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When I first started reading about Bedrock I wanted to understand what made it different. Bedrock is a multi asset liquid restaking protocol that supports assets like ETH BTC and IOTX. Its goal is to help users keep their assets productive while staying connected to the wider DeFi ecosystem.
At first, I thought BR was just another governance token. I assumed people would simply hold it and vote once in a while. But after reading the documentation. I realized BR has a much bigger role.
BR is the starting point of the Bedrock ecosystem. Users can earn BR by taking part in the ecosystem trade it, or use it in different DeFi activities. If someone wants to become more involved, BR can be converted into veBR.
That is where the second part of the system begins.
Unlike BR, veBR is not meant for trading. It is designed for governance. People who hold veBR can vote on important decisions including how incentives are shared across different parts of the ecosystem.#MyGateTradeStory