Curated News
By: NewsRamp Editorial Staff
May 01, 2024
Bedrock Secures Fundraising to Accelerate Liquid Restaking Solutions
TLDR
- Bedrock secures funding to expand liquid restaking solutions, offering an advantage in the staking market.
- Bedrock's secure technology allows users to earn staking rewards on multiple chains, including Ethereum and IoTeX.
- Bedrock's innovative liquid restaking protocol aims to bring institutional-grade infrastructure to the masses, contributing to a more secure and decentralized future.
- Bedrock's expansion to multi-asset restaking and introduction of liquid staked Bitcoin on Babylon's mainnet is an exciting disruption in the staking innovation.
Impact - Why it Matters
The introduction of liquid staked Bitcoin on Babylon's mainnet has the potential to revolutionize staking innovation and solve Bitcoin capital dormancy issues. This news is important because it signifies a significant milestone for Bedrock and has the potential to impact the broader decentralized economy, leading to a more secure and decentralized future.
Summary
Bedrock, the leading multi-asset liquid restaking protocol, has secured a significant round of fundraising from key investors including OKX Ventures, LongHash Ventures, and Comma3 Ventures. The company's combined TVL of both Ethereum and IoTeX has surpassed $200 million, and it continues to expand its native cross-chain restaking offerings. Furthermore, Bedrock is set to disrupt staking innovation with the introduction of liquid staked Bitcoin (uniBTC) on Babylon's mainnet, allowing users to earn staking rewards while maintaining their Bitcoin liquidity.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Bedrock Secures Fundraising to Accelerate Liquid Restaking Solutions
