Bedrock Joins Forces with Binance Web3 Wallet for BTC Pre-Staking Program

A protocol designed for multi-asset liquid restaking. Bedrock announced a partnership with the Binance Web3 wallet This latest feature enables users to restake Bitcoin and earn uniBTC rewards, and the ongoing campaign will wrap up on August 7th.

To participate, users are required to link their Binance Web3 Wallet to Bedrock before they can start pre-staking the specific wrapped BTC token by minting uniBTC. Doing this will ensure a 3x increase in the rate of earning 21 Diamonds per hour for every uniBTC held. Consequently, each uniBTC housed in their Binance Web3 Wallet will yield 63 Diamonds per hour, along with additional rewards derived from Babylon staking.

The minimum entry for wrapped BTC staking is set at 0.0001 BTC. Increased Diamonds benefits will be credited to users within two weeks after the campaign finishes.

For anyone looking to join in, simply launch your Binance Web3 Wallet, navigate to the 'Discover' section, and choose 'Exclusive Airdrop' to find the Babylon Staking Campaign page. After that, locate Bedrock in the presented list and click on 'Stake Now.' Once the page opens, opt for 'uniBTC' from the menu at the bottom, which will prompt a wallet connection.

After connecting successfully, users must select the specific BTC they want to stake along with the corresponding network. Bedrock currently accommodates various wrapped BTC types across multiple networks, such as wBTC and FBTC on Ethereum, wBTC on Optimism, and both BTC and wBTC on the B2 Network. Bitlayer Next, users should input the amount of BTC they wish to stake, hit the approve button, and follow the steps to authorize and stake their assets. A confirmation will pop up, where users need to select 'Stake' again to complete the process. Merlin Chain .

— Bedrock Bitcoin Restaking LIVE (@Bedrock_DeFi)

Bedrock is recognized as a multi-asset liquid restaking protocol, offering a non-custodial solution and developed in partnership with RockX, a reputable firm with a solid background in blockchain infrastructure and cryptocurrency staking. It facilitates both restaking and staking for various assets, including uniBTC, uniETH, and uniIOTX.

In May of this year, the innovative uniBTC was introduced as the inaugural liquid staking protocol for Bitcoin, building upon the foundations of the Bitcoin staking solution,

Chain. The uniBTC framework allows restaking for wBTC tokens on Ethereum, providing holders with the ability to earn yields without needing to withdraw their BTC. Babylon Please bear in mind that the content of this page is not meant to serve as legal, tax, investment, financial, or any form of advice. It is critical to invest only what you're comfortable losing and to consult with a financial advisor should you have any uncertainties. For additional details, it’s advisable to review the terms and conditions along with the help resources made available by the issuer or advertiser. While MetaversePost strives for accuracy and impartiality in its reporting, market conditions can change rapidly.