The multi-chain liquidity re-staking protocol Bedrock has completed its financing, led by OKX Ventures and others

2024-05-02 10:42:35

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ChainCatcher news, the multi-chain liquidity restaking protocol Bedrock has announced the completion of a funding round aimed at accelerating the development of its liquidity restaking solutions and driving further growth. This round of investment was led by OKX Ventures, LongHash Ventures, and Comma3 Ventures, with participation from Waterdrip Capital, Lbank Labs, Amber Group, ArcheFund, Whale Ground, and angel investors including Babylon co-founder Fisher Yu.

Currently, Bedrock's total locked value (TVL) on Ethereum (uniETH) and IoTeX (uniIOTX) has exceeded $200 million. Bedrock has launched its native cross-chain restaking service and has deployed it across multiple chains including Arbitrum, Linea, Scroll, and Manta, with plans to continue expanding to more chains in the future.

Additionally, Bedrock will soon release the first liquidity-staked Bitcoin (uniBTC) based on the Babylon protocol, providing users with Bitcoin staking services. Bedrock aims to achieve the next phase of growth through its liquidity-staked Bitcoin (uniBTC) and anticipates introducing this service before the launch of the Babylon mainnet to break through the limitations of staking innovation. Users can earn staking rewards while maintaining Bitcoin liquidity and participating in other DeFi activities.

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