Staking · Liquid Restaking · uniETH
Bedrock is a multi-asset liquid restaking protocol; uniETH is its ETH liquid restaking token, backed by staked/restaked ETH and designed with institutional-grade standards.
Multi-asset liquid restaking (uniETH / uniBTC).
uniETH price
$2847.40
-3.1% 24h
Latest data · 15 min delay
Bedrock suffered a real uniBTC minting exploit disclosed September 2024 (~$2M) caused by an unaudited/faulty exchange-rate mint path; complex multi-asset, multi-chain contracts remain a primary risk surface despite subsequent audits.
Minting/redemption relies on correct asset pricing and reserve accounting. The exploit stemmed from mispricing ETH vs BTC; Bedrock now depends on Chainlink Proof of Reserve, so oracle correctness and availability are load-bearing.
Non-custodial but operationally dependent on node operators such as RockX and on external yield venues (Babylon, EigenLayer, Kernel, Pell, SatLayer); operator failure or misbehavior can impair backing.
uniETH/uniBTC are value-accruing wrapped claims; if reserves are compromised (as during the 2024 exploit) or redemption is impaired, the tokens can trade below their intended backing.
uniBTC/brBTC route wrapped-BTC collateral (e.g. wBTC) into restaking layers; the underlying wrapped assets and third-party restaking layers carry their own custody, slashing and liquidity risks that pass through to holders.
