Bedrock BR Token Explained: Restaking, Rewards, and Governance
Key Takeaways
- – Bedrock introduces multi-asset liquidity restaking, allowing users to stake BTC, ETH, and IOTX while retaining flexibility through derivative tokens like uniBTC and brBTC.
- – BR is Bedrock’s native token, used for governance, staking rewards, and ecosystem incentives. Locking BR into veBR boosts voting power and yield.
- – The Proof of Staked Liquidity (PoSL) model dynamically allocates rewards based on real-time liquidity, aligning incentives for long-term ecosystem growth.
- – Bedrock is committed to transparency and decentralization, with cross-chain expansion, DAO governance, and BTCFi 2.0 initiatives forming the roadmap ahead.
In the evolving world of Decentralized Finance (DeFi), users often face a trade-off: locking up tokens to earn yield or keeping assets liquid for other opportunities. Liquidity fragmentation across different chains and limited cross-chain options for tokens like Bitcoin only exacerbate this issue. Moreover, traditional staking models tend to reward short-term speculation rather than genuine, long-term community engagement.
Bedrock’s solution (BR/USDT): a restaking protocol that grants derivative tokens representing staked assets. These derivatives can then be used freely throughout the wider DeFi ecosystem, allowing participants to chase multiple layers of yield while still retaining exposure to their original tokens.
Table of Contents
- – Multi-Asset Restaking
- – Derivative Tokens: uniBTC, uniETH, and uniIOTX
- – brBTC and the BTCFi 2.0 Era
- – Proof of Staked Liquidity (PoSL)
- – Utility and Governance
- – Tokenomics and Distribution
- – Airdrops, Staking, and veBR
Real-World Use Cases and Scenarios
Governance Model: BR, veBR, and Gauges
- – Dual-Token Structure
- – Gauge-Based Voting
- – Seasonal Reset
Security, Transparency, and Past Incidents
- – Centralized Exchanges (CEXs)
- – Decentralized Exchanges (DEXs)
Strengthening the BR Value Proposition
- – Rewards and veBR Lock-Ups
- – Protocol Revenue and Fee Structures
- – Ongoing Community Incentives
Bedrock’s Core Features
Multi-Asset Restaking
Bedrock is among the first protocols to enable multi-asset restaking, welcoming not just one but several key cryptocurrencies under its umbrella. This approach gives participants more flexibility to diversify:
- – BTC Support: For many holders, Bitcoin’s integration into DeFi has been sluggish, due in part to bridging complexities.
- – ETH Compatibility: Ethereum is DeFi’s backbone, so integrating ETH and derivative tokens like uniETH is essential.
- – IOTX Inclusion: By incorporating IoTeX, Bedrock extends DeFi yields to devices and services in the IoT sphere, bridging real-world utilities with on-chain finance.
Derivative Tokens: uniBTC, uniETH, and uniIOTX
When you stake BTC, ETH, or IOTX in Bedrock, you receive derivative tokens that maintain the underlying value:
- – uniBTC: Mirrors your staked BTC.
- – uniETH: Reflects your staked ETH.
- – uniIOTX: Captures your staked IOTX.
These tokens can then be used on decentralized exchanges (DEXs), yield farms, or lending platforms. As the underlying assets continue to earn staking rewards, the derivative tokens retain their value and can be swapped, traded, or further staked elsewhere.
Image Credit: Bedrock Official Website
brBTC and the BTCFi 2.0 Era
Bitcoin’s inertia in DeFi is a longstanding challenge. Bedrock answers this with brBTC, a restaked Bitcoin token specifically geared toward unifying fragmented BTC yields across chains—a movement referred to as BTCFi 2.0. Rather than passively holding BTC, brBTC holders can earn multiple streams of yield on various DeFi platforms. By bridging Bitcoin to a multi-chain environment, Bedrock opens up new revenue channels for BTC holders and helps strengthen overall liquidity in DeFi.
Image Credit: Bedrock Official Website
Proof of Staked Liquidity (PoSL)
PoSL is Bedrock’s innovative consensus layer for determining yields. In contrast to static staking models, PoSL adjusts rewards based on real-time liquidity and user activity. Under PoSL:
- – Dynamic Yield: Rewards adapt to changing liquidity conditions, channeling incentives where they are needed most.
