Bedrock (BR) is the governance token of a decentralized liquid restaking protocol that issues multi-asset liquid restaking tokens, including uniBTC, brBTC, and uniETH.
Its canonical contract sits on BNB Chain (BEP-20), while the broader protocol and its liquid restaking tokens are deployed across more than a dozen networks, including Ethereum, Base, and Berachain. The protocol is governed as Bedrock DAO and lets users restake Bitcoin- and Ethereum-based assets to earn yield while retaining liquidity.
Bedrock differentiates itself by extending liquid restaking beyond Ethereum to Bitcoin, issuing uniBTC and brBTC alongside uniETH so BTC and ETH holders can earn restaking yield without giving up liquidity.
Protocol TVL across its restaking vaults reportedly reached approximately $1.2 billion by May 2026, up from about $535 million in June 2025, aided by a Babylon integration and multi-chain expansion. BR and locked veBR let holders direct which vaults and networks receive incentive emissions, tying token utility directly to that restaking activity.
BR functions as both a governance and utility token within Bedrock DAO.
Holders can lock BR to obtain veBR, a non-transferable vote-escrowed token that grants voting rights over protocol parameters and boosts a holder's restaking reward incentives.
Bedrock's total and maximum supply is capped at 1,000,000,000 BR, of which approximately 291,666,666 BR (about 29.17%) is in circulation as of 2026-09-02.
Vesting extends into 2027 with cliff vesting, notably for the Strategic Reserve; a Founding Team unlock is scheduled for September 20, 2026. Net supply is disinflationary, released through scheduled unlocks rather than ongoing emission.
BR launched through a public IDO on the Binance Wallet platform on March 21, 2025, raising 194,853 BNB, about $123.2 million at the time. The offering targeted 2,018.53 BNB, resulting in an oversubscription of 9,653.21% filled in under one minute.
BR began trading on OKX, Bitget, Bybit, and Gate.io the same day. An earlier seed round had closed on May 1, 2024, led by OKX, LongHash Ventures, and Comma3 Ventures, over ten months before the public token launch.
BR's canonical contract is deployed on BNB Chain (BEP-20).
Bedrock's broader protocol and its liquid restaking tokens (uniBTC, brBTC, uniETH) are also deployed across a wide set of additional networks, including Ethereum, Base, and Berachain, reflecting a multi-chain rather than single-chain design.
Bedrock was founded and incubated by the team behind RockX, an institutional staking infrastructure provider founded in 2019 by veterans of Zilliqa and RockMiner. RockX reports managing $2.5 billion in assets and has contributed to Lido, Obol, and SSV.
Zhuling Chen, CEO and Founder of RockX, is named as a Core Contributor to Bedrock.
Bedrock is maintained as Bedrock DAO, a decentralized autonomous organization that rewards participants with BR and veBR tokens.
Its official presence includes bedrockdao.com, documentation at docs.bedrock.technology, and the GitHub organization Bedrock-Technology. An earlier seed round supporting the project's development was led by OKX, LongHash Ventures, and Comma3 Ventures.
Bedrock uses a dual-token governance model: BR is the transferable governance and utility token, while veBR is obtained by locking BR and grants voting rights plus boosted reward incentives.
The project describes this as a gauge-based governance model with long-term incentives and configurable parameters, framed as a "Proof of Staking Liquidity" system that ties community voting power to locked-token commitment rather than simple token balances.
In August 2026, Bedrock's Alpha Selini restaking vault approached full capacity, holding about 73 of 76 uniBTC (roughly 96%), reflecting continued growth in its vault-based product line.
New contract components such as cuniBTC and cuniBTC-SymbioticProxy were added to the protocol in 2026, extending its restaking infrastructure across additional asset types.
Bedrock's contracts have undergone multiple third-party audits by PeckShield and Blocksec between 2024 and 2026, covering uniETH, uniBTC, brBTC, cuniBTC, and cuniBTC-SymbioticProxy. The project states it undergoes periodic re-audits as new components are released.
On September 27, 2024, a mint-function pricing bug in uniBTC was exploited for about $2 million, though contracts were paused and reserves were unaffected; a later investigation attributed the exploit to a former partner-firm employee, and no user data was compromised.
Holder concentration is high, with the top 10 wallets holding 84% of total supply, and on-chain DEX liquidity is thin relative to market capitalization.