beta-app.bedrock.technology Open in urlscan Pro
172.67.216.229  Public Scan

Submitted URL: https://beta-app.bedrock.technology/
Effective URL: https://beta-app.bedrock.technology/unieth
Submission: On April 30 via api from US — Scanned from DE

Form analysis 1 forms found in the DOM

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        <h3 class="text-base text-black dark:text-white font-normal">Restake</h3>
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      </div>
      <div class="text-sm font-normal opacity-75 font-mono"><span>$0</span></div>
    </label><span class="text-sm font-medium"><span class="text-muted-foreground">You will receive<!-- --> </span><span><button data-state="closed">0</button><span class="inline-block w-[0.25ch]"></span>uniETH</span></span><button
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Text Content

EARN 5X BEDROCK DIAMONDS ON PENDLE!

StakeEcosystemStatisticsMore
Connect Wallet
Ethereum


RESTAKE ETH

Stake ETH and receive uniETH.


RESTAKE

ETH
$0
You will receive 0uniETHConnect Wallet
Exchange Ratio
1uniETH=1.06175ETH
Max Transaction Cost-
Staking Pool Fee10.0%
Token Contract
0xF1376b...1ddF51F4



STATISTICS

More
Expected APY3.77%
Current Reserve47,471.26055ETH
Total EigenLayer Points69,834,813.44
Total Bedrock Diamonds173,225,496.35


FAQ


WHAT IS PROOF OF STAKE?



Ethereum's Proof of Stake (PoS) is a consensus mechanism used to validate
transactions and add new blocks to the blockchain.

In the PoS system, instead of miners using computational power to solve complex
mathematical problems to add blocks, validators are chosen at random to add
blocks in the blockchain. Each validator will hold a minimum of 32 ETH and stake
it as collateral to participate in the network's consensus process.

As a reward for validating transactions and adding blocks, Ethereum provides
node operators additional ETH on top of their stake. These rewards are minted in
return for helping secure the blockchain.


WHAT IS LIQUID STAKING?



It is clear that PoS chains will be an integral part of the future of crypto,
and become the foundation layer of which DeFi and metaverses will be built on.

However, PoS comes with some drawbacks for those wanting to participate directly
as validators:

 * It requires technical know-how to set up and operate
 * 32ETH is a significant barrier for regular token holders to participate in
   POS validation
 * Staked tokens are locked up and become illiquid assets

In order to solve these issues, liquid staking protocols were born. Liquid
staking abstracts the staking of tokens from running a validator node.

In exchange for their tokens, depositors receive a representative (uniETH) token
from the protocol which is a claim on the tokens they have staked.


WHAT IS LIQUID RESTAKING?



Liquid restaking is liquid staking combined with restaking on EigenLayer in one
token. This allows uniETH holders to earn rewards not only from ETH staking but
also from restaking on EigenLayer, without compromising liquidity.


WHAT IS UNIETH?



uniETH represents the staked ETH plus all future staking rewards and accrual of
EigenLayer points and Bedrock diamonds. uniETH does not grow in quantity over
time but instead, grows in value, i.e. 1 uniETH becomes worth increasingly more
than 1 ETH.


WHY SHOULD I STAKE WITH BEDROCK INSTEAD OF STAKING DIRECTLY TO ETH?



Bedrock on Ethereum removes several drawbacks that exist with Proof of Stake on
Ethereum.

Ethereum requires a minimum stake of at least 32 ETH. Bedrock on Ethereum will
allow anyone to earn the reward on any amount of ETH deposited with us, plus
additional rewards from EigenLayer points and Bedrock diamonds.

When staking on Ethereum, users are required to have technical knowledge of
interacting with smart contracts. Bedrock handles all interaction with the
blockchain in our users’ place. Ethereum will also require users who make
deposits to be technically proficient at running Ethereum nodes 24/7, at the
same time keeping that node online and secure. Bedrock provides this service in
our users’ place.


WHAT IS THE STAKING PERIOD FOR UNIETH?



This is dependent on the Ethereum blockchain; there will be a waiting time for
validators to access the ETH they wish to unstake, as there is only a single
queue for both full and partial withdrawals on the blockchain. However, you will
receive uniETH when you deposit and it will still gain staking rewards over time
in terms of the token value. uniETH can also be sold and traded on various DEXs
and CEXs if there is liquidity available for the trade and can be used to
provide liquidity to earn additional yield.


HOW CAN I VERIFY THE TOTAL SUPPLY OF UNIETH?



uniETH is built on-chain, and all contracts are open-source and available for
anyone to view. Total supply of uniETH can be checked and verified via Etherscan


HOW CAN I VERIFY ALL THE DEPOSITS INTO UNIETH?



uniETH deposit smart contract captures all these information, which can be
checked and verified via Etherscan


DO YOU HAVE SMART CONTRACT AUDIT REPORT FOR UNIETH?



Yes. uniETH smart contract has been audited by Peckshield. You can find the
smart contract audit report for uniETH via PeckShield Audit Report Bedrock

uniETHuniIOTXuniBTCDocumentation

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