**Utonic Secures $100M Ahead of Launch on TON Network**

Utonic, a new restaking protocol on The Open Network (TON), has secured a whopping $100 million in total value locked (TVL) from major firms like TonStake, iZUMi Finance, InfStones, SatLayer, and StakeStone.

The protocol aims to boost TON’s security and decentralization. Co-founder Lemon Lin highlighted that restaking has proven successful on Ethereum and can enhance TON similarly.

Utonic promises an attractive annual percentage yield (APY) of up to 30%, even expecting over 20% during bear markets. The protocol offers yields from native validator rewards, Actively Validated Services (AVS), and farming incentives.

Set to launch at the end of September, Utonic is riding the wave of growing interest in restaking and liquid staking across major blockchains.