Bedrock (BR)
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About BR
Bedrock DAO represents a pioneering decentralized autonomous organization that empowers its community through a unique governance framework. Utilizing two interrelated tokens, $BR and $veBR, Bedrock DAO enables holders to have a significant impact on decision-making within the ecosystem. The $BR token functions as the governance and reward token, facilitating participation in crucial governance proposals, while yielding various incentives that contribute to the advancements of the network. To enhance voting power, $BR tokens can be converted to $veBR, a voting escrow token that is acquired by locking $BR at a 1:1 ratio with longer lock durations meaning increased voting influence. Members of Bedrock DAO are actively involved in shaping the platform by voting on essential factors such as protocol parameters, incentive structures, and liquidity allocation. The governance model is designed to be dynamic, featuring a seasonal reset system that ensures fair participation and sustainability. With strong financial backing exemplified by reserves of 4,595.65 BTC and 16,252.22 ETH, Bedrock DAO delivers a solid foundation for its operations. Participants can stake their tokens, earn rewards, and play a vital role in the ongoing evolution of decentralized finance, making Bedrock DAO a noteworthy player in the blockchain landscape.
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Frequently Asked Questions about Bedrock
What is Bedrock DAO?
Bedrock DAO is a decentralized autonomous organization that governs the Bedrock Protocol, focusing on enhancing yield opportunities for cryptocurrency holders through liquid restaking tokens (LRTs) like uniBTC, uniETH, and uniIOTX.
Where can I buy Bedrock (BR) tokens?
Bedrock (BR) tokens can be purchased on various cryptocurrency exchanges, including Bybit, Gate.io, Bitget, MEXC, and CoinEx. BR is also traded on BSC decentralized exchanges such as PancakeSwap.
Where can I store Bedrock (BR) tokens?
BR tokens can be stored in wallets that support BSC tokens, such as Bitcoin.com Wallet, MetaMask, Trust Wallet, or hardware wallets like Ledger and Trezor.
How does Bedrock's liquid restaking work?
Bedrock's liquid restaking allows users to stake their assets while maintaining liquidity through liquid restaking tokens (LRTs). This enables users to maximize rewards across various decentralized finance (DeFi) platforms.
What is the role of the Bedrock (BR) token?
The BR token serves as the native governance token of the Bedrock ecosystem, enabling holders to participate in protocol decisions, optimize yield strategies, and drive innovation in liquid restaking.
How can I participate in Bedrock's governance?
By converting BR tokens into veBR (voting escrow tokens), users gain governance rights, boosted incentives, and active participation in protocol decisions.
What partnerships has Bedrock established?
Bedrock has partnered with platforms like Uniswap, Curve, Compound, Pendle, Corn Protocol, Gearbox, and Morpho to build customized yield strategies for uniBTC holders. Additionally, it has collaborated with key grant providers such as Arbitrum, Optimism, and Zeta Chain to expand its reach and improve its infrastructure within the cryptocurrency space.
What is Bedrock's Total Value Locked (TVL)?
Bedrock's Total Value Locked (TVL) exceeds $500 million, reflecting its growing adoption and trust within the DeFi community.
How does Bedrock ensure sustainable yields?
Bedrock's Proof of Staking Liquidity (PoSL) mechanism ensures sustainable yields and greater asset control for users, enhancing the overall staking experience.