Bedrock Announces uniBTC Unstaking Launch Date
Bedrock Announces uniBTC Unstaking Launch Date
🔓 BTC Freedom Arrives Thursday
Bedrock has set January 10th as the launch date for uniBTC unstaking functionality. Users will soon be able to directly redeem their uniBTC for BTC through the Bedrock dApp.
This follows Bedrock's May 2024 launch of uniBTC, their non-custodial liquid restaking solution that allows Bitcoin holders to earn staking rewards while maintaining liquidity. Key features include:
- 1:1 backing (1 BTC = 1 uniBTC)
- Security audited by PeckShield
- $200M+ historical TVL
- Integration with Babylon Chain's BTC Staking protocol
The platform aims to activate the estimated $1T in idle Bitcoin capital while supporting PoS networks.
uniBTC Now Bridgeable to TAC via Stargate Finance
uniBTC expands its cross-chain capabilities with new integration on TAC blockchain via Stargate Finance. Key features: - 1:1 bridging ratio from Ethereum to TAC - Fixed fee of $0.02 plus gas - Access to high-APR farming pools on TAC This follows recent expansions to BOB and Berachain networks, creating a multi-chain BTC-backed asset ecosystem. The integration complements TAC's existing Stargate infrastructure, which supports various assets including $TAC, $WETH, $wstETH, and $cbETH. [Bridge uniBTC on Stargate](https://stargate.finance/bridge)
Bedrock Launches on Rootstock, Expanding BTC-backed Asset Opportunities
Bedrock has expanded to Rootstock, Bitcoin's smart contract platform, enabling new DeFi opportunities for BTC-backed assets. Key features: - Mint uniBTC directly on Rootstock - Bridge existing uniBTC from other chains via Protocol Free - Access new DeFi and yield opportunities The integration combines Bitcoin's security with Ethereum-like functionality, allowing users to participate in DeFi while maintaining Bitcoin backing. [Learn more about the integration](https://mirror.xyz/0xF3c0C25090ae1458FC152947Aab57253cB8E0F0F/vuCn17XnzaJaT5dk10jjEcY4P5Up-DXuDIvmAJLNz8M)
Frax Finance Launches New Pools with High CRV Rewards
Frax Finance has launched new liquidity pools on Curve Finance featuring frxUSD/uniBTC and frxETH/uniETH pairs. The pools are offering significant CRV rewards with tAPR reaching up to 666.97%. - **New Pool Pairs:** - frxUSD/uniBTC - frxETH/uniETH - Additional pairs: wBTC, brBTC, ETH These pools build on previous Bedrock implementations which offered up to 43.69% tAPR on uniBTC & uniETH pools. [Start providing liquidity on Curve Finance](https://www.curve.finance/dex/ethereum/pools/?search=uni)
UniBTC Bridge Expands to Corn Network, More Networks Coming Soon
The UniBTC Bridge has expanded its cross-chain capabilities by launching support for the Corn Network, adding to its existing integration with Ethereum, Arbitrum, and BNB Chain. - **Current Networks**: Ethereum, Arbitrum, BNB Chain, and Corn Network - **Powered By**: Chainlink's CCIP technology - **Coming Soon**: Additional network integrations planned for this month *Previous developments included bridge functionality between Ethereum, Arbitrum, and BNB Smart Chain, with Phase 2 plans for Mode Network and Optimism integration.* Visit app.bedrock.technology/unibtc to start bridging assets.
Bedrock's uniBTC Pool Reaches #2 Spot on Pendle with 14% APY
Bedrock's uniBTC pool on Pendle Finance has achieved the second-highest APY among Bitcoin LRT pools, offering returns up to 14.05%. Key features: - Earn Babylon Labs points - 105x Bedrock Diamonds for upcoming TGE - Pool maturity date: Feb 27, 2025 - Additional rewards through Babylon Point Boost campaign - Extra 4.5M Babylon points available until Jan 31 The pool combines competitive yields with multiple reward structures, making it a notable option for Bitcoin holders seeking yield opportunities.