TL;DR
- Bedrock partners with Kernel to launch brBTC, a Liquid Restaking Token (LRT), optimizing interoperability and performance of Bitcoin-derived assets.
- Kernel, a pioneer in restaking on BNB Chain, provides its robust infrastructure to offer competitive yields and overcome previous DeFi limitations in Bitcoin.
- In addition to brBTC, Kernel also supports uniBTC, offering users various options to earn yields through advanced restaking strategies and direct staking.
Bedrock has announced its partnership with Kernel, a pioneering restaking protocol on the BNB Chain. This collaboration aims to transform the Bitcoin DeFi ecosystem with the launch of brBTC, an innovative Liquid Restaking Token (LRT) designed to optimize interoperability and performance of BTC-derived assets.
With this launch, Bedrock seeks to advance the vision of BTCFi 2.0, the next phase in Bitcoin’s evolution as a dynamic platform for yield generation, overcoming limitations faced by previous versions of Bitcoin DeFi, such as fragmented liquidity and limited restaking options.
Kernel, recognized as the first restaking protocol on BNB Chain, has proven its ability to create a robust and effective ecosystem, with over $50 million in total value locked (TVL) and partnerships with more than 25 major projects.
Kernel’s infrastructure is crucial for the successful implementation of brBTC, as it allows the integration of various Bitcoin derivatives such as WBTC, BTCB, and mBTC within a restaking protocol network. This provides users with the opportunity to earn competitive yields while addressing inefficiencies seen in earlier iterations.
Bedrock: Building a New Ecosystem for Bitcoin
The brBTC product is designed to offer investors an efficient and secure way to access Bitcoin’s DeFi ecosystem, allowing for dynamic asset allocation and enhanced security. Additionally, brBTC facilitates the creation of diversified yield strategies.
In addition to brBTC, Kernel also supports uniBTC, another Bitcoin-derived product from Bedrock. Users can choose to deposit brBTC to earn yields through Kernel’s advanced restaking strategies or directly stake uniBTC to earn exclusive rewards. Incentives include Kernel points and Bedrock Diamonds, among other benefits.
With this new partnership and the integration of brBTC and uniBTC, Bedrock and Kernel are bridging historically fragmented Bitcoin DeFi platforms, offering a cohesive and high-performance solution for investors.
