What Is Bedrock Token (BR)?
1. What Is Bedrock?
Bedrock is a multi-asset liquid restaking protocol—created by RockX—which enables users to stake major assets like Bitcoin (BTC), Ethereum (ETH), and IoTeX (IOTX) and earn yield while keeping liquidity. It offers liquid restaking tokens (LRTs) such as uniBTC, uniETH, uniIOTX and also brBTC, allowing holders to participate in DeFi without locking up assets entirely. The ecosystem is designed to be cross-chain, non-custodial, and built for maximizing capital efficiency. :contentReference[oaicite:0]{index=0}
2. Why Bedrock Was Created
Bedrock addresses several challenges in the staking / restaking and DeFi space:
- Liquidity vs. Yield Trade-off: Traditional staking locks up assets, reducing liquidity; Bedrock lets users earn yield without losing flexibility. :contentReference[oaicite:1]{index=1}
- Under-utilization of Assets: BTC, ETH and other assets often idle or only staked; Bedrock unlocks extra yield via restaking and partner integrations. :contentReference[oaicite:2]{index=2}
- Fragmented DeFi / restaking ecosystems: Different chains, different protocols; Bedrock aims for a unified, multi-chain approach to restaking and liquidity restaking tokens. :contentReference[oaicite:3]{index=3}
- Need for sustainable governance & incentives: By introducing veBR (vote-escrowed BR) and reward models, Bedrock aims for long-term alignment with users, liquidity providers, and governance participants. :contentReference[oaicite:4]{index=4}
3. How Bedrock Works
- Stake / Restake Assets: Users deposit supported assets (e.g. BTC, ETH, IOTX) into Bedrock and receive corresponding liquid restaking tokens like brBTC, uniETH, or uniIOTX. :contentReference[oaicite:5]{index=5}
- Earn Yield & Rewards: These LRTs accumulate rewards from staking and restaking partners (e.g. EigenLayer, Babylon, etc.), plus additional incentives from Bedrock’s protocol. :contentReference[oaicite:6]{index=6}
- Maintain Liquidity: Because the restaking tokens are liquid (non-custodial, non-rebasing in many cases), holders can use them in other DeFi protocols or trade them, without being locked. :contentReference[oaicite:7]{index=7}
- Governance Participation via veBR: Holders of BR can lock (“escrow”) their tokens to obtain veBR, a non-transferable governance token; the longer/stronger the lock, the greater the voting power. veBR holders vote on protocol parameters, incentive allocation, liquidity gauge weights, and more. :contentReference[oaicite:8]{index=8}
- Cross-chain & DeFi integrations: Bedrock works across multiple chains, integrating with many DeFi partners so restaking tokens and BR/veBR governance touch assets and activity across ecosystems. :contentReference[oaicite:9]{index=9}
- Seasonal Resets & Emissions Management: To prevent governance concentration, Bedrock implements seasonal resets of voting power, and controls token emission schedules to maintain incentive balance. :contentReference[oaicite:10]{index=10}
4. Key Features of Bedrock
- Multi-asset support: BTC, ETH, IOTX among others for restaking. :contentReference[oaicite:11]{index=11}
- Liquid restaking tokens (LRTs) like brBTC, uniETH, etc. :contentReference[oaicite:12]{index=12}
- Non-rebasing tokens: value accrues rather than quantity increasing arbitrarily. :contentReference[oaicite:13]{index=13}
- Governance by veBR via vote-escrow locking mechanism. :contentReference[oaicite:14]{index=14}
- Cross-chain integrations and many DeFi partner protocols. :contentReference[oaicite:15]{index=15}
- Transparent tokenomics: fixed max supply, circulating vs total supply clearly defined. :contentReference[oaicite:16]{index=16}
- Emission / voting resets to avoid centralization of influence. :contentReference[oaicite:17]{index=17}
- Strong ecosystem incentives: airdrops, liquidity rewards, yield stacking. :contentReference[oaicite:18]{index=18}
5. Who Can Use Bedrock?
- Holders of BTC, ETH, IOTX & other supported assets wishing to generate yield without losing liquidity. :contentReference[oaicite:19]{index=19}
- DeFi users looking to utilize restaking, cross-chain yield strategies. :contentReference[oaicite:20]{index=20}
- Liquidity providers and stakers who want governance participation via veBR. :contentReference[oaicite:21]{index=21}
- Developers building integrations or using restaking tokens in DeFi protocols. :contentReference[oaicite:22]{index=22}
- Crypto investors who believe in BTCFi, yield stacking, and long-term token economics. :contentReference[oaicite:23]{index=23}
6. What Is the $BR Token?
$BR is Bedrock’s native utility and governance token. It is used for staking, protocol incentives, liquidity rewards, and governance participation. Holders can lock $BR to obtain veBR, which gives them voting power over protocol decisions. :contentReference[oaicite:24]{index=24}
The total supply of $BR is 1,000,000,000 tokens. Currently, approximately 220-230 million $BR are in circulating supply. :contentReference[oaicite:25]{index=25}
Additional utility & mechanics include:
- veBR Locking: Lock $BR for defined periods to obtain veBR; longer locks yield higher voting power. :contentReference[oaicite:26]{index=26}
- Reward Incentives: Users earn rewards via yield from restaking + ecosystem incentive programs like “Bedrock Diamond” etc. :contentReference[oaicite:27]{index=27}
- Gauge & Liquidity Voting: veBR holders have influence over allocation of incentives among liquidity pools via voting. :contentReference[oaicite:28]{index=28}
- Deflation / Supply Pressure via Circulation Management: Circulating supply is limited; locking and vesting reduce free supply; incentives encourage long-term holding. :contentReference[oaicite:29]{index=29}
