In this episode of The Cap Room, DeFi Dave sits down with Zhuling, CEO of Bedrock, to explore how Bedrock is building the institutional yield layer for Bitcoin capital — and why their partnership with Cap is one of the most structurally sound collaborations in on-chain credit.
In this interview, we explore:
- How Bedrock evolved from retail-focused Bitcoin liquid staking to institutional-grade yield infrastructure
- Why Bedrock approaches credit markets with discipline over aggressiveness — and what that means in practice
- How Cap's covered credit architecture unlocks something traditional DeFi lending protocols simply can't offer
- What it means to be both a delegator and an operator on Cap, and how Bedrock plays both roles
- The due diligence process behind delegating capital to operators
- How Bedrock scaled from $1M to over $80M delegated in just a few months
- What's coming: retail-accessible vaults, new operator strategies, and more
🔗 In-depth article about Cap & Bedrock working together: https://www.cap.app/blog/bitcoin-meets-programmable-credit-inside-cap-s-partnership-with-bedrock
🔗 Learn more about Bedrock: bedrock.technology
🐦 Follow Bedrock on X: @bedrock_defi
🔗 Learn more about Cap: cap.app
🐦 Follow Cap on X: @capmoney_
🐦 Follow DeFi Dave on X: @defidave
TIMESTAMPS
00:00 Introduction to Bedrock and DeFi Innovations
02:54 Bedrock's Evolution and Institutional Standards
05:31 Navigating the Credit Space in DeFi
08:09 Understanding CAP's Role in Credit Ecosystem
10:39 Delegation and Operator Strategies in CAP
13:16 Scaling and Future of Bedrock and CAP
15:46 The Future of DeFi and Institutional Adoption
