Bedrock
  • πŸ‘‹Introducing Bedrock
  • Bedrock LRT
    • πŸ“–Introduction
      • πŸ’‘Intro to Liquid Staking
      • Intro to Liquid Restaking
        • πŸ”€Liquid Restaking with EigenLayer
        • πŸ‘ΌLiquid Restaking with Babylon
    • πŸ“‘How does LRT work in Bedrock
      • πŸ›οΈHigh-Level Architecture
      • πŸ§‡Modular Key Functions
    • BTCFI
      • BTCFI
      • BTCFI 2.0
    • πŸͺ™Restaking Rewards
    • πŸ’ŽBedrock Diamonds
    • πŸ’ΈArbitrum Grant Airdrop
    • 🀝Referral Program
  • Security
    • βœ…Audit reports
    • πŸ“‘Smart Contracts
      • uniBTC
      • uniETH
      • uniIOTX
      • brBTC
    • πŸ”Oracle-less
    • πŸ›‘οΈBattle Tested Protocol
  • Multi-Asset Liquid Staking
    • 🌟brBTC
      • πŸ—žοΈIntroduction
      • πŸͺ„Mint brBTC
      • Bridge
        • Step-by-step to bridge brBTC
    • πŸ…±οΈuniBTC
      • ▢️Introduction
        • πŸͺ™BTC staking mechanism
      • 🎯Staking wrapped BTC in Bedrock
      • Bridge
        • Step-by-step to bridge uniBTC
      • Unstaking
        • πŸ“–Step-by-step to unstake uniBTC
    • ✨uniETH
      • πŸͺ¨Introduction
      • Staking ETH
      • πŸͺ™Unstaking uniETH
      • πŸ’²Fees
    • πŸ—οΈuniIOTX
      • πŸ“ƒIntroduction
      • ✨What's uniIOTX
      • πŸͺ™Staking / unstaking IOTX
  • EigenLayer
    • πŸ”Introduction to EigenLayer
      • πŸ“ˆWhy Restaking
      • 🎯Restaking
        • πŸ”Non-Custodial Restaking
        • 🏬Delegation
        • 🚫Anti-slashing of Restaking
    • πŸ—³οΈEcosystem
      • Actively Validated Services (AVS)
    • πŸ’ͺRestaked Points
  • Babylon
    • πŸ”Introduction to Babylon
      • Restaking
    • πŸ’ͺRestaked Points
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On this page
  • What is uniBTC?
  • Why uniBTC?
  • How are staking rewards are distributed?
  • What's the minimum deposit?
  • What is the staking period for uniBTC?
  • How can I verify the total supply of uniBTC?
  • How can I verify all the deposits into uniBTC?
  1. Multi-Asset Liquid Staking
  2. uniBTC

Introduction

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What is uniBTC?

uniBTC represents the staked wrapped BTC token, wBTC is the first supported token to mint uniBTC.

1 uniBTC = 1 wBTC staked

uniBTC can also be sold and traded on various DEXs and CEXs if there is liquidity available for the trade.

Why uniBTC?

Bedrock uniBTC is the answer, the innovative restaking solution for wBTC holders to enjoy the BTC restaking rewards without redeeming wBTC. Plus it's still inheritance the high security standard on Ethereum blockchain, the entire staking / unstaking process are guarded by muliple rounds audited smart contract.

With the strong expertise of Bedrock team on various liquid staking and liquid restaking products running in a row, we do believe uniBTC will be a very good option for wrapped BTC tokens users to earn muliple rewards by simply minting their wrapped BTC tokens into uniBTC.

How are staking rewards are distributed?

What's the minimum deposit?

Bedrock gives everyone the opportunity to earn rewards on any amount of wBTC, as we do not have a minimum. We do recommend a deposit of at least 0.005 wBTC to make your transaction worthwhile. When you stake wBTC, you will receive uniBTC, which represents the staked wBTC.

What is the staking period for uniBTC?

This is dependent on the Babylon blockchain; there will be a lock period for BTC staking recognized by the Babylon network. However, you will receive uniBTC when you deposit and it will still gain staking rewards over time. uniBTC can also be sold and traded on various DEXs and CEXs if there is liquidity available for the trade and can be used to provide liquidity to earn additional yield.

How can I verify the total supply of uniBTC?

How can I verify all the deposits into uniBTC?

It's a long awaited that all the btc holders cannot enjoy yield while holding their BTC tokens safely. The market is anticipating the most prominent solution , while Babylon is designed to do restaking on top of BTC blockchain network, how about other BTC pegged token like wBTC, BTCB or other wrapped BTC tokens rather than the native BTC tokens?

In the first a few weeks during Babylon mainnet is live, there will be no restaking rewards, Bedrock team will incentive wBTC holders to try out wBTC restaking and earn potential rewards and multiple points, the user expeirence is very straightforward following this . Earn 21x booster Diamond points by simple staked wBTC into Bedrock protocol.

uniBTC is built on-chain, and all contracts are open-source and available for anyone to view. Total supply of uniBTC can be checked and verified via

uniBTC deposit smart contract captures all these information, which can be checked and verified via

πŸ…±οΈ
▢️
Babylon’s Bitcoin Staking Protocol
guide
Etherscan
Etherscan