banner

Bedrock Secures Funding for Liquid Restaking Solutions: Accelerating Growth in DeFi

Bedrock, a leading liquid restaking protocol for multiple assets, has successfully secured funding aimed at accelerating its liquid restaking solutions and driving further expansion.

The investment round was spearheaded by OKX Ventures, LongHash Ventures, and Comma3 Ventures, with participation from Waterdrip Capital, Lbank Labs, Amber Group, ArcheFund, Whale Ground, and angel investors including Fisher Yu, co-founder of Babylon.

Since its inception, Bedrock has established itself as a trusted player in the Liquid Restaking (LRT) space, offering institutional-grade services. Currently, Bedrock’s Total Value Locked (TVL) for both Ethereum (uniETH) and IoTeX (uniIOTX) has surpassed $200 million. More recently, Bedrock has introduced native cross-chain restaking on networks like Arbitrum, Linea, Scroll, and Manta, with plans to expand to additional chains in the coming weeks.

Bedrock is committed to leading staking innovation by providing users with access to Bitcoin staking. As the first protocol built natively on Babylon, Bedrock is eager to revolutionize staking with the introduction of liquid staked Bitcoin (uniBTC), set to coincide with Babylon’s mainnet launch. This will allow users to earn staking rewards while maintaining liquidity with their Bitcoin holdings and engaging in other DeFi activities.

The concept of earning native staking rewards through restaking while contributing to ecosystem security has led to rapid adoption of Ethereum restaking. Bitcoin Staking has the potential to replicate this success, addressing Bitcoin’s capital dormancy and the capital dependency issues of Proof of Stake (PoS) chains with an untapped idle capital exceeding $1 trillion in 2024.

banner

Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

Follow Us

Top Selling Multipurpose WP Theme

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

banner

Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Skip to content