Summary
This proposal seeks to whitelist the Bedrock aggregator and silos on the Sturdy UI.
About uniETH & Bedrock
Bedrock is a non-custodial liquid native restaking solution designed with strong roots in crypto staking infrastructure. Designed to natively restake and harness additional EigenLayer rewards, Bedrock brings together institutional-grade security and additional yield to liquid staking ETH.
Bedrock offers a suite of products that include Liquid Restaking / Staking Tokens (LRT / LST) for Ethereum & IOTEX. Bedrock utilizes its universal (uni) standard to unlock liquidity and maximum value in PoS tokens, such as ETH & IOTX, with existing liquid staking tokens called uniETH & uniIOTX.
Bedrock’s universal token model represents:
- The staked PoS tokens in Bedrock
- All future staking rewards from staking on-chain
- EigenLayer & Bedrock Points
- uniToken is non-rebasing
TVL: $170 Mn+
ETH Restaked: 36.5k
IOTX Staked: 441m
Number of users: 3.3k+
Assets Supported: ETH
Silos
Bedrock proposes to add the following to the Sturdy UI.
Silo 1
Network: Ethereum Mainnet
Lending/borrowing asset: WETH
Collateral asset: uniETH
LTV: 90%
Liquidation fee: 3%
Silo 2
Network: Ethereum Mainnet
Lending/borrowing asset: WETH
Collateral asset: PT-uniETH (generated on Pendle)
LTV: 85%
Liquidation fee: 5%
Silo 3
Network: Ethereum Mainnet
Lending/borrowing asset: WETH
Collateral asset: Curve LP-uniETH (generated on Curve)
LTV: 85%
Liquidation fee: 5%
Aggregator
Lending asset: WETH
Initial whitelisted silos: uniETH, PT-uniETH, Curve LP-uniETH