The#BTCecosystem is on the eve of an explosion, and more and more people are realizing that it is a waste to have $1.2 trillion of assets sitting idle in wallets. With the rotation of the user-investor-developer flywheel, the BTC ecosystem is becoming one of the core narratives of this cycle. BTC staking and interest-earning is expected to release hundreds of billions of dollars of incremental funds. As an institutionalized liquidity staking platform, Bedrock is working with Babylon to release the potential of the#BTCstaking market of hundreds of billions!

#BTC worth 1.2 trillion US dollars is sleeping in the market. The current#BTCecological market TVL is only about 5.9 billion, accounting for only 0.49% of the total value of Bitcoin. The huge market potential has also led to the flourishing of Bitcoin ecological projects, but this game Tao still has some significant pain points:

① Security: It is difficult to transfer BTC across chains to a new layer and inherit Bitcoin security

② Income: Create stable and sustainable income for BTC holders

Project Introduction

Bedrock (@Bedrock_DeFi) is the world's first multi-asset liquidity re-staking protocol, supported by RockX's non-custodial solution, which aims to bring users seamless, secure and efficient staking services, providing diversified income opportunities and enhanced security measures while participating in the Proof of Stake network. The project design pays special attention to user experience and security, and is becoming an ideal choice for retail users and institutional investors.

Features

1️⃣ User-friendly interface:#Bedrockprovides an intuitive user interface that makes it easy for even DeFi novices to get started. The platform is designed to be simple and clear, allowing users to quickly find the features and services they need.

2️⃣ Diversified staking and yield farming:#Bedrocksupports staking and yield farming of multiple tokens, including #ETH, #IOTX, #BTC, etc. Users can earn additional income by staking their tokens. The platform also regularly launches new staking projects to attract more users to participate.

3️⃣ Security: To ensure the safety of users’ funds, Bedrock has adopted multi-level security measures, including smart contract audits and multi-signature technology. The platform has been running for more than a year, with more than 10,000 ETH successfully pledged and unpledged, and its security has been tested in practice.

Recently#Bedrockhas partnered with Babylon Labs: aiming to leverage Babylon’s technology and resources to introduce liquidity rehypothecation of Bitcoin (BTC), using $uniBTC tokens to enable BTC holders to generate yield while enhancing the security of the Proof of Stake (PoS) network. With Bitcoin’s $1.2 trillion market cap, Bedrock’s strategy leverages Bitcoin’s massive size to benefit the broader Proof of Stake (PoS) blockchain ecosystem.

#Babylon is the most popular BTC staking protocol currently, founded by Stanford University professor David Tse and Dr. Fisher Yu. The project has received $96 million in investment from top institutions including Paradigm, Polychain, Hack VC, Binance Labs, etc. #Bedrock's cooperation with Babylon is opening the door to#BTCstaking. As of now, there are nearly 300BTC staking commissions on RockX. Previously, BTC re-staking Cap1 has reached the upper limit of 400BTC, and Cap 2 pre-staking has been opened at 12:00 on August 21, which is worth paying attention to.

Bedrock allows users to stake $wBTC tokens on Ethereum to obtain $uniBTC, thereby earning rewards without having to sell $wBTC. For every wBTC token staked, one uniBTC unit is minted and distributed to your address. There is no minimum stake requirement, but the project officially recommends staking at least 0.005 wBTC to pay transaction fees.

Advantages of Bedrock’s uniBTC:

1️⃣Liquidity: Staking directly on Babylon will lock up BTC assets, making them lack liquidity. On the contrary, uniBTC can still be traded on various decentralized exchanges to maximize assets.

2️⃣ Simplified process: Bedrock simplifies the wBTC staking process, allowing wBTC to be staked on Ethereum, taking full advantage of Ethereum’s extensive DeFi ecosystem and security features.

3️⃣Multiple benefits: By minting wBTC into uniBTC, you can get multiple rewards, including staking rewards and potential booster diamond points, thereby increasing the overall benefits.

The current TVL of the project is as high as 153 million US dollars. The data has grown rapidly in the past year, increasing by as much as 7 times. Among them, there are 44,000#ETHand 452 million #IOTX, which fully demonstrates the recognition of users and institutions for the project. With the cooperation between#Bedrockand Babylon, it is expected to bring strong growth momentum to the project. Let's wait and see.

#Bedrock just won the BNB Incubation Alliance, which includes Binance Labs, Stanford Blockchain Accelerator, Franklin Templeton, Framework, Polychain and other well-known institutions. BNB Chain also announced that Bedrock will be quickly included in BNB Chain's Most Valuable Builder (MVB) program.

The latest project is constantly making trouble. Bedrock opened the Bitcoin re-staking pre-deposit for Cap 2 on August 21. Participants can get Babylon points in the future. In addition, after reaching Milestone 1, there will be a prize pool. Holding uniBTC can also get bedrock points and DeFi income.

Bedrock is partnering with @babylonlabs_io and @okxweb3 from August 12th to August 30th. When you re-stake BTC, you can get an extra 21x 💎 Diamonds or $10,000 $OP rewards. Don't miss it!

Investment institutions

The project received investment from OKX Ventures, LongHash Ventures and Comma3 Ventures, and angel investors including Babylon co-founder Fisher Yu followed suit. The specific financing scale is unknown and has not been announced yet.

Summarize

As an innovative multi-asset re-pledge protocol, Bedrock provides multi-asset support, including uniETH, uniIOTX and uniBTC, bringing unique returns to every user. The platform has further enhanced its competitiveness and market influence through cooperation with Babylon and the introduction of external cooperation. In the future, Bedrock is expected to continue to maintain its leading position in the re-pledge field and become an important builder in the DeFi field.