Universal ETH Price

About the coin

uniETH is the native tokenized version of staked Ether within the Bedrock ecosystem. It represents the staked ETH in Bedrock along with all future staking rewards. Unlike traditional tokens that may increase in quantity over time, uniETH is non-rebasing, meaning it does not grow in quantity but rather in value. As time progresses, 1 uniETH will be worth more than 1 ETH, reflecting the accumulation of staking rewards.

Main features

Launched by RockX, Bedrock is designed as a non-custodial solution tailored to meet the needs of institutions looking for a foundation for large-scale liquid staking. Bedrock introduces new levels of transparency and security to the liquid staking process, allowing institutions to safely unlock liquidity while adhering to regulatory requirements. This is achieved by leveraging a true crypto-native solution that aligns with institutional standards.

How it works

Bedrock's approach to liquid staking involves tokenizing staked Ether into uniETH, which then appreciates in value as staking rewards are accrued. This model provides a secure and transparent way for institutions to participate in liquid staking, offering them the ability to maintain liquidity while benefiting from the staking rewards. By focusing on regulatory compliance and security, Bedrock ensures that institutions can engage in liquid staking with confidence, utilizing a solution that is both innovative and aligned with the evolving landscape of cryptocurrency.