Bedrock: Liquid Restaking Protocol for DeFi Profits
Bedrock is a liquid restaking protocol that allows users to stake assets across various networks to receive liquid staking tokens (LST) and rewards from integrated protocols. With each LST received, users can optimize capital efficiency in DeFi activities, thus increasing profits.
1. Bedrock's Operating Model
Bedrock operates on the principle of staking assets to earn LST and rewards. The staked assets are then restaked on integrated protocols to provide security to these networks. A key feature of Bedrock is its scalability, supporting multiple networks.
Bedrock offers benefits to participants:
- Users: Stake assets to receive LST, APY, and rewards from integrated protocols. They can then continue using LST in DeFi activities to optimize capital.
- Integrated protocols: Use Bedrock's services to enhance security and reward users.
2. Bedrock Features
One of the key features of Bedrock is restaking, allowing users to stake assets like ETH, WBTC, and IOTX to earn LST and rewards. Specifically:
2.1 ETH:
- Stake ETH to receive uniETH and rewards including APY, EigenLayer points, and Bedrock Diamond(reward points from Bedrock).
- Supported features:
+ zk.Link Nova: Stake uniETH to earn Extra Nova Points, increasing the chance to receive airdrops.
+ Manta Pacific: Deposit uniETH to earn yield and rewards.
+ Pendle: Provide liquidity to earn points from Pendle and Bedrock Diamond (x5 points if becoming an LP).
Currently, ETH staking is supported on Arbitrum One, Linea, and Scroll.
2.2 WBTC:
- Stake WBTC to earn uniBTC, along with rewards such as APY and Bedrock Diamond. UniBTC can be used in zk.Link Nova to earn Extra Nova Points.
2.3 IOTX:
- Stake IOTX to receive uniIOTX with APY rewards. Holding uniIOTX allows users to earn Bedrock Diamond points.
3. Bedrock's Airdrop Program
Bedrock has developed a Bedrock Diamond point system to incentivize users to participate and potentially qualify for future airdrops. The rules for earning Bedrock Diamond points are:
- Holding uniETH: Earn 1x Bedrock Diamond point.
- Providing liquidity with uniETH: Earn 2x Bedrock Diamond points.
- Holding uniBTC: Earn 21x Bedrock Diamond points.
- Providing liquidity with uniBTC: Earn 42x Bedrock Diamond points.
Users can also invite friends through referral codes to accumulate more Bedrock Diamond points.
4. Partnership and Airdrop with Arbitrum
Bedrock has also announced a partnership with Arbitrum, offering users the chance to receive airdrops:
- Start date: 10/06/2024
- Total airdrop: 262,000 ARB tokens
- Requirements: Hold uniETH on the Arbitrum network to receive ARB tokens, earn 4x Bedrock Diamond points, and EIGEN tokens (EIGEN token distribution details have not been revealed).
5.Conclusion
Bedrock is a unique platform offering profit-making opportunities through staking and restaking in the DeFi ecosystem. With its liquid staking feature and diverse integrated protocols, Bedrock helps optimize capital usage and security for users. The collaboration with large networks like Arbitrum further expands opportunities for receiving attractive airdrops, providing a chance for increased profits for participants.