We’re excited to announce that we’ve launched an Ethereum price prediction competition to help our users leverage liquid staking for better crypto rewards. Bedrock users can leverage their ETH tokens to earn rewards and participate in a friendly competition for attractive rewards.
Liquid staking allows users to compound yield on their digital assets by providing stakers with a representative token for their staked asset, which in this case is ETH. For Bedrock, this representative token is known as uniETH. It can be used to deposit in other DeFi protocols so you don’t have to sacrifice liquidity to stake on Ethereum.
This staking campaign is a friendly competition among users of Bedrock to predict the price of ETH on May 7th, 2023 at 12pm SGT (12am EST). Here’s how it works:
Step 1: Stake on Ethereum via Bedrock. Refer to our guide to learn how to do it! If you’re already staking on Bedrock, you may skip this step.
Step 3: Fill in this form with your TX ID and predict the price of ETH on May 7.
And that’s it – you’re in. Final submissions will close on May 2nd.
A snapshot of all addresses staking with Bedrock will be taken on May 7th at 12pm SGT, so participants will need to be staking with Bedrock at the time of the snapshot to qualify.
On May 9th, the price prediction winner and two randomly selected winners from the pool of new stakers will be announced. Do note that you will need to have filled in the form to be eligible for this.
We invite Bedrock users to take part in our Ethereum price prediction competition and start compounding your ETH yield while standing a chance to win big prizes. Join us today and start earning rewards for your ETH tokens!