- – Integrated Liquidity Provision: Liquidity providers directly contribute to restaking, merging typical liquidity mining with staking incentives.
- – BR Rewards: PoSL participants receive BR tokens for actively supporting the network, which also grants them governance power.
The BR Token Explained
Utility and Governance
BR is not merely a reward token; it is Bedrock’s governance backbone. BR holders can:
- – Vote on Proposals: Suggest and vote on changes affecting fees, reward structures, or expansions to other blockchains.
- – Lock BR for veBR: Increase governance power by transforming BR into veBR, a non-transferable governance asset that offers enhanced voting rights and higher staking yields.
- – Shape Ecosystem Incentives: Decide how BR emissions and liquidity rewards are allocated across various pools and chains.
Image Credit: Bedrock DAO
Tokenomics and Distribution
Bedrock’s total BR supply is fixed at 1 billion tokens, with allocations designed to favor community empowerment and long-term growth:
Image Credit: Bedrock Documentations
To encourage a fair launch, team and investor tokens remain locked for the first year, ensuring no immediate large-scale sell-off can destabilize the token’s value.
Airdrops, Staking, and veBR
On March 20, 2025, Bedrock initiated the BR airdrop registration, allowing community members a 90-day window to claim tokens. This broadens network participation and rewards existing users for their support. Additionally, Bedrock’s upcoming BR staking feature will enable participants to convert BR into veBR, amplifying governance votes and improving yield potential.
Image Credit: Bedrock DAO
Real-World Use Cases and Scenarios
To illustrate the practical value of Bedrock’s approach, here’s a short scenario:
1. Alice holds 1 BTC. She stakes it on Bedrock, receiving brBTC in return.
2. Alice provides liquidity to a cross-chain DEX using her brBTC. She simultaneously earns trading fees and additional incentives from the DEX.
3. Bedrock’s PoSL rewards Alice with BR tokens for her contribution of liquidity and her staked BTC.
4. Alice locks BR for veBR, gaining more voting power in Bedrock’s governance. With her heightened influence, she can propose adjustments to how rewards are distributed, shaping the protocol’s future direction.
This chain of events shows how a single participant, by leveraging restaking and derivative tokens, can tap into multiple yield streams while still effectively owning their BTC.
Governance Model: BR, veBR, and Gauges
Dual-Token Structure
- – BR (Transferable): Freely traded and transferred. Grants governance rights but can be further upgraded by locking.
- – veBR (Non-Transferable): Gained by locking BR for a set duration. Rewards longer lock periods with higher voting weights, further aligning holders with the protocol’s long-term development.
Image Credit: Bedrock DAO
Gauge-Based Voting
Bedrock’s gauge-based system functions like multiple “reward faucets” directed toward specific liquidity pools. veBR holders vote on which pools receive higher incentives. This model ensures that the most beneficial pools receive the most support, rather than having the founding team alone decide on reward allocation.
Seasonal Reset
After each voting season, governance power and gauge votes reset, compelling participants to remain actively involved. This cyclical approach prevents permanent concentration of power, encouraging diverse viewpoints and fresh perspectives each season.
Security, Transparency, and Past Incidents
DeFiLlama and Chainlink Verification
A key component of Bedrock’s transparency is the verification of on-chain reserves using DeFiLlama and Chainlink’s Proof of Reserve. Through these services, the platform confirms that minted tokens like brBTC remain adequately collateralized by genuine BTC locked within the system. This reduces the risk of fractional reserves and bolsters trust among users.
The uniBTC Exploit of September 2024
While the Bedrock protocol has taken robust measures, it experienced a security exploit involving uniBTC in September 2024, resulting in roughly $2 million in losses. The team responded swiftly:
- – Immediate Investigation: Identified the vulnerability that allowed unauthorized minting or redemption.
- – Reimbursement Plan: Affected users were compensated, preserving community trust.
- – Protocol Upgrades: In-depth audits and contract improvements were implemented to reduce similar risks going forward.
This incident proved a crucial learning experience, underscoring the importance of ongoing security reviews, timely communication, and swift crisis management.
