BYDFi Listing BR Announcement (2025/03/21)
Dear BYDFi Users,
BYDFi will list Bedrock DAO (BR) in the spot trading area and open for trading. The specific details are as follows:
- Deposit: Opened
- Withdraw: 2025/03/23 10:00 (UTC+8)
- Trading: BR/USDT 2025/03/21 10:00 (UTC+8)
About Bedrock DAO (BR)
Bedrock DAO is a governance framework for managing decisions within the Bedrock ecosystem. It enables BR token holders to participate in governance by converting BR into veBR, a voting escrow token. Governance decisions include protocol parameters, incentive structures, and liquidity allocation. Governance Model The governance system is based on veBR, which is obtained by locking BR tokens at a 1:1 ratio. The longer the lock duration, the greater the voting power. veBR holders vote on governance proposals, including gauge allocations that determine incentive distribution across liquidity pools. A seasonal reset mechanism ensures periodic redistribution of voting power.
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Thank you for your support!
BYDFi Team
2025/03/21
