UTONIC Protocol, the first restaking platform built on The Open Network (TON), announced its collaboration with several notable AVS providers within the TON and Telegram ecosystem. This initiative aims to enhance security and create a revenue-sharing layer for Telegram users.

Background

On October 12, 2024, the UTONIC team submitted a proposal to TONResearch, aiming to improve the security of the growing number of Telegram applications. The goal is to increase the value and yield of TON assets and encourage more TON holders to participate in staking. The original proposal can be found at .

How UTONIC and Restaking AVS Work

By repurposing staked assets, users can secure Actively Validated Services (AVS) within the UTONIC network while granting additional rights over their staked assets. This feature introduces supplementary slashing conditions tailored to validated services. UTONIC acts as a marketplace where developers can incentivize operators to allocate their restaked TON for their services.

Bringing Real Yield and Use Cases to the TON Ecosystem

UTONIC’s restaking approach enhances the security of dApps and protocols on TON and Telegram. It provides companies and projects an incentive to restake TON, maximizing their protocol's security and revenue. This is a crucial step to attract larger-scale professional and institutional DeFi participants who require higher security and decentralization standards. Using AVS provided by UTONIC allows applications to operate in a secure environment, vital for building trust.

UTONIC Protocol introduces innovations in incentive distribution using the veTokenomic model to balance interests. As stated by Lemon, co-founder of UTONIC, the platform not only enhances application security but also supports sustainable growth in the TON ecosystem, creating value for all participants.