Proposal to add uniETH/wETH Gauge [Ethereum]


Proposal to add gauge support for uniETH-wETH composable stable pool with a 2% emissions cap.

uniETH is an institutional-friendly liquid restaking token (LRT) that represents ETH staked in Bedrock and restaked on EigenLayer plus all future rewards from staking. There is more than USD23mil ETH staked at the time of writing.

Protocol Description

Bedrock’s native tokenized version of restaked Ether is known as uniETH.

uniETH represents the staked ETH in Bedrock and restaked on EigenLayer plus all future staking rewards. uniETH is non-rebasing, i.e. does not grow in quantity over time but grows in value instead. In other words, 1 uniETH will be worth more than 1 ETH as time goes on, and its value will continue to increase as more time passes. uniETH’s non-rebasing model allows users to hold uniETH on centralized exchanges and use it in decentralized financial applications seamlessly.

Bedrock is a non-custodial solution that satisfies the requirements of institutions seeking a basis for large-scale liquid staking. By bringing new levels of transparency and security to liquid staking, Bedrock allows institutions to unlock liquidity safely while leveraging a true crypto-native solution.

References/Useful links

uniETH DApp

uniETH audit report
Learn more about Bedrock

Bedrock DAO Twitter

Bedrock Blog



Curve’s ability to increase capital efficiency using composable pools is taking shape across the industry. The uniETH-wETH pool fits Curve’s initiative to be a protocol where Liquidity Pools can safely tap into external yield sources while maintaining effective liquidity for swapping:

  • uniETH-wETH pool will earn yield for both liquidity providers and Curve
  • uniETH-wETH pool also provides Bedrock with a place for its tokens to be swapped and deposited easily as the pool increases in TVL


Governance: The BedrockDAO is slated to launch in the coming months with a DAO token that utilizes the vote escrow model for its token holders to participate in protocol governance and more. An update regarding the DAO token can be found here (

Oracles: This pool relies on on-chain data calculations, and not on rate providers, to determine uniETH’s balance and estimated rewards.

Audits: See uniETH’s smart contract audit by Peckshield here.

Centralization Vectors: See the architecture of uniETH here. All treasury contracts and protocol upgrades have multi-signature wallets in place.

The multisignature account is the owner of the following contracts

UNIVERSAL_ETH_ADDRESS: ‘0xF1376bceF0f78459C0Ed0ba5ddce976F1ddF51F4’

STAKING_ADDRESS: ‘0x4beFa2aA9c305238AA3E0b5D17eB20C045269E9d’

REDEEM_ADDRESS: ‘0x98169228cB99Ed26c1043eD8Ca53A5Cb371D3B8D’

PROXY_ADMIN: ‘0xa5F2B6AB5B38b88Ba221741b3A189999b4c889C6’

RESTAKING_ADDRESS: ‘0x3F4eaCeb930b0Edfa78a1DFCbaE5c5494E6e9850’

EIGENPOD_ADDRESS: ‘0x926720Ae39114D0e2043b79570A1e08f00D01cCE’

The manager role to withdraw manager’s rewards: 0xAeE017052DF6Ac002647229D58B786E380B9721A

Market History: The uniETH token and Bedrock product only went live after our team was able to rigorously test the functionality of staking and unstaking ETH on-chain after the Shapella upgrade. Since its launch, uniETH has been a fast growing liquid staking tokens with more than 10,000 ETH (> USD23mil) staked on Bedrock.

Value: uniETH is poised to drive great value to the Curve ecosystem because Curve will serve as the main liquidity provider for the uniETH-wETH swap pair. Curve provides uniETH holders the option to swap their uniETH for wETH immediately and in amounts of less than 32 ETH, as opposed to observing a 2-10 day unstaking period if executed through the Bedrock product.

Liquidity providers will earn the protocol fee on underlying uniETH as well as swap fees.

In addition, liquidity providers may be entitled to the upcoming Bedrock DAO token airdrop and have access to all its corresponding utilities.

Pool Address: 0x0f2F4D68308dB60d36268a602EF273421A227021

Just updating everyone that the gauge is now up for voting:

We appreciate your support! Thank you