Bedrock DeFi (BR)

Bedrock crypto is a leading liquid restaking protocol in decentralized infrastructure, supporting 19 chains and integrating with 60+ DeFi partners. It started with uniETH - its liquid restaking token on EigenLayer, but then expanded to become the first and largest liquid staking protocol on the IoTeX network.

Bedrock allows users to restake their tokens, allowing Bedrock uniETH holders to earn rewards not only from $ETH staking but also from restaking on EigenLayer, without compromising liquidity. In addition to that, Bedrock aims to integrate the Liquid Restaking Token (uniBTC) into the Babylon ecosystem, which focuses on $BTC staking. Soon, Bedrock will be able to accept variant LSTs in the market and help the LST holders earn extra yields without compromising the fund's security.

Bedrock provides a suite of products, including Liquid Restaking Tokens (LRT) for $wBTC, $ETH, $IOTX, etc.  Leveraging its universal (uni) standard, Bedrock maximizes liquidity and value for PoS tokens like $wBTC, $ETH, and $IOTX through its existing LSTs: Bedrock uniBTC, uniETH, and uniIOTX.

Bedrock uses its innovative Proof of Staking Liquidity mechanism that aligns the interests of liquidity providers, long-term participants, and the entire Bedrock ecosystem. 

🪙 BR Token: Bedrock ecosystem uses a dual-token model consisting of $BR and its vote-escrowed token $veBR, where both are designed to promote active governance and reward its community, ensuring Bedrock's leadership in the liquid restaking space. $BR is the core utility token of Bedrock, designed to fuel incentives, governance participation, and liquidity provisioning. $veBR plays a key role in Bedrock’s PoSL governance and reward framework and can be acquired by staking $BR tokens. Bedrock aims to reward active ecosystem participants, hence, they have allocated 20% of the total Bedrock Token supply to the community. The first season of their Airdrop campaign, which started on January  30th, 2024, has already ended, and Checker is now live. For users who didn’t participate, Diamond Season 2 opens a new window of opportunity.

Considering the upcoming Bedrock Airdrop Season 2 campaign, our team completely analyzed the project, revealing several pros and cons:

✅ Bedrock DeFi pros:

• Good design of the product;
• Backed by Tier-2 funds (OKX Ventures, Amber Group);
• Good Partners ecosystem (Binance Wallet, Arbitrum, Linea, EigenLayer);
• High PR score;
• Low Token Inflation Rate (0,67% per month in the first year);
• Above-average Growth Marketing and SMM performance;
• Audited by a top-tier Company (PeckShield).

❌ Bedrock DeFi cons:

• Below-average SEO performance;
• Low Influencer Marketing score;
• No Marketing Infrastructure;
• High FDV ($104,17M);
• No clear Roadmap;
• Small info about the Team;
• No Bug Bounty programs.