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The TON-based restaking protocol, UTONIC, has secured a $100 million institutional TVL commitment before its official launch, according to Cointelegraph. The commitment comes from institutions including iZUMi Finance and SatLayer. Additionally, the Pendle BTC market has crossed $15 million+ in TVL since its launch less than a week ago. Lombard Finance reports 5,055 LBTC minted, valued at $300 million, by 6,888 users, with a 36% week-over-week increase. eBTC from ether.fi has doubled in size to $88 million since relaunching with LBTC last week.
DeFi platform @Pendle_fi has opened bitcoin-linked pools with @Lombard_Finance and @use_corn offering just over 10% in fixed annualized yields and floating yields of as high as 45% in a move that expands the product’s fundamentals. https://t.co/55NgaBtVzh
Quick look at restaking protocols from ON-270: 📈 @swellnetworkio’s swBTC surged past $30M TVL just 10 days after launching. 📈 @symbioticfi’s TVL crossed $1.5B with new token additions. 📈 @Karak_Network’s ETH TVL has held steady around 280k for the last 3 months. ⬇️⬇️⬇️…
Restaking updates – ➡️ There are less than 1k restakers daily, down 90% from its February peak of 10k. ➡️ EigenLayer holds an 84% market share among restaking protocols. Give the full @ournetwork__ issue a read ➡️ https://t.co/5Q3NgPNQvH https://t.co/zsPq909GKZ
