Bedrock, a multi-asset liquid restaking protocol, expands to Bitcoin with strong backers
Summary
To date, Bedrocks combined TVL of both Ethereum (uniETH) and IoTeX (uniIOTX) has surpassed $200 million. More recently, Bedrock has offered native cross-chain restaking on chains including Arbitrum, Linea, Scroll, and Manta, and is continuously expanding to more chains in recent weeks.Bedrock strives to remain at the forefront of staking innovation by offering users access to staking on Bitcoin. Users can now earn staking rewards while maintaining their Bitcoin liquidity and participating in other DeFi activities.The concept of earning native staking rewards from restaking while contributing security to the ecosystem has led to rapid adoption of Ethereum restaking. With its secure technology, Bedrock has expanded to multi-asset restaking, bringing institutional-grade infrastructure to the masses.About BabylonBabylon is a blockchain project that designs security-sharing protocols for the decentralized economy, founded in 2022 by Stanford Professor David Tse and Dr. Fisher Yu. Professor Tse is a member of the U.S. Academy of Engineering and a renowned inventor of the legendary proportional-fair scheduling algorithm for wireless communications.
Funding
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