Bedrock, a multi-asset securitized restaking protocol, expands to Bitcoin with strong backers.
Bedrock, a leading multi-asset liquidity re-staking protocol, accelerates its liquidity re-staking solutions and secures funding through investments to drive further growth. The investment round was led by OKX Ventures, LongHash Ventures, and Comma3 Ventures, with participation from angel investors including Waterdrip Capital, Lbank Labs, Amber Group, ArcheFund, Whale Ground, and Babylon co-founder Fisher Yu.
Since its inception, Bedrock has established itself as a safe LRT player providing institutional-level service. To date, the combined TVL of Bedrock’s Ethereum (uniETH) and IoTeX (uniIOTX) has exceeded $200 million. Recently, Bedrock has offered native cross-chain re-staking for chains including Arbitrum, Linea, Scroll, and Manta, and has continued to expand to more chains in recent weeks.
Bedrock strives to be at the forefront of staking innovation by providing users with access to Bitcoin staking. As the first protocol built natively on Babylon, Bedrock is excited to disrupt staking innovation through the next phase of growth for liquid staking Bitcoin (uniBTC), which will be introduced in anticipation of Babylon’s mainnet launch. Users can now maintain Bitcoin liquidity and earn staking rewards while engaging in other DeFi activities.
The concept of earning native staking rewards through re-staking while contributing security to the ecosystem has led to the rapid adoption of re-staking on Ethereum. Bitcoin staking could potentially replicate this success, solving Bitcoin capital dormancy and the capital dependence problem of PoS chains, with over $1 trillion of untapped idle capital in 2024.
Introduction to Bedrock
radical A pioneering liquid re-staking protocol for decentralized infrastructure. It started with uniETH, EigenLayer’s institutional-grade liquid staking token and later expanded to become the first and largest liquid staking protocol on the IoTeX network, with a cumulative TVL of over $200 million to date. Through its security technology, Bedrock has expanded into multi-asset reclamation, bringing institutional-grade infrastructure to the public.
About Babylon
Babylon is a blockchain project designing a secure sharing protocol for a decentralized economy, founded in 2022 by Stanford professor David Tse and Dr. Fisher Yu. Professor Tse is a member of the National Academy of Engineering and the renowned inventor of the legendary proportional fair scheduling algorithm for wireless communications. Babylon leverages the three fundamental aspects of Bitcoin to innovate three secure sharing protocols: Bitcoin Staking Protocol, Bitcoin Timestamping Protocol, and Bitcoin Data Availability Protocol. With these pioneering protocols, Babylon envisions a more secure and decentralized future.
Media Contact:
Person in charge: Yeojun, Marketing Manager
Company website: www.bedrock.technology
Staking Link: https://app.bedrock.technology/unibtc
Company email: (email protected)
Social Media Links:
Twitter: https://twitter.com/bedrock_defi
Dissension: https://discord.com/invite/ctXrm6wfeg
middle: https://medium.com/@bedrock_defi
