Babylon has extended the airdrop registration deadline to March 19th, followed by the launch of TGE. As an important infrastructure for the BTCFi ecosystem, the launch of Babylon Genesis marks a new stage of development for the Bitcoin staking track, and this TGE is undoubtedly a catalyst that will further stimulate the heat of the entire BTCFi track. More and more BTCFi projects are preparing for TGE, including Bedrock, PumpBTC, and others. 1. Bedrock: Pioneer project of BTCFi track Bedrock (@ Bedrock_SeFi) is one of the earliest projects to enter the BTC Restaking track, and also a pioneer in the Babylon ecosystem. It has received investments from institutions such as OKX Ventures, LongHash Ventures, and Fisher Yu, co-founder of Babylon, and has established a deep technological partnership with Babylon. In the Babylon staking Cap-1 stage, Bedrock leads the track with the largest BTC staking share. In the Cap-2 stage, users staking on Bedrock receive the highest single coin staking Babylon points (point per stake), Subsequently, during the Babylon Cap-3 period, an innovative "basket of profits" product brBTC was launched. Compared with similar protocols, Bedrock simultaneously deployed Ethereum and Depin, and became the first protocol in EigenLayer to support BTC assets, building the BTCFi 2.0 ecosystem. 2. Bedrock's core business Bedrock is a multi asset liquidity re staking protocol that focuses on the re staking of assets such as BTC and ETH. Essentially, it can be understood as a blockchain asset management company, creating a product matrix such as uniBTC uniETH、brBTC， The core business is to assist in the liquidity management and revenue optimization of user assets. The current TVL is approximately $444 million, and Bedrock is building a complete BTCFi ecosystem through innovative liquidity staking and cross chain revenue management. 3. TGE approaching, analysis of BR token airdrop mechanism As TGE approaches, users are undoubtedly most concerned about the details of BR token airdrops, with the most critical being the Diamonds points system, Bedrock core contributor Zhuling has publicly stated that Diamonds will be converted into BR tokens according to a specific mechanism. Diamonds will be exchanged for BR tokens during TGE, which are the native tokens of the Bedrock ecosystem. At the same time, considering loyalty, the community has explicitly stated that long-term holders (after holding Unitoken to TGE) will receive higher airdrop rewards. Previously, users who pledged to mint uniBTC could receive Diamonds rewards, as well as multiple rewards including Babylon staking income, Babylon points, and DeFi ecosystem participation income. In other words, the value of Diamonds depends on the FDV (fully diluted valuation) of BR tokens and the ratio of Diamonds to BR tokens. 4. Bedrock launches PRE-TGE event, BTCFi track or attention from Binance? Recently, after completing IDO in Binance Wallet, BubbleMaps also launched PRE-TGE activity on Bedrock, which is the official exclusive cooperation activity of BSC Chain. Does this mean that Binance is paying attention to the BTCFi track? Can BTCFi be deeply integrated with the liquidity on the BSC chain?