Bedrock

Bedrock is a multi-asset liquid restaking protocol that offers liquid tokens which represent the assets users have staked and can be used in other applications. The protocol's most widely known product is uniBTC, which aims to bring Bitcoin into decentralized finance applications; the ecosystem also has similar products for other assets such as ETH. BR is the governance token of Bedrock DAO and is available on networks such as Ethereum, BNB Chain, Base and Berachain.

BR holders lock their tokens to obtain voting power called veBR; the longer the lock period, the greater the voting power. veBR holders vote on governance proposals and take part in gauge votes that decide which liquidity pools incentives are directed to. This model aims to give the protocol's liquid staking tokens deep liquidity across different platforms and to have incentives distributed by community decision.

The BR price can be affected by factors such as the amount of assets held in Bedrock products, interest in Bitcoin-based finance (BTCFi) applications, the smart contract and collateral risks that the restaking model carries, and token unlocks. Lzzo.com publishes DefiLlama's US dollar reference price for Bedrock and a chart based on that data's history.