Bedrock ($BR ) is the world’s first multi-asset liquid restaking protocol designed to be non-custodial (users maintain full control over their assets). This protocol was developed by RockX, a leading blockchain staking infrastructure company, and is backed by major investors like Binance Labs.
Here’s a summary of key points regarding the Bedrock crypto project:
1. Major Problem Solved
In traditional staking systems, when you lock up assets (like ETH or BTC) to secure the network and earn rewards (yield), those assets become "frozen" and cannot be utilized. Bedrock tackles this liquidity dilemma. Through Bedrock, you can stake and simultaneously restake assets while still receiving liquid representation tokens to be reused in the DeFi space.
2. How It Works & Key Products
When you deposit crypto assets into Bedrock, you’ll receive a uniToken (Universal Token). This token uses a non-rebasing model, meaning the number of tokens in your wallet doesn’t increase, but rather the redemption value keeps rising as staking rewards accumulate.
Some of their main products and tokens include:
uniETH: A representation of staked ETH that is automatically restaked to protocols like EigenLayer for layered rewards.
uniBTC & brBTC: Collaborating with protocols like Babylon, Pell Network, and SatLayer to bring restaking utility to the Bitcoin ecosystem (BTCFi). Bitcoin holders can earn yield from securing other networks without losing their original assets.
uniIOTX: A liquid staking solution specifically for the IoTeX network to optimize rewards in the IoT (Internet of Things) ecosystem.
3. Tokenomics & Utility of Token $BR
The native token of this ecosystem is BR, which operates on the Ethereum network (and extends to various EVM and non-EVM chains like Aptos).
#bedrock $BR
Here’s a summary of key points regarding the Bedrock crypto project:
1. Major Problem Solved
In traditional staking systems, when you lock up assets (like ETH or BTC) to secure the network and earn rewards (yield), those assets become "frozen" and cannot be utilized. Bedrock tackles this liquidity dilemma. Through Bedrock, you can stake and simultaneously restake assets while still receiving liquid representation tokens to be reused in the DeFi space.
2. How It Works & Key Products
When you deposit crypto assets into Bedrock, you’ll receive a uniToken (Universal Token). This token uses a non-rebasing model, meaning the number of tokens in your wallet doesn’t increase, but rather the redemption value keeps rising as staking rewards accumulate.
Some of their main products and tokens include:
uniETH: A representation of staked ETH that is automatically restaked to protocols like EigenLayer for layered rewards.
uniBTC & brBTC: Collaborating with protocols like Babylon, Pell Network, and SatLayer to bring restaking utility to the Bitcoin ecosystem (BTCFi). Bitcoin holders can earn yield from securing other networks without losing their original assets.
uniIOTX: A liquid staking solution specifically for the IoTeX network to optimize rewards in the IoT (Internet of Things) ecosystem.
3. Tokenomics & Utility of Token $BR
The native token of this ecosystem is BR, which operates on the Ethereum network (and extends to various EVM and non-EVM chains like Aptos).
#bedrock $BR