Those treating $BR as a voting token still haven't grasped its gas fee capture logic.
Many folks ask me what value $BR can actually capture, and I say go check out that rejected gas fee distribution proposal in the docs—the answer is hidden in the details.
Bedrock currently covers BTC, ETH, and DePIN as three yield-generating assets. Users deposit assets to get uniBTC or brBTC, while the assets themselves roll in interest within underlying protocols like Babylon, Kernel, and Symbiotic. Plus, brBTC holders can snag extra $BERA from Berachain and multi-layer DeFi returns from Pendle, creating a nested yield structure.
The issue is where the gas fees are going. The protocol processes thousands of minting, burning, and cross-chain operations daily, with the generated gas fees currently going straight into the operational treasury. There was a community proposal trying to tweak this distribution path—redirecting part of the gas fees to veBR stakers as supplemental incentives to truly align long-term holders with protocol growth. The proposal got shot down because the TVL wasn’t stable enough at the time. I watched the voter participation rates for ages and found that the main sources of opposition came from addresses with insufficient locking.
The real value of $BR goes beyond governance. Once locked as veBR, your voting power directly determines which chain and pool receive more systemic incentives—whether your held uniBTC pool can get extra weight depends entirely on where you cast your votes. Moreover, a portion of the protocol income earned weekly from ecosystems like Pendle will be used to buy back $BR and redistribute it to veBR holders. Add in the estimated annual staking yield of 15%-20% from locking veBR, and you have a complete closed loop from governance to incentives.
This doesn't mean you have to lock forever. But the gas fee decision-making power is on the table here; if you don’t lock, you’re handing over your vote on gas fee direction to someone else. Anyway, I've locked up what needed to be locked in the tier system; the rest will just let this closed loop run itself.
#bedrock $BR
Many folks ask me what value $BR can actually capture, and I say go check out that rejected gas fee distribution proposal in the docs—the answer is hidden in the details.
Bedrock currently covers BTC, ETH, and DePIN as three yield-generating assets. Users deposit assets to get uniBTC or brBTC, while the assets themselves roll in interest within underlying protocols like Babylon, Kernel, and Symbiotic. Plus, brBTC holders can snag extra $BERA from Berachain and multi-layer DeFi returns from Pendle, creating a nested yield structure.
The issue is where the gas fees are going. The protocol processes thousands of minting, burning, and cross-chain operations daily, with the generated gas fees currently going straight into the operational treasury. There was a community proposal trying to tweak this distribution path—redirecting part of the gas fees to veBR stakers as supplemental incentives to truly align long-term holders with protocol growth. The proposal got shot down because the TVL wasn’t stable enough at the time. I watched the voter participation rates for ages and found that the main sources of opposition came from addresses with insufficient locking.
The real value of $BR goes beyond governance. Once locked as veBR, your voting power directly determines which chain and pool receive more systemic incentives—whether your held uniBTC pool can get extra weight depends entirely on where you cast your votes. Moreover, a portion of the protocol income earned weekly from ecosystems like Pendle will be used to buy back $BR and redistribute it to veBR holders. Add in the estimated annual staking yield of 15%-20% from locking veBR, and you have a complete closed loop from governance to incentives.
This doesn't mean you have to lock forever. But the gas fee decision-making power is on the table here; if you don’t lock, you’re handing over your vote on gas fee direction to someone else. Anyway, I've locked up what needed to be locked in the tier system; the rest will just let this closed loop run itself.
#bedrock $BR