# BR Turns One: Building the Yield Layer for Bitcoin Capital

**Published by:** [Bedrock](https://paragraph.com/@bedrock-2/)
**Published on:** 2026-03-20
**Categories:** br, bitcoin, btc, crypto, defi
**URL:** https://paragraph.com/@bedrock-2/br-turns-one-building-the-yield-layer-for-bitcoin-capital

## Content

Bedrock is building the yield layer for Bitcoin capital. Over the past year, that vision has shifted from concept to concrete reality. As we celebrate the 1-year anniversary of the $BR token, here are the key takeaways from our journey so far:A Pillar of BTCFi Infrastructure: Solidified Bedrock’s position as a top-tier BTCFi provider, managing around 6,200 BTC at its peak across 19 chains and 60+ DeFi integrations.Flagship Resilience: uniBTC remained our primary liquidity engine, maintaining a consistent baseline of 4,000+ BTC and peaking at 4,956 BTC in June 2025. A robust 10.8% recovery in March 2026 underscores high user retention and strong market trust.Portfolio Growth: Scaled TVL through a diversified structure: 80% uniBTC dominance, a 15% contribution from brBTC (our next-generation "BTC 2.0" product), and strategic expansion into uniETH and uniIOTX.Market Reach: Enhanced the liquidity and accessibility of the $BR governance token through strategic partnerships and listings on world-class exchanges, including Binance, Bybit, Bitget, Kucoin, and Gate.One Year Together: A Checkpoint in the Bedrock Journey On March 20, $BR officially turns one. Time flies when you’re building in the crypto space, and what a year it has been. From the high energy of our TGE to the steady growth of our ecosystem, your support has been constant in a year of market-wide evolution. Today, we’re taking a moment to slow down, celebrate what we’ve achieved together, and pull back the curtain on where we’re heading next. While $BR is celebrating its first birthday, the Bedrock mission has been in motion for years: a relentless drive to make capital more productive, transparent, and scalable for everyone. This isn’t just a beginning, it’s a major milestone in a journey we are proud to take with you.Looking Back: A Year of Proof, Progress, and PartnershipsThe last 12 months haven’t just been about growth, they’ve been about hardening. While the crypto market evolved through cycles of volatility, Bedrock remained focused on three core pillars: product innovation, ecosystem depth, and institutional-grade market access.Bedrock’s TVL is built on a clear foundation: uniBTC serves as our primary liquidity anchor, comprising nearly 80% of our total value. We complement this core with brBTC, our "BTC 2.0" flagship, which offers 15% in strategic diversification. The final 5% is optimized across uniETH and uniIOTX This structure highlights our strategy: prioritizing deep liquidity for our flagship BTC assets while selectively scaling utility across the rest of the ecosystem.As of March 19, Bedrock’s uniBTC staked volume stands at 4,578.9 uniBTC. Throughout a year defined by market-wide volatility, uniBTC demonstrated exceptional resilience, maintaining a disciplined baseline above 4,000 uniBTC regardless of external headwinds. Following a June 2025 peak of 4,956 and a brief consolidation, March saw a sharp 10.8% MoM recovery. This rebound validates our user retention and sets a strong growth foundation for the upcoming quarter in the BTCFi ecosystem.Ethereum remains our foundational liquidity anchor holding approximately 2,758 uniBTC, we have successfully architected a "Hub and Spoke" model that captures cross-chain volume:High-Growth Hubs: BOB (~851 uniBTC) and Base (~582 uniBTC) have rapidly emerged as vital secondary centers for our ecosystem.Strategic Frontiers: Our tactical expansion into BNB Chain (~197 uniBTC) and Berachain (~153 uniBTC) underscores our commitment to broad market penetration and ecosystem diversity.This tiered architecture ensures that uniBTC remains resilient and deeply liquid, perfectly positioned to capture value as the BTCFi landscape continues to shift and mature. Product Velocity: Relentless InnovationIn Year 1, we didn't just maintain the status quo, we redefined it. Our product team maintained a relentless shipping cadence, focusing on removing friction and expanding the utility of Bitcoin:Pioneering BTC 2.0: We launched brBTC, our next-generation yield product designed for the next era of Bitcoin finance.Vault Strategy Pathway: We expanded our Vault Strategies, offering users automated, risk-adjusted pathways to optimize their capital.Streamlined Onboarding: We introduced the "Zap-in" feature, reducing the barrier to entry for BTCFi to a single, seamless transaction.Ecosystem Breadth: We continued to advance our liquid staking footprint, driving deep integration for assets including uniETH and uniIOTX.Trust and transparency: the foundation behind growthIn 2025, Bedrock strengthened its position as a leader in BTCFi by prioritizing protocol transparency and security. Our growth was underpinned by three major technical milestones:Chainlink Proof of ReserveSecure Mint StandardsContinuous Hardening & Audit ExcellenceThese initiatives have significantly reduced structural minting risks and set a new benchmark for BTCFi. In today’s market, transparency is no longer a "nice-to-have" but it is the essential prerequisite for adoption.$BR Year One: A Strategic Milestone, Not a Finish LineDuring its first year, BR successfully expanded its footprint across the world’s most significant liquidity hubs, including Binance, Bybit, Bitget, Kucoin, Gate, and other exchanges. This expansion was met with immediate market validation. $BR dominated early trading conversations, notably maintaining its position as one of the most traded assets on Binance Alpha for nearly two consecutive months. However, we view exchange listings as the "first layer" of success. The true challenge and our primary focus is long-term ecosystem alignment. We are committed to ensuring that distribution, liquidity, governance, and utility evolve in lockstep to support a multi-billion dollar economy. March 20 is a vital checkpoint in our token’s lifecycle, but it is not a protocol reset.Unlock transparencyIn line with our transparency standards, we are confirming the scheduled vesting for our Seed Investors. Starting this