Bedrock (BR) is a liquid restaking protocol developed by RockX that allows users to earn yield without locking up their assets.
What is Bedrock?
Bedrock is a multi-asset liquid restaking protocol designed to maximize capital efficiency while maintaining asset flexibility. Users can stake various assets, such as BTC, ETH, and IoTeX, on the platform, enabling them to earn additional yield without locking their funds.
How Bedrock Works
Bedrock operates on a modular, non-custodial architecture that ensures asset safety while offering flexibility and composability across DeFi ecosystems. Users stake major assets like ETH or BTC and receive corresponding uni tokens in return. These tokens serve as proof of stake and entitle holders to future rewards, which can be used across various DeFi protocols. Notably, Bedrock eliminates oracle dependency, automatically calculating staking rewards using on-chain data.
What is BR?
BR is the core utility token of the Bedrock ecosystem, designed to power governance, incentivization, and liquidity provision. The total supply of BR is capped at 1,000,000,000 tokens, with an initial circulating supply of 210,000,000. Potential investors should assess both the growth potential and risks associated with investing in BR.
BR holds long-term potential due to its technical architecture and positioning in a fast-growing market, though it possesses inherent risks typical of crypto assets.
