Universal ETH (UNIETH)
uniETH is the native tokenized version of staked Ether (ETH) provided by Bedrock, launched by RockX. It represents the combination of staked ETH and all future staking rewards associated with it. Unlike other staking derivatives, uniETH is non-rebasing, meaning its quantity does not increase over time. Instead, uniETH grows in value, making it an attractive option for investors looking to gain from the appreciation of their staked assets.
The concept of uniETH
Staking mechanism
The primary concept behind uniETH is to offer a token that encapsulates the value of staked Ether along with its future staking rewards. This approach allows investors to hold a single token, uniETH, that increases in value as the underlying staked ETH generates rewards. This increase in value is directly tied to the staking yield, providing a simple and effective way for investors to benefit from Ethereum's proof-of-stake (PoS) consensus mechanism.
| Ticker | UNIETH |
| Category | Arbitrum Ecosystem |
| Website | https://unieth.rockx.com |
| @rockx_official | |
| Contract Addresses | |
|---|---|
| ethereum | 0xf1...f4 Copied! |
| arbitrum-one | 0x3d...a0Copied! |
Non-rebasing nature
uniETH is designed to be non-rebasing, meaning the number of tokens an investor holds does not change over time. Instead, the value of each uniETH increases as it accumulates staking rewards. This feature provides a straightforward way for investors to track the growth of their staked assets without dealing with the complexities of rebasing tokens that adjust their supply.
Bedrock's role in uniETH
Introduction to Bedrock
Bedrock, developed by RockX, is a non-custodial solution tailored to meet the needs of institutions interested in large-scale liquid staking. By allowing institutions to maintain control over their staked assets while providing transparency and security, Bedrock offers a robust platform for engaging in liquid staking.
Institutional benefits
Transparency and security
Bedrock enhances transparency and security in liquid staking by adhering to regulatory standards and leveraging a crypto-native solution. Institutions can confidently participate in staking activities, knowing that their assets are safeguarded and compliant with relevant regulations.
Unlocking liquidity
One of the significant advantages of Bedrock's approach is the ability to unlock liquidity for institutions. By tokenizing staked Ether into uniETH, institutions can efficiently manage their assets and leverage them in various financial strategies while maintaining exposure to the potential rewards of Ethereum staking.