After watching multiple crypto cycles, I've noticed that the market usually pays attention to where capital is parked, but not to how capital evolves.
That's partly why $BR caught my attention.
Most yield systems treat yield as the final destination. Capital enters, rewards are generated and the process ends there. @Bedrock seems to be experimenting with a different idea. Turning yield into something that can remain liquid, transferable and useful across other layers of DeFi.
The interesting part isn't the yield itself.
It's the possibility that yield becomes a building block.
If that thesis plays out, future protocols may not just compete for liquidity. They'll compete for access to productive yield streams.
That's a subtle shift but historically, those shifts tend to matter the most.