To be honest, I wasn't really into re-staking before; I thought it was just a way to fleece retail traders. Last night, I was bored and flipped through the Bedrock 2.0 whitepaper (I basically got the gist 😂), and I found out that the route from uniBTC to brBTC allows BTC to be wrapped before entering Babylon / Kernel for native + re-staking dual yields. The LP token can also be used elsewhere for farming, and liquidity isn’t locked up — this is way more appealing to me than pure LSD.
$BR is the governance token; locking it as veBR allows you to earn fees + vote on parameter changes, so it’s not just for speculation. If you have a bit of BTC and don’t want to sell but have some idle cash, you might want to check this out; it’s at least better than leaving it in a spot account on an exchange... of course, do your own research (DYOR) and don’t just fomo in.
@Bedrock #bedrock $BR
$BR is the governance token; locking it as veBR allows you to earn fees + vote on parameter changes, so it’s not just for speculation. If you have a bit of BTC and don’t want to sell but have some idle cash, you might want to check this out; it’s at least better than leaving it in a spot account on an exchange... of course, do your own research (DYOR) and don’t just fomo in.
@Bedrock #bedrock $BR