What is Bedrock (BR)?

Deep Dive

1. Purpose & Value Proposition

Bedrock addresses Bitcoin’s limited utility in DeFi by creating liquid restaking tokens (e.g., uniBTC). Users stake BTC to earn yield while retaining liquidity for trading, lending, or collateral. This bridges Bitcoin’s security with DeFi’s yield opportunities, expanding BTC’s use beyond passive holding (BedrockDAO).

2. Technology & Architecture

Bedrock’s Proof of Staked Liquidity (PoSL) combines staking and governance:
- BR: Base token for transactions, staking, and fee payments.
- veBR: Non-transferable governance token earned by locking BR. veBR holders vote on protocol upgrades, emissions, and treasury allocations, with power resetting seasonally to prevent centralization.
The protocol uses Chainlink’s Proof of Reserve to ensure secure minting of BTC-backed assets (Chainlink).

3. Tokenomics & Ecosystem Growth

• Supply: Capped at 1B BR, with 20% allocated to community incentives and zero team/investor unlocks in Year 1.
• Ecosystem: Supports cross-chain liquidity via partnerships (e.g., Aptos, Base) and integrates with platforms like Aries Markets for lending/borrowing. Over $686M TVL and 250K+ users were reported in early 2025 (Bedrock’s 2025 Update).

Conclusion

Bedrock redefines Bitcoin’s role in DeFi by merging restaking rewards with governance-driven liquidity. Its veBR model aligns long-term participation with protocol growth. Can Bedrock’s seasonal governance resets effectively balance decentralization and adaptability as the ecosystem scales?