📑How does LRT work in Bedrock

uniETH is a LRT token on EigenLayer, with relatively matured system flow and restaking service live in mainnet, so uniETH is used to explain the high level architecture of Bedrock

Ethereum holders stand to enjoy sustainable and increasingly diverse yield opportunities by safeguarding the Ethereum network and leveraging the enhanced yield enabled by restaking.

We will initially enable a secure LRT protocol supporting native restaking, known as uniETH. ETH is natively staked and restaked via Eigenpod, treating it as an external manager with the Eigenpod address controlled by the Bedrock staking contract.

This design is future-proof, allowing for contract upgrades to accommodate future restaking delegation. The modular design enables us to implement the best strategies for operator delegation and AVS selection, equivalent to choosing the optimal yield opportunities across AVS and selecting the best validator sets. With over three years of ETH native staking experience and a battle-tested Bedrock contract, we aim provide the best security and experience for our users.

Once the cap on liquid restaking is lifted, we will enable a vault accepting ETH and other LSTs, deploying them through EigenLayer on respective routes and leveraging the restaking delegation module for additional yield. Therefore, the Bedrock protocol becomes an one-stop solution for ETH holders to generate long-term yield.

uniETH undergoes an upgrade from an LST to LRT after one year, continuously providing high yield to uniETH holders.