Bedrock
BR
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
BR (Bedrock) is a multi-asset liquid restaking protocol token operating across multiple networks (BSC, Base, Ethereum, Berachain) with an Aragon-based ve(3,3) governance model. Synthesizing the section evaluations: (1) Active Development faced an insufficient data gap due to severe ticker name collision with unrelated entities, leaving development activity unscored; (2) Tokenomics scored 6.0/10, supported by a fixed 1B supply cap and veBR mechanics, though burdened by an upcoming ~$10.89M unlock, a low float (~30%), and lack of direct revenue distribution; (3) Market and Use Case scored 5.0/10 with liquid multi-chain trading but high dilution overhang; (4) Team and Governance scored 5.0/10 with an unverified team and narrow governance participation (256 holders); and (5) Security and Audit History scored 4.5/10 due to a determinate finding of no third-party code audits, despite an 83.55 CertiK Skynet operational score and no recorded exploits. Excluding the Active Development data gap, the weighted average score across the remaining sections is 5.0.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Bedrock (BR)
Bedrock (BR) is the governance and utility token of Bedrock DAO, a multi-asset liquid restaking and BTCFi protocol. The token operates across several blockchain networks, with contract deployments on BNB Chain, Base, Ethereum, and Berachain. Within the protocol ecosystem, BR serves primarily as a governance instrument and fee-rebate mechanism, enabling participants to lock their tokens into a vote-escrowed structure (veBR) to participate in protocol parameter voting.
The BR token features a fixed maximum total supply of 1,000,000,000 tokens. Governance is structured around an Aragon-based ve(3,3) model with periodic epoch cycles, requiring holders to lock tokens for voting weight. The protocol whitepaper explicitly excludes direct revenue distribution or profit entitlements for token holders. With an estimated circulating supply representing approximately 26% to 30% of the total supply, the asset is subject to ongoing token unlocks and supply overhang.
From a security and transparency standpoint, records indicate a determinate absence of completed third-party code audits for the protocol's contracts, despite receiving an operational Skynet score of 83.55 (A tier). The core development team has not undergone public verification or KYC validation through third-party security platforms. In addition, active governance participation is limited, with only 256 veToken holders on record. No security exploits, smart contract hacks, depeg events, or regulatory actions have been documented for the token.