Bedrock (BR) is a cryptocurrency that powers the Bedrock platform—a system designed to help you earn rewards by staking your crypto assets while keeping them liquid.
What You Can Do with Bedrock
1. Stake Multiple Assets: You can stake cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and IoTeX (IOTX).
2. Receive Liquid Tokens: In return, you get tokens such as uniBTC, uniETH, or uniIOTX, which you can trade or use in other DeFi applications.
3. Earn Rewards: These tokens allow you to earn additional rewards without locking up your original assets.
Understanding BR and veBR Tokens
1. BR Token: This is the main token of the Bedrock ecosystem.
2. veBR Token: By locking your BR tokens, you receive veBR tokens, which grant you voting rights and higher rewards.
3. Governance Participation: Holding veBR allows you to participate in decision-making processes, such as voting on how rewards are distributed.
Key Features of Bedrock DAO
1. Proof of Staked Liquidity (PoSL): This system rewards you for providing liquidity, ensuring sustainable yields across various DeFi strategies.
2. Gauge-Based Governance: You can vote on different "gauges" that determine how incentives are allocated to various pools.
3. Seasonal Reset Mechanism: Voting power is periodically reset to promote fair participation.
