Protocol/Project Name:
- Bedrock
Protocol Overview:
Bedrock, powered by RockX, is the first multi-asset liquid restaking protocol. At the forefront of this innovative protocol is uniBTC, a Bitcoin liquid staking token that enables holders to earn rewards on their BTC while maintaining liquidity—a major leap forward in leveraging Bitcoin’s $1 trillion market. When Babylon’s mainnet launched in August 2024, Bedrock quickly established itself as an industry leader by securing the highest amount of staked BTC within just five blocks.
Additionally, uniBTC is the first BTC asset to be supported by Eigenlayer, marking another significant milestone for Bedrock in the DeFi space. Bedrock has developed a strong DeFi ecosystem around uniBTC across several networks, partnering with top-tier protocols such as Curve, Uniswap, Compound, Pendle, and Corn Protocol, to enable users to create their own yield strategies effortlessly.
We are proposing to participate in Mode Network’s Season 3 incentives program to further develop the BTCFi ecosystem on Mode by attracting BTC stakers and liquidity providers. uniBTC will be the first Babylon liquid staking asset on Mode, offering unique opportunities for the Mode community to access Babylon rewards while participating in DeFi on Mode.
MS Receiver Address:
0x1Ae02CD8a4566A4f2432857D7A943765D1e3E757
Distribution Confirmation:
We confirm that we will use Merkl to distribute the incentives received.
Other Distribution Channels:
If protocols offer their own methods for distributing rewards, we may also leverage those avenues for distribution on a case by case basis.
Incentive Impact Statement:
Our participation in the Season 3 incentives will focus on the following objectives:
- Expand BTCFi on Mode: The incentive program will encourage users to bridge wrapped BTC assets to mint uniBTC, increasing TVL and driving restaking activities on Mode.
- Strengthen DeFi Partnerships: Through Mode’s co-incentives, Bedrock will deepen its relationships with DeFi protocols, bolstering liquidity and traction across DEXes, lending markets, and yield optimizers.
- Boost Community Engagement: By incentivizing BTC restakers, Bedrock will foster community growth on Mode, attracting participants from across multiple ecosystems.
Eligibility Criteria:
- uniBTC dApp: Stake uniBTC | Bedrock is live and ready to interact with the Mode ecosystem.
- Mode Deployment: uniBTC is already deployed on Mode and can be tracked via ModeScan here.
Additional Information:
We are the first Babylon Liquid Staking Token live on Mode and are committed to growing the BTCFi ecosystem. Our participation will allow Mode users to access Babylon staking rewards, opening the door to more efficient and scalable DeFi opportunities.
Bedrock has established strong connections with top Mode-based DeFi protocols, such as Kim Exchange, Ionic, Sturdy Finance, and Splice, and will be working closely with these partners to create co-incentivized opportunities that promote consistent growth across the Mode Network.
Strategic Initiatives for Growth:
- Expand BTCFi Liquidity Pools: Co-incentives with partners will be focused on building liquidity across DEXes, lending markets, and yield optimizers.
- Co-incentivized Campaigns: We will collaborate with Mode’s top DeFi protocols to ensure sustained incentives for liquidity providers, driving TVL growth and participation.
3.Cross-chain Adoption: As part of Bedrock’s roadmap, we aim to further scale uniBTC adoption through integrations and incentivized staking campaigns, leveraging the Mode network to grow cross-chain activity.
Contact Information:
- Point of Contact: Alyssa, Business Development Manager at Bedrock
- Point of Contact’s TG handle: @alyssacherif
- Bedrock’s official handle X (Twitter): x.com
- Email: alyssa@rockx.com