Where to Trade and Acquire BR
Centralized Exchanges (CEXs)
- – MEXC: Offers BR/USDT pairs for both spot and futures trades, typically with robust liquidity.
- – Bybit: Lists BR/USDT pairs, featuring active markets.
- – XT.COM: BR/USDT pairs with a consistent trading volume.
For traders seeking convenience and customer support, these CEX listings are a straightforward path to acquiring BR.
Decentralized Exchanges (DEXs)
If you prefer trustless, user-controlled platforms, you can trade BR on:
- – PancakeSwap V3 (BNB Smart Chain): Features BR/WBNB and BR/BSC-USD pairs, allowing you to swap directly from your crypto wallet without handing custody to a centralized entity.
Strengthening the BR Value Proposition
Rewards and veBR Lock-Ups
Locking BR to obtain veBR reduces the circulating supply, potentially boosting scarcity while deepening community commitment. Participants gain stronger governance rights and elevated staking yields, a model designed to reward long-term alignment rather than short-term speculation.
Protocol Revenue and Fee Structures
While not yet fully disclosed, any potential revenue-sharing or fee collection models that direct a portion of protocol fees toward buybacks or veBR holders would further reinforce BR’s tokenomics. As Bedrock grows, these structures could enhance demand and support consistent price levels.
Image Credit: Bedrock DAO
Ongoing Community Incentives
Bedrock frequently adjusts yield incentives, bridging liquidity needs with community participation. Over time, new airdrops, yield boosts, or specialized campaigns (e.g., yield battles between different pools) could create additional opportunities for BR holders to earn.
Image Credit: Bedrock DAO
Future Outlook and Milestones
Progressive Decentralization
Bedrock aims to gradually hand more control to the community through its DAO. In the short term, final protocol parameters and smart contract oversight remain partially centralized, ensuring stability and security. By late 2025 or beyond, veBR holders are expected to gain near-complete governance control.
Cross-Chain Expansion
As interoperability solutions mature, Bedrock plans to integrate with more chains, such as Polygon, Arbitrum, and possibly emerging networks focusing on specific verticals (like gaming or real-world assets). This multi-chain vision aims to grow user adoption, expand yield opportunities, and enrich liquidity across DeFi.
BTCFi 2.0 Initiatives
Bedrock’s BTCFi 2.0 roadmap includes:
- – Wider brBTC Adoption: Partner with protocols on different ecosystems to accept brBTC as collateral.
- – Unified BTC Yield: Extend aggregator functionalities that pool brBTC-based yields from various chains, simplifying user experience.
Upcoming Key Milestones
- – BR Staking Launch: Offer an official staking platform for users to lock BR and earn veBR.
- – Governance Upgrades: Introduce more advanced voting features and a framework for on-chain treasury management.
- – Security Audits: Ongoing partnerships with leading audit firms to ensure code robustness.
- – Aragon DAO Integration (or other frameworks): Solidify the transition to fully community-driven governance.
How to Get Involved
1. Claim or Purchase BR:
- – Join the ongoing airdrop registration if eligible.
- – Trade on major CEXs (e.g. XT.COM Spot BR/USDT) or DEXs.
2. Stake or Provide Liquidity:
- – Stake BTC, ETH, or IOTX on Bedrock to earn derivative tokens.
- – Provide liquidity to amplify returns while helping the protocol grow.
3. Participate in Governance:
- – Convert BR into veBR for greater voting power.
- – Vote in gauge allocations to influence yield distribution.
- – Submit proposals to shape Bedrock’s future.
Conclusion
Bedrock stands at the intersection of high-yield DeFi strategies and user-centric design, offering a multi-asset restaking model that sidesteps typical liquidity trade-offs. Through uniBTC, uniETH, uniIOTX, and brBTC, users can earn staking rewards while exploring diverse DeFi protocols.
The BR token unifies Bedrock’s governance, incentive, and staking systems. Locking BR for veBR grants greater influence over protocol parameters, supporting sustainable growth. With a transparent PoSL mechanism, secure cross-chain integrations, and a clear focus on security, Bedrock shows strong commitment to long-term viability.
For users or institutions seeking better yield strategies, Bedrock’s BTCFi 2.0 and governance model offer a compelling path forward—solving DeFi’s core pain points and building a more inclusive financial future.
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