BR and veBR

Bedrock has established itself as the world’s first multi-asset liquid restaking protocol, empowering users to maximize yields while maintaining liquidity on assets like ETH, BTC, and IOTX. With broad restaked assets supported—including uniETH, uniBTC, uniIOTX, and brBTC—it delivers optimized yield opportunities through liquid restaking, DeFi, and specialized vaults.

In late 2024, Bedrock set a new precedent in the Bitcoin DeFi ecosystem by launching brBTC, an innovative liquid restaking token that unified fragmented yield opportunities. This milestone marked the transition into BTCFi 2.0, a new era aimed at maximizing rewards and expanding Bitcoin’s utility across DeFi.

Now, Bedrock is taking the next step in its evolution by introducing its native tokens, BR and veBR. Both BR and veBR are designed to promote active governance and reward its community, ensuring Bedrock's leadership in the liquid restaking space while paving the way for a more sustainable and dynamic future for users.

BR — Bedrock’s Governance Token

BR is the core utility token of Bedrock, designed to fuel incentives, governance participation, and liquidity provisioning. Here’s what it offers:

• Ecosystem Participation: Distributed to participants who contribute to Bedrock’s growth—such as liquidity providers and stakers—BR enables ongoing engagement and activity within the ecosystem.

• Tradable and Liquid – BR is a freely tradable asset integrated into DeFi protocols for lending, borrowing, and liquidity pools.

• Conversion to veBR for Governance – Users can commit BR to acquire veBR, gaining governance power and enhanced rewards.

veBR: Vote-Escrowed BR for Governance and Enhanced Rewards

veBR represents the vote-escrowed version of BR and is central to Bedrock’s PoSL governance and reward system. Users obtain veBR by converting their BR tokens for a specified period, signaling their long-term commitment to the protocol. veBR is non-transferable and designed to incentivize governance participation and sustainable ecosystem growth.

To bring this vision to life, Bedrock is partnering with Aragon, one of the most established DAO frameworks, known for its work with leading protocols like Curve and Mode. This collaboration ensures that Bedrock’s governance is robust, transparent, and designed for long-term sustainability.

• Governance Participation: veBR holders can propose and vote on key decisions, including protocol upgrades, BR emissions, validator selection, and treasury management.

• Boosted Rewards – Holding veBR boosts staking yields and enhances reward allocations, providing additional incentives for long-term participants.

• Seasonal Voting Power –veBR voting influence operates in governance seasons, ensuring fair and dynamic participation. Voting power resets each season, encouraging ongoing activity and preventing voter fatigue.

Together, BR and veBR create a self-sustaining cycle of liquidity, governance, and incentives—pioneering a new standard for BTCFi and multichain decentralized finance.