Announcing Our Leading Role in the Investment of Bedrock, a Multi-Asset Liquid Re-Staking Protocol
Summary
As of today, around 41,344 ETH have been staked by 1,292 validators on RockX, the node operator and early contributor to BedRock.The popularity of restaking saw a significant surge following the Q4 2022 merge of Ethereums Beacon chain. Validators stake to store data, process transactions and add new blocks to the Ethereum network, and the total stETH/ETH supply now stands at 26.72%. Introduced by EigenLayer, restaking allows staked ETH to serve as security for protocols outside of Ethereum, in return for fees and rewards. Restaking not only enhances capital efficiency but also fosters ecosystem development.uniBTC, a universal bitcoin token by BedRock in partnership with , is at the forefront of staking innovation. With Proof-of-Stake (PoS) chains, a larger pool of staking capital increases user security and efficiency.