One pattern keeps showing up in Bedrock. Governance may set the destination but liquidity usually decides the route.
veBR holders can influence long term direction yet the capital moving through uniBTC rarely waits for governance cycles when more efficient reward paths already exist on chain.
I've watched liquidity rotate toward opportunities where restaking incentives, collateral utility, and additional reward layers create better capital efficiency without giving up exposure.
That creates a gap between governance intent and market behavior. Votes establish incentives, but migrating capital continuously reveals which incentives are actually working.
In Bedrock liquidity often signals the next area of growth before governance has time to formalize it.