Enable brBTC/BTCB (0.05% fee tier) V3 gauge on BNB Chain

Gauges
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Overview

  • Proposal to enable brBTC/BTCB 0.05% V3 gauge on BNB Chain.

Background

  • Bedrock is a pioneering multi-asset restaking protocol supporting BTC, ETH, and IOTX, enabling users to unlock impressive yields—some exceeding three digits—while maintaining asset exposure. Backed by top investors, including OKX Ventures, Longhash, Comma3 Ventures, and Waterdrip Capital, Bedrock ensures robust security through audits by PeckShield and Blocksec.

  • As Babylon’s first liquid restaking partner, Bedrock introduced uniBTC, the first Bitcoin LRT, setting a historic precedent in DeFi.

  • Bedrock has a TVL of $600m with over 200,000 users, and is partnered with most of the major DeFi players including OKX, Curve, Balancer, Pendle, Amber, Chainlink, Penpie, Equilibria, Corn, Arbitrum, Optimism, Mode, Mantle, SatLayer, Binance Chain, Babylon, BOB, Avalon, Camelot, Velodrome, and many others.

Details

  1. **[Boost Multiplier and Emission Cap % ]
    1.00x boost multiplier and 0.5% emission cap

  2. Audits:
    Audit reports of brBTC & uniBTC

  3. Token Utility:
    uniBTC is minted from BTCB & fBTC on BNB Chain, pegged 1:1 to BTC
    brBTC is minted from fBTC, m-BTC, BTCB, and uniBTC. and is also pegged 1:1 to BTC.

  4. Volatility:
    uniBTC unstake is already live and brBTC unstaking will be live in the near future as well, so users may redeem either token back to BTCB, fBTC, or in brBTC’s case, m-BTC 1:1.

  5. Oracles:
    We’re working with Chainlink for Proof of Reserve, and the uniBTC vault can also be checked here: 0x84E5C854A7fF9F49c888d69DECa578D406C26800

  6. Control:
    0xf940230a3357971fe0F22E8C144BC70d9fA91d43

  7. Merit: How will this proposal benefit PancakeSwap (fees, marketing, users, etc.)?
    Bedrock offers a robust Diamond points system for all uniBTC & brBTC holders and LPs. In addition, Bedrock has plans to bribe the pool to boost engagement and growth.

  8. Vault Strategy (for Position Managers only): What strategy does the vault use? Broadly, how does it work? Please share documentation if possible

Links

  1. Token address
    uniBTC: 0x6B2a01A5f79dEb4c2f3c0eDa7b01DF456FbD726a
    brBTC: 0x733a6c29eDA4a58931AE81b8d91e29f2EAf01df3
  2. Liquidity pool address
    PancakeSwap
  3. Position manager vault address (if applicable)
  4. Website
    Bedrock App
  5. Socials
    x.com
  6. Documentation
    Introducing Bedrock | Bedrock Documentation
  7. Github
    Bedrock · GitHub
  8. Any other relevant links
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