Utonic received a $100 million TVL commitment before the launch of the re-staking agreement, with an expected annualized rate of return of up to 30%

According to TechFlow, on September 13, Utonic, a re-staking agreement on the TON network, has received a total institutional lock-in value (TVL) commitment of $100 million before its official launch. The agreement is scheduled to go online 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.