December 20, 2024 – Singapore, Singapore
Bedrock, one of the leading multi-asset restaking protocols, introduces brBTC – a transformative BTC derivative asset designed to redefine Bitcoin’s role in DeFi (decentralized finance).
As Bedrock’s innovative LRT (liquid restaking token), brBTC maximizes Bitcoin yield by enabling holders to deposit a variety of Bitcoin derivatives and earn rewards through a curated selection of advanced restaking protocols.
BTCFi 1.0 – A foundation with room to grow
The evolution of BTCFi began with BTCFi 1.0, which laid the groundwork for Bitcoin’s integration into DeFi.
This phase introduced staking protocols that allowed Bitcoin holders to generate yields, providing a glimpse of Bitcoin’s potential in DeFi.
However, BTCFi 1.0 also revealed key challenges – liquidity was fragmented across platforms,
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