Proposal to add uniBTC/WBTC Pool on Ethereum to the Gauge Controller

Gauge Proposals
1

Summary:

Proposal to add a uniBTC/WBTC Pool on the Ethereum blockchain to the Gauge Controller, enabling users to assign gauge weight and mint CRV.

References/Useful links:

Pool: 0x404fdadA7fC68B5B633D184067c9643732f8A045
Gauge: 0xF73AAf236ffD467d2CC544055CA3559A0F7CD92C

• Website: https://www.bedrock.technology/

• Documentation: https://docs.bedrock.technology/

• Github Page: https://github.com/Bedrock-Technology    

• Communities (X): https://x.com/Bedrock_DeFi

Protocol Description:

Bedrock is a pioneering multi-asset restaking protocol supporting BTC, ETH, and DePIN, enabling users to unlock compounding restaked yields while maintaining asset exposure. In addition, Bedrock’s framework allows users to retain the liquidity of their assets for DeFi use cases (Trading, Lending, etc.)

As Babylon’s first liquid restaking partner, Bedrock introduced uniBTC, the first Bitcoin LST, setting a historic precedent in DeFi. Founded by the team behind RockX, a blockchain infrastructure leader with $2.5 billion in AUM, Bedrock benefits from RockX’s expertise in secure, scalable staking and a proven track record of innovation.

uniBTC is the yield-bearing token representing BTC staked on Babylon and powered through Bedrock’s Infrastructure. By holding uniBTC, token holders can accrue yield generated on top of Babylon’s platform as well as earn Bedrock Diamonds which are the points system for Bedrock.

Motivation:

Bedrock is seeking to integrate further into the Curve ecosystem to enhance liquidity of uniBTC on Ethereum and provide more options for users. The BTCFi sector represents a significant untapped market for Curve liquidity. By adding CRV emissions to the uniBTC-WBTC pool, Curve can establish itself as the primary liquidity venue for uniBTC on Ethereum.

Specifications:

  1. Governance: Bedrock DAO empowers the community to shape the protocol’s future through governance, using $BR, the native governance token. Holders of $BR can vote on key decisions, optimize yield strategies, and drive innovation in liquid restaking. More information available here.

  2. Oracles: Bedrock uniBTC uses Chainlink to secure the protocol.

  3. Audits: Audit reports | Bedrock

  4. Centralization vectors: No funds are held in the custody of the team, everything is held non custodial on chain and can be verified similarly.

  5. Market History: uniBTC was launched in March of 2024 and has a TVL of ~500 million at the time of writing.

Vote:

We’d like to request the community’s support to add the uniBTC/WBTC pool to the Curve Gauge Controller. This addition will strengthen liquidity, and contribute to Curve’s ecosystem growth.

Thank you for your support!