Bedrock's BR Token Launch Draws 9653% Oversubscription on Binance Wallet IDO, Reinforcing Community-Driven Bitcoin Staking
SINGAPORE, March 21, 2025 /PRNewswire/ -- Bedrock, the leading multi-asset restaking protocol in decentralized finance (DeFi) and part of GoldenBull Enterprise, has officially conducted its BR Token Generation Event (TGE) on Thursday.
As part of the launch, Bedrock introduced the Binance Wallet IDO, providing participants with early access to BR before its broader market debut. The IDO saw overwhelming demand, raising 194,853 BNB, which equates to approximately $123.2 million at the time of publication, based on a BNB price of $632. The initial target of 2018.53 BNB was filled in less than one minute, resulting in an oversubscription rate of 9653.21%. This response highlights strong confidence in BR's role within the BTCFi ecosystem.
On launch day, BR was also confirmed for spot and perpetual futures trading on OKX, Bitget, Bybit, and Gate.io, further expanding its market reach.
A Sustainable Token Model for BTCFi
BR is the governance and staking token of Bedrock, structured around Proof of Staking Liquidity (PoSL)—a dual-token model that introduces veBR to ensure alignment between liquidity providers, governance participants, and long-term stakers. By staking BR, users can earn veBR, unlocking increased rewards and voting power within the protocol.
"BR's launch is designed to be sustainable and community-led," said Zhuling Chen, Core Contributor at Bedrock. "By prioritizing a fair distribution model and aligning staking incentives with long-term growth, Bedrock sets a new standard for Bitcoin staking and governance. Through PoSL, users have the opportunity to shape the protocol while benefiting from enhanced staking rewards."
In keeping with its community-first approach, 20% of BR's total supply has been allocated to airdrops and incentives, with no vesting on the airdropped tokens. 5.5% was distributed during Season 1, while the remaining 14.5% is reserved for future community distributions, ensuring sustained engagement and decentralization.
What's Next for the Bedrock Community?
With the TGE now complete, Bedrock is preparing to launch Season 2 of its Diamonds and Loyalty Program, rewarding users for their continued support and participation. BR staking will be activated soon, offering holders the ability to earn yields and take part in protocol governance.
For more information, please contact [email protected].
About BedrockDAO
Bedrock DAO is the decentralized community at the core of the Bedrock ecosystem. Built on the principles of transparency, collaboration, and long-term alignment, the DAO empowers veBR holders to participate in the collective decision-making process that shapes Bedrock's future.
By joining Bedrock DAO, participants become part of a global movement redefining Bitcoin's role in DeFi through Proof of Staking Liquidity (PoSL)—unlocking new opportunities for sustainable growth and innovation across the multichain ecosystem.
About Bedrock
Bedrock is the first multi-asset liquid restaking protocol, pioneering Bitcoin staking with uniBTC. As the leading BTC liquid staking token, uniBTC enables holders to earn rewards while maintaining liquidity, unlocking new yield opportunities in Bitcoin's $1T market. With a cutting-edge approach to BTCFi 2.0, Bedrock is redefining Bitcoin's role in DeFi—while integrating ETH and DePIN assets into a unified PoSL framework.
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