Bedrock uniBTC protocol
Overview
Bedrock, a multi-asset liquid restaking protocol, issues uniBTC, a Bitcoin liquid restaking token. When users deposit wrapped or bridged BTC, they receive uniBTC, which represents their deposit and can be used across Bedrock's DeFi integrations—including lending, liquidity provision, and trading—on EVM networks such as Arbitrum, Linea, and Scroll. The underlying BTC simultaneously accrues restaking rewards. In 2024, a vulnerability in uniBTC was exploited, causing losses of approximately $2 million.
Within The Counterparty graph, Bedrock uniBTC connects to 21 tracked entities, most strongly to Ethereum, Bitcoin, Arbitrum.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 21 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Bitcoin | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Base | 95% |
deployed_on | Optimism | 95% |
deployed_on | Binance | 95% |
deployed_on | Mantle | 95% |
deployed_on | Berachain | 95% |
deployed_on | Taiko | 95% |
deployed_on | Mode | 95% |
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
Questions on the record
What is uniBTC?
Bedrock issues uniBTC, a liquid restaking token, to users who deposit Bitcoin-denominated assets. The token remains usable in DeFi applications while the underlying deposit accrues restaking rewards.
Which chains support uniBTC?
uniBTC is live on multiple EVM-compatible networks, among them Arbitrum, Linea and Scroll, where it is available for use with integrated DeFi protocols.
Has uniBTC had a security incident?
A vulnerability in uniBTC was exploited, resulting in reported losses of approximately $2 million.