TechFlow news, on May 2, OKX Ventures announced it has led a funding round in Bedrock, a multi-chain liquidity restaking protocol. Bedrock offers institutional-grade services to users and has accumulated over $200 million in restaked value to date. It plans to further innovate by building the first liquid staked Bitcoin (uniBTC) on Babylon.
Dora Yue, founder of OKX Ventures, said: "With the booming development of DeFi, on-chain staking value has surpassed $93.4 billion, with 48% coming from the liquidity restaking sector. Our investment in Bedrock aims to accelerate the development of liquidity restaking solutions. We hope to provide community users with diversified and secure asset management options. We look forward to DeFi use cases gradually maturing and becoming more systematic, promoting the sustainable growth of the Web3 industry."
