Bracket｜Liquid Staking Type Decentralized Finance

Bracket is a platform that provides leverage and earning opportunities for LST and LRT. After depositing LST and LRT and obtaining brktETH, it offers operational options such as trading and liquidity provision using it as collateral. Holding brktETH allows you to earn ETH rewards, supported LRT points, BracketPoints, and LSTfi, in addition to the above operations. Currently, the application is not publicly available, but we are running a point campaign through social activities.

What is Bracket?

Bracket is launching a Liquid Staked DeFi platform, enabling users to aggregate Liquid Staked Tokens (LSTs) and Liquid Restaking Tokens (LRTs) to increase collateral efficiency and maximize earning opportunities.

When did Bracket start operations?

Bracket Labs began in 2021 by creating a DeFi derivatives protocol. In 2023, it was recognized by Binance, joined the Binance Labs Incubator Season 5, and achieved the overall runner-up position in the Build-the-Block competition.

Why is Bracket building a Liquid Staked DeFi platform?

Bracket is creating a platform to pool these assets and improve collateral efficiency and maximize returns to solve the complexity and lack of consistency in DeFi regarding LST/LRT assets.

What is $brktETH?

$brktETH is a Liquid Restaking Token (LRT) composed of a composite of Liquid Staking Tokens (LSTs) and other LRTs. Unlike other LRTs that restake LSTs on EigenLayer, $brktETH has a composite rate of the underlying treasury and provides broad exposure to the Liquid Restaking Market.

What can I do with $brktETH?

$brktETH is an excellent way to gain broad exposure to the Liquid Staking Market and provides a high-quality collateral-backed asset for use in DeFi. $brktETH will be most useful upon the launch of Phase II, when the platform goes live with DeFi strategies and other opportunities.

How is the price of $brktETH calculated?

The price of $brktETH is calculated as the $ETH equivalent of all underlying collateral divided by the amount of $brktETH issued. This value is dynamically calculated and updated frequently with transparency, recorded on the Ethereum network, and logged in the $brktETH contract on the Arbitrum network.

What assets are supported when staking begins?

Initially, a curated list of LSTs and LRTs such as stETH, rETH, eETH, rsETH, and ankrETH will be supported. For more details on the selection criteria, please refer to this document.

Can I participate even if I only have ETH?

Bracket requires users to convert their ETH to either a supported LST or LRT. We will provide a third-party swap function (Uniswap) upon staking.

Are withdrawals available from day one in Phase I staking?

Yes. Users can stake and withdraw at any time during Phase I.

Are there any other LPs or liquidity pools I can participate in?

Yes. Bracket will offer LP opportunities for $brktETH, accessible either through the platform or third parties.

How does the point [BARS] system work?

For details on [BARS] and how to earn them, please see here.

How can I maximize the potential of [BARS]?

To maximize [BARS] earnings, it is important to participate from DAY 1, within the $0-50mm TVL bucket. For examples, please see the [BARS] section.

What will Phase II be like?

The launch of Phase II will see all staked assets issued as $brktETH, the composite LRT token. $brktETH can be used on our platform and in other DeFi opportunities.

Can I withdraw staked LST/LRT in Phase II? What happens if I do?

Withdrawals are available at any time during Phase II, and you retain all Bracket points. If you partially withdraw, you will continue to earn points with the remaining assets. Similar to LST protocols, withdrawals in Phase II can incur up to a 5-day delay for protocol security.

In addition to receiving grants from Arbitrum and AWS, Bracket has raised $2M in funding from prominent VCs such as BinanceLab and NGCVentures.

Bracket is holding an airdrop campaign called "BARS".

In the current campaign, you can earn points by retweeting and liking tweets, joining Telegram, etc. Points are also distributed to NFT holders, OGs, LP providers, and other community contributors.

Phase 1 After the application is released, additional points will be awarded to users who have deposited. In Phase 1 deposits, early depositors will receive a boost to their point earnings, so it is recommended to deposit early.

Phase 2 You can claim brktETH, execute various trading strategies using brktETH as collateral, and have opportunities to earn ETH rewards, supported LRT points, BracketPoints, and LSTfi.

Official Document - https://bracket-labs.gitbook.io/bracket/product/bracket-bars

Points are awarded in the point program based on the following conditions. These points will be converted to $BARS at TGE and airdropped to users.

Procedure Summary

1. Access the site
2. Click Login
3. Select Wallet
4. Start the quest
5. Complete other quests

Procedure Summary with Images

1. Access the site
2. Login
3. Select Wallet
4. Start the quest
5. Complete other quests