Multi-chain liquidity re-staking protocol Bedrock completes financing, led by OKX Ventures and others

2024-05-02 10:00:00BlockBeatsShare to:

According to BlockBeats, on May 2, Bedrock, a multi-chain liquidity re-pledge protocol, announced the completion of a round of financing, which aims to accelerate the development of its liquidity re-pledge solution and drive its further growth. This round of investment was led by OKX Ventures, LongHash Ventures and Comma3 Ventures, and participated by Waterdrip Capital, Lbank Labs, Amber Group, ArcheFund, Whale Ground and angel investors including Babylon co-founder Fisher Yu. At present, Bedrock's total locked value (TVL) on Ethereum (uniETH) and IoTeX (uniIOTX) has exceeded US$200 million. Bedrock has launched a native cross-chain re-pledge service (Native Cross-Chain Restaking) and deployed it on multiple chains including Arbitrum, Linea, Scroll and Manta, and will continue to expand to more chains in the future. In addition, Bedrock will soon release the first liquidity pledged Bitcoin (uniBTC) based on the Babylon protocol to provide Bitcoin staking services to users. Bedrock hopes to achieve the next stage of growth through its Liquid Staking Bitcoin (uniBTC) and expects to introduce this service before the launch of the Babylon mainnet to break the limits of staking innovation. Users can earn staking rewards while maintaining Bitcoin liquidity and participating in other DeFi activities.

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