TON-Based Restaking Protocol Secures $100 Million TVL
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Utonic's Launch and Financial Backing: Utonic, a new restaking protocol on The Open Network (TON), has secured $100 million in total value locked (TVL) from various firms before its launch, indicating strong institutional interest.
Yield Opportunities and Market Outlook: Utonic plans to offer an annual percentage yield (APY) of up to 30%, allowing users to earn from multiple sources including validator yield and farming incentives, while maintaining optimism about performance even during bear market conditions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
