Bracket DeFi strategy management platform goes live
Bracket DeFi strategy management platform goes live Share
Cryptocurrency Jan 28, 2025Bracket, a Binance Labs-backed strategy management platform that specialises in the management of liquid-staked assets on-chain, has unveiled its new strategy management platform, as per the reports shared with Finbold on Wednesday, January 28.
Marking the beginning of Phase II of Bracket’s product deployment, the new platform is designed to connect Ethereum (ETH) and Liquid Staking Token (LSTs) holders with more high-yield trading opportunities, as well as provide them with a secure avenue for optimizing their staking rewards.
[BRACKET AMBASSADORS]
Phase II of Bracket is launching on January 22, and we’re all set to take things to the next level!
The countdown is on, and our Ambassadors are leading the way.
🧵 1/8 👇 pic.twitter.com/aoNbn5J2qP
— Bracket (@bracket_fi) January 20, 2025
Bracket’s DeFi Strategy Platform
With the launch, those holding Bracket’s native brktETH token can pour their assets into professionally managed strategy vaults and earn enhanced returns labeled ETH+.
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ETH+ integrates ETH’s native rewards, aggregated staking block rewards, and bonus incentives, including Bracket’s proprietary [BARS] tokens and LRT points, allowing users to customize their strategies.
Inaugural ETH+ vault doors will be open from January 28 to February 3.
brktETH and Bracket Phase II
Bracket’s movement towards Phase II started in July 2024, with the Phase I rollout that enabled users to stake LSTs and Liquid Restaking Tokens (LRTs) and benefit from Bracket’s point-based rewards system.
As such, Phase I laid the foundation for Phase II and brktETH, a non-rebasing token envisioned as the core asset on the platform and means of enhancing the fungibility and utility of LSTs and LRTs.
Backed by assets such as stETH, rETH, and eETH, brktETH value is established relative to ETH via a rising conversion rate, not based on token supply.
The token also serves as a universal collateral, streamlining the movement of assets across strategies, while the platform relies on Policy Managed Wallets, clear investment mandates, and transparent reports to safeguard user assets.
This addresses liquidity fragmentation, enables DeFi users to move assets between strategies, and improves collateral efficiency.
As for the redemption options, users can exchange brktETH for an equivalent value of underlying assets after an initial five-day lock-up, including Ethereum ($ETH, $wETH), Lido Staked ETH ($stETH, $wstETH), Rocket Pool ETH ($rETH), Ether.fi ETH ($eETH, $weETH), Kelp Restaked ETH ($rsETH), Stakestone ($STONE), and Coinbase ETH ($cbETH).