ARPA AVS Welcomes uniBTC: Partnership with Bedrock Brings Liquid Restaked Bitcoin to EigenLayer Ecosystem

ARPA Official
4 min readNov 4, 2024

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We are delighted to announce a strategic partnership between ARPA Network, a leader in decentralized secure computation, and Bedrock, a pioneering multi-asset liquid restaking protocol. Building on our position as a top 3 Attestation Verification Service (AVS) by number of stakers and as the first-ever AVS — outside of EigenDA — to launch a rewards program through EigenLayer’s Programmatic Incentives system, this collaboration brings uniBTC, the first-ever liquid restaked Bitcoin, into the ARPA AVS on EigenLayer.

By adding uniBTC as a supported asset, ARPA opens up new liquidity pathways and reward opportunities for BTC holders, empowering them to unlock the full potential of their holdings across DeFi, while still retaining exposure to Bitcoin’s intrinsic value.

Introducing Bedrock and uniBTC

Bedrock: Multi-Asset Liquid Restaking Protocol

Bedrock is a multi-asset liquid staking protocol backed by a non-custodial solution, designed in partnership with RockX, a longstanding blockchain infrastructure company known for its robust crypto staking solutions. As an innovator in liquid staking, Bedrock enables high-yield opportunities across diverse blockchain assets. Its lineup includes:

  • uniBTC built on Babylon for Bitcoin holders,
  • uniETH built on EigenLayer for Ethereum, and
  • uniIOTX built on IoTeX for IoT asset integration.

Each of these assets aims to maximize returns while upholding Bedrock’s commitment to institutional-grade security, flexibility, and yield.

uniBTC: Unlocking Liquidity and Rewards for Bitcoin Holders

uniBTC is the first-ever liquid restaked Bitcoin that allows BTC holders to unlock liquidity and earn rewards within DeFi while retaining their Bitcoin exposure. By minting uniBTC through Bedrock, users can access a range of yield-generating activities such as liquidity provision, lending, and staking across 11 different networks and over 30 DeFi protocols. The restaking mechanism behind uniBTC prioritizes flexibility, allowing users to mint, transfer, or revert back to BTC as needed, ensuring holders maintain full control of their assets.

With a TVL nearing $150 million for uniBTC alone, Bedrock has drawn substantial institutional interest. Many clients contribute up to 300 BTC individually, highlighting the demand for secure, yield-driven Bitcoin staking solutions in DeFi.

ARPA AVS Supports uniBTC on EigenLayer

As one of EigenLayer’s top three AVS by number of stakers, ARPA AVS has consistently driven growth, innovation, and community engagement. In addition to being the first AVS (outside of EigenDA) to launch a rewards program through EigenLayer’s Programmatic Incentives system, ARPA has positioned itself as a trusted provider of high-performance, secure node operations.

This expansion to support uniBTC on ARPA AVS not only enhances Bitcoin’s role in the EigenLayer ecosystem but also broadens ARPA’s impact across diverse staking markets. Through ARPA AVS, uniBTC holders gain access to EigenLayer’s decentralized infrastructure, combining the security of Ethereum with ARPA’s cryptographic validation.

The integration of uniBTC on ARPA AVS signals a forward step for both projects as they bring Bitcoin liquidity into EigenLayer’s ecosystem. We are committed to exploring co-incentivization plans to boost growth and provide strong yield opportunities via EigenLayer and the AVS ecosystem. Stay tuned for upcoming announcements and programs designed to enhance your restaking experience.

About Bedrock

Bedrock is world’s first multi-asset liquid restaking protocol backed by OKX Ventures, Babylon’s Co-founder & more. Initially launched with uniETH on EigenLayer, it has grown to become the largest liquid staking protocol on the IoTeX network. With over $300M in Total Value Locked (TVL), Bedrock supports assets like uniBTC, uniETH, and uniIOTX, providing users with enhanced yields through integrations with EigenLayer and Babylon. Offering cross-chain support and robust security, Bedrock enables users to restake their assets while maintaining liquidity, making it a trusted solution for maximizing yield and security in the DeFi ecosystem.

Website: https://www.bedrock.technology/

Gitbook: https://docs.bedrock.technology/

X: https://twitter.com/bedrock_defi

About ARPA

ARPA Network (ARPA) is a decentralized secure computation network built to improve the fairness, security, and privacy of blockchains. ARPA threshold BLS signature network serves as the infrastructure of verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains.

ARPA was previously known as ARPA Chain, a privacy-preserving Multi-party Computation (MPC) network founded in 2018. ARPA Mainnet has completed over 224,000 computation tasks in the past years. Our experience in MPC and other cryptography laid the foundation for our innovative threshold BLS signature schemes (TSS-BLS) system design and led us to today’s ARPA Network.

Randcast, a verifiable Random Number Generator (RNG), is the first application that leverages ARPA as infrastructure. Randcast offers a cryptographically generated random source with superior security and low cost compared to other solutions. Metaverse, game, lottery, NFT minting and whitelisting, key generation, and blockchain validator task distribution can benefit from Randcast’s tamper-proof randomness.

For more information about ARPA or to join our team, please contact us at contact@arpanetwork.io.

Learn about ARPA’s recent official news:

Twitter: @arpaofficial

Medium: https://medium.com/@arpa

Discord: https://dsc.gg/arpa-network

Telegram (English): https://t.me/arpa_community

Telegram (Turkish): https://t.me/Arpa_Turkey

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Reddit: https://www.reddit.com/r/arpachain/

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ARPA Official
ARPA Official

Written by ARPA Official

ARPA is a privacy-preserving blockchain infrastructure enabled by MPC. Learn more at arpachain.io

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