TON Ecosystem Re-Staking Protocol UTonic Secures $100 Million Institutional TVL Commitment
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September 13, 2024
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UTONIC, a TON ecosystem restaking solution, announced its launch today, securing $100 million in institutional total value locked (TVL) commitments before its official debut. Supported by restaking providers like TonStake, iZUMi, InfStones, Satlayer, and Stakestone, UTONIC enables users to leverage their staked TON for Active Validation Services (AVS). This facilitates the provision of security for projects like data availability protocols, oracles, and cross-chain bridges within the TON ecosystem. As a result, the TON network's decentralization and security are further enhanced. (Cointelegraph)
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