Bedrock DeFi and Brevis Collaboration
Bedrock DeFi, a multi-asset liquid restaking protocol, has announced a strategic partnership with Brevis, a ZK coprocessor and computing network. This collaboration allows Bedrock to integrate Brevis’ ZK coprocessor, aiming to create an effective and trustless cross-chain restaking infrastructure.
About Bedrock and Brevis
Bedrock serves as a liquidity restaking protocol that accommodates multiple assets, facilitating restaking and yield generation for various tokens, including BTC, ETH, and others. In contrast, Brevis is a ZK Omni-chain data attestation platform that empowers protocols and DApps to perform safe, cross-chain data computations. By leveraging ZK proof technology, Brevis guarantees that data operations across different blockchains remain trustless and confidential.
Integrating Brevis’ Technology
According to the announcement made today, Bedrock has incorporated Brevis’ Continuous Protocol Incentivization (CPI) framework into its restaking ecosystem. This integration of Brevis’ zero-knowledge proof (ZKP) cryptography allows Bedrock to implement a fully verifiable on-chain staking system for its network users.
The Importance of Web3 Rewards
Web3 reward offerings, such as staking and airdrops, play a vital role in encouraging customer behavior. Unfortunately, numerous crypto reward programs function in an opaque manner. This highlights the need for Bedrock’s partnership with Brevis to tackle transparency issues within its liquid restaking network. By utilizing Brevis’ ZKP cryptographic technology, Bedrock can now efficiently and securely compute and distribute its native tokens to users based on their on-chain activity.
Launch of Bedrock’s ZK-Powered Incentra Reward Program
This collaboration has resulted in the launch of Bedrock’s Incentra ZK-powered reward program, developed in conjunction with Brevis, on the Base mainnet, a Layer-2 network. The creation of this new reward program is crucial as it monitors, acknowledges, and rewards user engagement within Bedrock’s DeFi ecosystem. It harnesses Brevis’ zkCoprocessor SDK and CPI framework to ensure that customer interactions are authentic and that rewards are distributed in a trustless manner, with full effectiveness and transparency.
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Tracking Activity Across Supported Chains
With its introduction on the Base Layer-2 blockchain, Bedrock’s reward program monitors user activities across supported chains, which include yield vaults, liquid restaking networks, lending and yield protocols, and DEXs. Once these interactions are certified and validated through Brevis’ ZKP technology, eligible users can claim their share of Bedrock’s rewards.
The Significance of the Bedrock and Brevis Collaboration
The partnership between Bedrock and Brevis holds significant importance for the Web3 landscape, contributing to the development of a robust cross-chain restaking infrastructure in DeFi. This collaboration emerges during a time when conventional on-chain reward systems face various challenges. The computation of complex eligibility and reward shares on-chain typically incurs high transaction costs and often suffers from slow confirmations.
Challenges with Current Reward Programs
Many existing programs rely on off-chain spreadsheets or centralized backend processes to compute user activity and distribute rewards. This traditional method often encounters issues such as lack of transparency, single points of failure (SPOFs), and inaccuracies in reward calculations, which can undermine user confidence.
The Role of ZKP Technology
From another perspective, on-chain smart contracts struggle to process large volumes of data without incurring high costs, and they face difficulties in verifying non-interactions (e.g., if a user did not engage with a network). This is where ZKP technology aids protocols like Bedrock in validating user actions and non-actions off-chain. The technology performs the verification without exposing raw transaction data. Consequently, by adopting Brevis’ CPI framework and zkCoprocessor SDK, Bedrock alleviates the burden of heavy, costly computations, transitioning to a cost-efficient, verifiable off-chain environment.
