I recently stumbled upon the Bedrock creator tasks, so let’s take a moment to discuss the history and evolution of this project @Bedrock
Hey guys, good afternoon.
I’ve been scrolling through Twitter these past few days and noticed several familiar faces retweeting the Bedrock creator tasks. To be honest, I’ve mentioned this project a few times in the community and during Spaces, but I’ve never really put it all together systematically.
Perfect timing! I spent the whole day going through Bedrock’s white papers, data, and token models from 1.0 to 2.0. To understand the current Bedrock, you need to go back to 2023 and see how it evolved to where it is today.#Redrock $BR
1. Bedrock 1.0: The early player that 'while others were hustling on Ethereum, it quietly went long on multi-chain re-staking.' Looking back at 2023-2024, what was the hottest thing in the LSD space?
Lido, Rocket Pool, Swell... everyone is going all out on Ethereum. Meanwhile, Bedrock made a very non-mainstream choice back in the day: instead of focusing on a single chain, they went for multi-asset + multi-chain liquidity staking.
Its 1.0 version mainly had three cards:
uniETH: Ethereum liquidity staking token, integrating re-staking through EigenLayer, allowing users to earn ETH staking rewards + re-staking bonuses.
uniIOTX: Exclusively for the IoTeX chain, capturing IoTeX validator yields.
uniBTC (prototype): What surprised me the most is that it started trying to bring Bitcoin into the re-staking world early on, syncing perfectly with Babylon.
So what was the outcome?
By Q4 2024, Bedrock's TVL surged to a historical high of $686 million, with over 278,000 users spanning 15 chains. The list of investors is also quite impressive: OKX Ventures, LongHash, Comma3, Waterdrip... even Fisher Yu, a co-founder of Babylon, is an angel investor.
However, 1.0 had a clear pain point: the yield sources were relatively singular, relying mainly on re-staking rewards provided by underlying protocols (like EigenLayer, Babylon, etc.). Users depositing could only earn a fixed APY without the ability to choose strategies based on their risk preferences.
Simply put, 1.0 felt more like a 're-staking aggregator' rather than an 'asset management platform.'
It's precisely because of this shortcoming that the team has nearly reconstructed the entire protocol over the past year — hence, we have Bedrock 2.0 now.
2. Bedrock 2.0: Upgrading from 're-staking protocol' to 'Bitcoin smart yield engine.' If you only saw 1.0, looking at 2.0 feels like two completely different projects.
Core change summarized in one sentence: Bedrock 2.0 is no longer content with just helping you secure basic re-staking yields; it aims to be the 'smart routing brain' for Bitcoin capital.
How did they achieve this? Through a modular vault framework (Modular Vault Framework).
uniBTC becomes a unified entry point, but behind it, you can choose different strategies. When you deposit BTC, you receive uniBTC. But uniBTC no longer follows a single path; it can dynamically allocate to four different vaults.
Delta-Neutral Vault: Managed by Selini Capital (a high-frequency trading firm established in 2019), it does CEX-DEX futures arbitrage, with returns having low correlation to Bitcoin's price fluctuations, making it suitable for bear or sideways markets.
DeFi-Native Vault: A high-turnover liquidity pool strategy, suitable for players with a higher risk appetite.
Lending & Credit Vault: An over-collateralized lending market with relatively stable yields.
RWA Vault: Real-world assets off-chain (like trade financing, US Treasuries), bringing real-world yields onto the chain.
Are you a conservative trader? Go for Lending or RWA. Are you more on the aggressive side? You can allocate part of your portfolio to DeFi-Native. Don't want to ride a one-sided market? Then go heavy on Delta-Neutral.
This is the true value of 2.0: breaking down strategies that were previously only available to institutions into modular vaults, allowing regular users to combine as needed.
BR token: Evolving from a 'reward token' to 'the key to the vault.'
In the 1.0 era, BR mainly served as rewards + governance. The 2.0 version adds three crucial functions:
Priority access: High-level BR holders can access scarce vault quotas (like certain limited-capacity institutional strategies).
Yield multiplication: Stake BR to earn veBR, then get a higher share in the same vault.
AI co-pilot access: this refers to BRclaw, which I'll talk about next.
The tokenomics have also tightened — for the first year, the team and investors have zero unlocks. As the uniBTC vault grows, the protocol will continuously consume or buy back BR, creating a deflationary flywheel.
AI on-chain analyst BRclaw (in testing) — that name is quite interesting, BRclaw = Bedrock + Claw.
It's like your on-chain co-pilot, helping you analyze the historical drawdowns, yield attribution, and risk exposure of each vault, and even simulating expected returns under different configurations.
To put it bluntly, in the past, if you wanted to understand an institutional-level strategy, you needed at least a quant background. Now, BRclaw translates all that complex stuff into plain language, lowering the barrier from 'professional players' to 'regular folks who know how to use DeFi.'
Three, personal views: Three points to focus on regarding Bedrock. After discussing the full scope of 1.0 and 2.0, let me get real.
First off, could uniBTC become BTCfi's 'stETH moment'?
We all know that in the Ethereum ecosystem, stETH is almost the foundational asset for all DeFi Lego blocks. What Bedrock aims to do is make uniBTC play a similar role in the Bitcoin ecosystem — what you hold isn't just static BTC, but 'live BTC' with multiple strategy yields. If this narrative really works out, the sky's the limit.
Second, the actual net yield of institutional vaults is key.
No matter how beautifully wrapped the strategy is, it ultimately comes down to real returns. The performance record of seasoned market makers like Selini Capital is solid, but on-chain vaults still need to account for security costs, protocol fees, gas, etc. After the vault operates for two or three quarters, if there are sustained and stable net yields, then that's the real moat.
Third, can the BR ve model form a positive feedback loop?
The PoSL dual-token model is well-designed, but it hinges on whether users are willing to lock up their tokens long-term. If most people just grab BR to sell, the governance and yield enhancement effects of the ve model will be diminished. The good news is that for the first year, the team and investors have zero unlocks, giving the community ample time to build a locking culture.
Four, summary: From 1.0 to 2.0, Bedrock underwent a very rare product paradigm shift — not just a simple feature iteration, but a redefinition of the protocol's identity.
1.0 era: Multi-asset liquidity staking + re-staking aggregator.
In the 2.0 era: Bitcoin smart yield engine, the routing layer for BTC capital.
As of June 2026, Bedrock's TVL stands at $382 million (historical high of $686 million), with over 5,000 BTC staked, valued at approximately $791 million.
As for that recent creator task, I took a look at the rules, which mainly revolve around content creation and dissemination about Bedrock 2.0 and the BR token. If you’re already writing about DeFi or BTCfi, completing the task is no big deal. But remember: don’t oversell just for the task; staying objective is fundamental for long-term success.
Alright, that’s a wrap on the past and present of Bedrock.
If you found this article helpful, feel free to like, share, and leave comments for discussion.
Let me know in the comments what aspect of Bedrock 2.0 interests you the most? #Redrock $BR