month, 12.5% of the total $BR supply will be distributed according to the following disciplined schedule:Initial Unlock: 3.125% of total supply at the conclusion of March 2026.Linear Vesting: 0.52% monthly for 17 months thereafterFor full details about BR, please refer to: $BR Tokenomics Article Looking Ahead: The Next Chapter for BedrockThe next chapter of our journey is about building structural depth, not just market momentum. As we enter Year 2, our priority is to cement $BR’s role as the central nervous system of the Bedrock ecosystem through three strategic pillars:AI Integration: Expanding the $BR value proposition by integrating exclusive AI model access, allowing users to utilize $BR for advanced features.Protocol Governance & Fees: Deepening $BR's role within the Bedrock ecosystem through upcoming governance mechanics and fee-capture utilities to drive long-term sustainability and value for holders.Advanced Yield Vaults: Scaling Next-Gen Yield Vaults to automate multi-chain BTCFi strategies, providing sophisticated, risk-adjusted pathways for productive Bitcoin capital.Final wordsOne year is a meaningful milestone — and a good reminder of how much can be built when a community keeps showing up. Thank you for building with us through this first BR year. Bedrock’s journey continues, and we’re more than excited for what we build together next!FAQ Section Q: What are the exact details of this unlock? Who is getting the tokens?The unlock is allocated to our early investors. In total, 12.5% of the total token supply will be distributed to them over the next 18 months.The Cliff: 3.125% will be unlocked at the end of March 2026.The Vesting: Following the cliff, there will be a linear unlock of 0.52% monthly for 17 months.Q: With a major unlock coming on March 20, is the team going to defend the price or step in with buybacks? We want to approach the March 20 unlock with full transparency. This unlock has been part of the public schedule since day one, so it should not come as a surprise to the market. At this stage, our focus is not on short-term price management mechanisms like stepping in with buybacks. Instead, we believe it is healthier for the market to go through a natural price discovery process around the unlock. What we can commit to is strong long-term alignment from the team though:The team does not have plans to sell unlocked tokens in the near termWe are prepared to publicly disclose team wallets so the community can verify this on-chainOur goal is to build $BR into a token with real liquidity, active participation, and long-term utility rather than relying on short-term price interventions.Q: If the team isn’t defending the price, why should I care about $BR? The value of $BR should ultimately come from what the token enables, not from short-term price management by the team. Our focus is on building real utility and participation around the ecosystem — including product integrations, trading activity, and community incentives. Over time, this is what drives sustainable demand for the token. Short-term volatility around unlock events is common across crypto markets, but it also creates opportunities for new participants to enter and for the market to establish a healthier distribution. What matters to us is that:the unlock schedule is transparentthe team remains aligned long-termthe ecosystem of Bedrock continues to growThat is how we believe durable value is created.Q: "Allowing weak hands to exit" sounds like code for "VCs are about to dump on retail." Is that what’s happening here? Let’s be completely transparent: early investors are receiving their unlocked tokens, and it is natural to expect some of those tokens to enter the circulating supply. That is part of every token’s lifecycle and something we have been transparent about from the beginning. However, "VC dumping" happens when a team artificially props up a token price to provide exit liquidity. We are doing the exact opposite. By stepping back and letting the market organically reprice $BR, we are allowing a healthy transfer of tokens from passive early backers to active, high-conviction hodlers. We are ripping the band-aid off now so the market can build a real foundation without the shadow of this unlock hanging over it. Over time, a wider and more organic holder base is what gives a token real market depth and sustainability.Q: Once the unlock volatility settles, what is the actual fundamental roadmap for Bedrock? The unlock is just "Phase 1: The Reset." Starting in late March and moving through April, we will be rolling out major ecosystem and product signals. You can expect progress across several areas: Product development New integrations and product upgrades designed to deepen the role of Bedrock within the broader on-chain DeFi ecosystem. Institutional participation We are actively exploring partnerships with sophisticated trading firms and institutional liquidity providers to further strengthen market depth and adoption. Ecosystem expansion We will continue building within the Base ecosystem through collaborations, integrations, and community initiatives that increase real usage of $BR. The broader goal is to ensure that the token is supported by an expanding ecosystem rather than short-term narratives.Q: Will $BR get more utility so there is actual demand, not just trading speculation? Yes. High volume brings attention, and utility captures that attention. Over the next months, we are introducing deep, structural "sinks" for the $BR token to ensure it is consumed and utilized. In other words, the goal is to gradually introduce structural demand and usage for $BR so that the token plays a deeper role in the ecosystem beyond just trading. More details on these utility expansions will be shared alongside upcoming product updates.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. Bedrock continues to expand across chains. Following its recent BR deployment to Solana, Bedrock has now brought uniBTC to the network, further broadening access to BTC-backed yield opportunities. This move is part of a wider push to bring Bedrock to more ecosystems in the months ahead. Official Links Website | App | Documentation | Blog | X (Twitter) | Discord | Telegram

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