaked TON, eliminating the need to create new reward systems from scratch. This drastically reduces both the financial and time investments required to build trust networks, leveraging the security already embedded in staked TON assets. Source: Utonic…
The post UTONIC Protocol Reaches $100M TVL with TON’s First Restaking Solution appeared on BitcoinEthereumNews.com.
Key highlights: UTONIC has secured $100 million in TVL with support from key partners in The Open Network (TON) ecosystem. The protocol enables users to earn triple yield from validator rewards, AVS yield, and farming incentives. Restaking enhances the security of applications such as cross-chain bridges, oracles, and sidechains in the TON ecosystem. UTONIC Protocol secures $100 million in TVL, launching TON’s first restaking solution UTONIC Protocol is backed by several major partners from The Open Network (TON) ecosystem and they have just successfully secured $100 million in total value locked (TVL). Supported by contributors such as TonStake, iZUMi Finance, InfStones, SatLayer, and StakeStone, UTONIC introduces a novel restaking mechanism aimed at enhancing TON’s network security while offering users additional ways to earn rewards. By facilitating restaking, UTONIC allows users to gain returns from multiple sources, including native validator rewards, Actively Validated Services (AVS) yield, and farming incentives. UTONIC’s approach will strengthen the TON blockchain’s infrastructure by decentralizing security efforts across applications such as cross-chain bridges, oracle networks, and sidechains. This new system encourages shared security, benefitting both developers and users in the growing TON ecosystem. How UTONIC’s restaking solution works UTONIC empowers users to repurpose their staked TON tokens, providing security for additional services on the blockchain. This system allows users to participate in securing Actively Validated Services while agreeing to supplementary enforcement rights over their staked assets. For example, services like data availability protocols, cross-chain bridges, and oracles can implement tailored slashing conditions to maintain security across the network. The protocol functions as a marketplace where developers can incentivize operators to allocate their restaked TON, eliminating the need to create new reward systems from scratch. This drastically reduces both the financial and time investments required to build trust networks, leveraging the security already embedded in staked TON assets. Source: Utonic…
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