Bedrock, a multi-asset liquid restaking protocol, expands to Bitcoin with strong backers
Summary
The investment round was led by OKX Ventures, LongHash Ventures, and Comma3 Ventures, and participated by Waterdrip Capital, Lbank Labs, Amber Group, ArcheFund, Whale Ground, and angel investors including Fisher Yu, co-founder of Babylon.Bedrock strives to remain at the forefront of staking innovation by offering users access to staking on Bitcoin. As the first protocol built natively on Babylon, Bedrock is excited to disrupt the staking innovation with the next phase of its growth on liquid staked Bitcoin (uniBTC) where it will be introduced in anticipation of Babylons mainnet launch. 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.