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TVL $800M+auditedUpdated Feb 15, 2024

Bedrock

Bedrock is a multi-asset liquid restaking protocol offering uniETH as a universal liquid restaking token with cross-chain capabilities.

Supported Chains
EthereumArbitrumOptimism
Key Features
Universal TokenCross-Chain NativeMulti-AssetInstitutional InfrastructurePartner Ecosystem

What is Bedrock?

Bedrock is a multi-asset liquid restaking protocol that offers uniETH, a universal liquid restaking token designed for cross-chain DeFi utility. Built by the RockX team, Bedrock aims to create a unified restaking standard that can be used across multiple blockchain ecosystems while providing exposure to EigenLayer restaking rewards. The protocol positions itself as infrastructure for the next generation of decentralized applications requiring economic security.

What distinguishes Bedrock is its focus on universal applicability. While many LRTs are Ethereum-focused, Bedrock designs uniETH for cross-chain use cases, partnering with various Layer 2s and alternative blockchains to expand utility. The protocol also emphasizes institutional-grade infrastructure, leveraging RockX's experience in enterprise blockchain services.

Bedrock has grown to significant scale, attracting deposits from users seeking cross-chain restaking exposure and those interested in the protocol's approach to universal token standards for restaking.

Key Statistics

  • Total Value Locked: $800M+ in restaked assets
  • Main Token: uniETH (universal restaked ETH)
  • Also Offers: uniBTC for Bitcoin restaking
  • Networks: Ethereum, plus bridges to multiple L2s
  • Team: RockX (institutional blockchain infrastructure)
  • Security Audits: Multiple audits from reputable firms
  • Focus: Cross-chain and institutional use cases

How Bedrock Works

Universal Restaking Model

Bedrock's approach to liquid restaking:

  1. User deposits ETH into Bedrock
  2. ETH is staked and restaked on EigenLayer
  3. User receives uniETH tokens
  4. UniETH can be used across supported chains
  5. Earns staking + restaking + partner incentives

Understanding uniETH

uniETH is designed as a universal standard:

  • Value-accruing token (exchange rate increases)
  • Cross-chain bridgeable to partner ecosystems
  • Designed for institutional and retail use
  • DeFi composable on multiple chains
  • Represents fully restaked ETH position

Cross-Chain Vision

Bedrock's multi-chain strategy:

  • Native on Ethereum mainnet
  • Bridged to partner L2s and chains
  • Unified liquidity across ecosystems
  • Partner integrations for utility
  • Standardized restaking across chains

Step-by-Step: Using Bedrock

Minting uniETH:
  1. Visit bedrock.technology
  2. Connect your Ethereum wallet
  3. Enter ETH amount to restake
  4. Approve and confirm transaction
  5. Receive uniETH immediately
Cross-Chain Usage:
  1. Bridge uniETH to supported chains
  2. Use in partner DeFi protocols
  3. Maintain restaking exposure
  4. Earn additional incentives
Withdrawing:
  1. Bridge back to Ethereum if needed
  2. Request withdrawal on protocol
  3. Wait for processing period
  4. Receive ETH when complete

Monitor your Bedrock positions with Fensory for unified portfolio tracking.

Bedrock Fees

Fee TypeAmountDescription
. . . . .. . . .. . . . . . -
Deposit0%No fee to mint
Protocol Fee~10% of rewardsOn restaking yields
BridgeVariableDepends on bridge used
WithdrawalProcessing timeQueue-based

Current APY Ranges

ProductTypical APYNotes
. . . . -. . . . . . -. . . -
uniETH3-6%+Staking + restaking + incentives
uniETH LP5-20%Partner chain incentives
uniBTC2-5%Bitcoin restaking yields
Rates vary based on EigenLayer activity and partner incentives

Key Features

1. Universal Token Standard

uniETH designed for use across multiple blockchain ecosystems.

2. Cross-Chain Native

Built for bridging and multi-chain DeFi from the ground up.

3. Institutional Infrastructure

RockX team brings enterprise blockchain experience.

4. Multi-Asset Support

Both ETH (uniETH) and BTC (uniBTC) restaking products.

5. Partner Ecosystem

Integrations with L2s and partner chains for expanded utility.

6. Standardization Focus

Working toward universal restaking token standards.

Bedrock vs Competitors

FeatureBedrockRenzoEther.fi
. . . . -. . . . -. . . -. . . . .
TVL$800M+$3B+$5B+
TokenuniETHezETHeETH/weETH
Cross-Chain FocusPrimarySecondaryLimited
Multi-AssetYes (ETH, BTC)ETH onlyETH only
Team BackgroundInstitutionalDeFi NativeDeFi Native
Token ModelValue-accruingValue-accruingBoth

Risk Considerations

Smart Contract Risk

Restaking protocols have significant smart contract complexity. Bedrock's multi-chain design adds additional contract surface area.

Bridge Risk

Cross-chain uniETH usage requires bridging, introducing bridge-specific risks and potential vulnerabilities.

EigenLayer Risk

Restaking introduces novel slashing conditions and economic security assumptions.

Cross-Chain Fragmentation

uniETH on different chains may have varying liquidity and utility.

Newer Protocol Risk

Bedrock is relatively newer in the LRT space compared to some established alternatives.

Dependency Risk

Cross-chain utility depends on partner integrations and bridge infrastructure.

Risk Disclaimer: DeFi protocols carry inherent risks including smart contract vulnerabilities and market volatility. Never invest more than you can afford to lose.

Frequently Asked Questions

What makes uniETH universal?

uniETH is designed for cross-chain use, bridgeable to multiple ecosystems while maintaining restaking exposure.

What is uniBTC?

Bedrock's Bitcoin restaking product, allowing BTC holders to earn restaking yields through wrapped BTC.

Is uniETH the same on all chains?

Yes, bridged uniETH represents the same underlying restaked ETH position regardless of which chain it's on.

Who is RockX?

RockX is an institutional blockchain infrastructure provider that built Bedrock for enterprise and retail restaking.

Can I use uniETH in DeFi?

Yes, uniETH is designed for DeFi composability across supported chains and partner protocols.

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