uniBTC vs brBTC: The Two Ways to Put Bitcoin to Work in Bedrock
@Bedrock has two BTC tokens and people mix them up. they do different jobs, and picking the wrong one means leaving yield on the table or taking risk you did not sign up for.
uniBTC is the original. a liquid restaking token built on Babylon, and the anchor of the protocol at roughly 80% of total TVL. deposit BTC, get uniBTC, it stays liquid and earns restaking yield. the clean, simple exposure.
brBTC is the "BTC 2.0" product. a composite that stacks yield across multiple restaking layers, Babylon, Kernel and Symbiotic, into one token. bigger yield surface, but more moving parts and more smart contract risk underneath. around 15% of TVL.
under 2.0 both feed the new routing layer. you hold the token, Bedrock allocates the underlying BTC across strategies, and BRclaw, their AI tool, helps decide where it lands.
trade read: want clean BTC restaking and liquidity, hold uniBTC. want stacked yield and accept the extra protocol risk, brBTC. $BR is the governance and utility layer over both, around $0.117 at a ~$29M mcap as of jun 4.
risk: brBTC's multi-protocol design means its risk is the sum of every layer it touches. more yield, more things that can break. and $BR itself is down ~44% on the month. match the product to your risk tolerance, not to the headline APY.
#Bedrock #BTCFi #DeFi
@Bedrock has two BTC tokens and people mix them up. they do different jobs, and picking the wrong one means leaving yield on the table or taking risk you did not sign up for.
uniBTC is the original. a liquid restaking token built on Babylon, and the anchor of the protocol at roughly 80% of total TVL. deposit BTC, get uniBTC, it stays liquid and earns restaking yield. the clean, simple exposure.
brBTC is the "BTC 2.0" product. a composite that stacks yield across multiple restaking layers, Babylon, Kernel and Symbiotic, into one token. bigger yield surface, but more moving parts and more smart contract risk underneath. around 15% of TVL.
under 2.0 both feed the new routing layer. you hold the token, Bedrock allocates the underlying BTC across strategies, and BRclaw, their AI tool, helps decide where it lands.
trade read: want clean BTC restaking and liquidity, hold uniBTC. want stacked yield and accept the extra protocol risk, brBTC. $BR is the governance and utility layer over both, around $0.117 at a ~$29M mcap as of jun 4.
risk: brBTC's multi-protocol design means its risk is the sum of every layer it touches. more yield, more things that can break. and $BR itself is down ~44% on the month. match the product to your risk tolerance, not to the headline APY.
#Bedrock #BTCFi #DeFi