Bedrock

• Bedrock is a multi-chain liquid staking protocol covering ETH, BTC and other assets.

• It issues liquid staking tokens usable across DeFi while the underlying remains staked.

• BR is the governance token.

• Supply allocated across community, ecosystem and contributors.

• Used for governance over staking parameters and reward distribution.

Pros:

• Multi-asset and multi-chain rather than a single-asset protocol.

• Institutional partnerships alongside retail deposits.

• Established deposits across several asset types.

Cons:

• Multi-chain deployment multiplies smart contract and bridge exposure.

• Competes against dominant single-chain liquid staking incumbents.

• Governance token with indirect claim on revenue.

• Exposure to liquid staking across several assets and chains.

• Diversification reduces single-ecosystem dependency.

• Weigh the expanded risk surface from multi-chain operation.

• Liquid staking spanning ETH, BTC and other assets under one protocol, rather than a separate provider for each.

• Holders of different staked assets must use a different protocol for each, with separate risk assessment.

• A single multi-asset protocol consolidates that, while concentrating the smart contract risk.

• Founded by a team operating publicly, backed by RockX.

• Backed by ecosystem investors including Binance Labs.

• No public ICO. Distributed via Binance ecosystem programmes and airdrop in 2025.

• Multi-chain deployment expands the contract and bridge risk surface.

• Dominant incumbents in single-asset liquid staking.

• Peg risk across multiple liquid staking tokens.

• Indirect token value capture.