According to TechFlow, on September 13, Cointelegraph reported that Utonic, a re-staking protocol on the TON network, has received a $100 million institutional total locked value (TVL) commitment before its official launch. The protocol is scheduled to go live at the end of September 2024, with an expected annualized rate of return (APY) of up to 30%. Lemon Lin, co-founder of Utonic, said that even in a bear market, the APY is expected to remain above 20%. The re-staking technology route has been verified on Ethereum, and Utonic aims to improve the security and decentralization of the TON network through this technology.