#bedrock $BR
Day 9/16: Why I chose Liquid Restaking over Lock Staking 🔓➡️💧
My biggest fear before staking ETH was: "Getting locked"
I have to wait 1 year after staking ETH. Even if the market pumps, I can't get my hands on it. Stuck ❌
The solution that Bedrock offers is Liquid Restaking ✅
How it works:
1. Send 1 ETH to the Bedrock smart contract
2. In return, you get 1 uniETH - this is the "liquid receipt"
3. You can keep the uniETH in your wallet, sell it, lend it in DeFi
4. In the meantime, the original 1 ETH is also staked in Bedrock and earn rewards
Result? The same ETH works twice.
Lock Staking = 1 income stream
Liquid Restaking = Staking rewards + DeFi yield = 2 income streams 💎
I'm still a newbie. This is how I understood it after reading the Bedrock docs.
If there are any crypto people here, please tell me in the comments what the risks of Liquid Restaking are. I'm learning 👇
Day 10/16 Tomorrow: Bedrock vs EigenLayer vs Swell - What's the difference?
This is not financial advice. Just documenting my learning journey 📚 NFA DYOR