What is Bedrock (BR)?

Deep Dive

1. Purpose & Value Proposition

Bedrock addresses a key inefficiency in crypto: idle capital, particularly Bitcoin. Traditionally, Bitcoin holders couldn't easily participate in DeFi yield. Bedrock solves this by being a liquid restaking protocol. Users can deposit assets like BTC, ETH, or IoTeX and receive a liquid token (e.g., uniBTC) in return. This token represents their staked position and can be freely traded or used in other DeFi protocols to earn additional yield, all while the original asset earns staking rewards.

2. Tokenomics & Governance

The ecosystem is powered by a dual-token model centered on Proof of Staked Liquidity (PoSL). The $BR token is the transferable governance and utility asset. Holders can lock their BR to receive veBR, a non-transferable voting escrow token. veBR grants holders governance rights over protocol decisions—like directing emissions and managing the treasury—and also boosts their staking rewards. This system incentivizes long-term alignment with the protocol's health.

3. Ecosystem Fundamentals

Bedrock’s primary innovation is its liquid restaking tokens (LRTs). uniBTC is its flagship Bitcoin-backed yield token. To ensure safety, the protocol integrated Chainlink's Proof of Reserve Secure Mint, which verifies BTC collateral on-chain before minting uniBTC, mitigating over-minting risks. These LRTs are integrated across a sprawling ecosystem of over 60 DeFi partners on 19+ chains, creating a hub for cross-chain Bitcoin liquidity and yield.

Conclusion

Fundamentally, Bedrock is infrastructure that transforms passive Bitcoin into productive, cross-chain DeFi capital through secure liquid restaking. Will its hub-and-spoke model become the central settlement layer for Bitcoin yield?