The Evolution Of LSTfi
We are thrilled to announce that we’ll soon start a three-phase journey towards our LSTfi platform.
PHASE I
In Phase I, kicking off on July 31st, 2024, you’ll be able to stake supported Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs) into escrow. Users will receive ETH rewards, LRT points, and [BARS] while staking and keep rewards earned up to withdrawal prior to the launch of $brktETH in Phase II.
PHASE II
Approximately 90 days later, Phase II will introduce passive and active trading strategies, along with the launch of our very own LRT, $brktETH. This phase will provide access to strategies on the Bracket LSTfi Platform.
Important to note $brktETH is a non-rebasing token, meaning the token may grow in value relative to $ETH.
PHASE III
Phase III is TBA . . . but stay tuned for more exciting developments!
Benefits & Incentives
We’ve got a ton of perks lined up for you.
By joining us, you’ll enjoy increased utility for your LSTs and LRTs, access to passive and active strategies, and our one-of-a-kind points system, [BARS].
Holders of $brktETH while stacking rewards and points will receive:
- Aggregate ETH block rewards
- Continued accrual of points on the deposited LRTs for assets supported by Bracket
- Bracket [BARS]
- Potential returns by deploying $brktETH in Bracket Platform strategies
- Unallocated points from treasury for the benefit of all holders of $brktETH.
And to the holders of [BARS], various incentives will be made available, especially for:
- TVL INCENTIVES: Cap, Size, & Asset
- TIME INCENTIVES: Early, Duration, & Phase
- SOCIAL INCENTIVES: Referrals, Quests, & Community
If you’re an early bird in Phase I, you’ll get the juiciest incentives — think ETH rewards, LRT points, and [BARS] all while staking. For a deeper dive, GO HERE.
Staking
Here’s how it works . . .
You’ll be able to stake your supported LSTs and LRTs directly into escrow and stack [BARS]. We support a wide range of LSTs and LRTs, ensuring that you can participate with your preferred assets.
We’ll pool these assets to boost collateral efficiency and create earning opportunities for you. When Phase II rolls out, you can claim $brktETH, our very own LRT. It’s backed by a blended treasury of liquid staked assets, providing fungibility, diversified exposure, and enhanced capital efficiency.
One of the coolest features of $brktETH is that it allows you to continue accruing [BARS] while you hold it. So, not only you will be able to participate in our platform’s strategies and earn rewards, but you’ll also keep stacking those valuable points over time!
You’ll be able to access our liquidity program next week on July 31st with the launch of our staking app.
We’ve worked hard to make it straightforward, fun, and effective, so you can easily deploy your assets into the Liquid Staked economy.
How To Stake:
- Go to bracket.fi on Wednesday, July 31st, 2024.
- Launch the staking app.
- Follow instructions to get your invite code.
- Select the asset you would like to deposit.
- Enter the amount you wish to stake.
- If you deposit ETH or wETH, you will be prompted to SWAP into one of the supported LST/LRT assets.
- The swap process will sequence you if applicable/as needed.
- Push stake and confirm transaction.
- Staking success and now you’re stacking [BARS].
- Welcome To Phase I of LIQUID STAKED DEFI.
Notes:
*For users who deposited on Ethereum, they will have a choice of claiming their $brktETH on either Ethereum or Arbitrum.
*For users who deposited on Arbitrum, $brtkETH will be claimable only on Arbitrum.
- There will be a selection toggle only shown to Ethereum stakers, where they can change the default from Ethereum to Arbitrum. This option can be changed repeatedly, and at anytime during Phase I.
Bracket Is Liquid Staked DeFi
Supported by Binance Labs and over 20 global institutional investors, Bracket is set to lead the new wave of DeFi innovations.
Bracket is a leading DeFi platform that provides innovative solutions for liquid-staked tokens. The team aims to enhance collateral efficiency and offer high-earning opportunities for users, issuers, and protocols.
For further reading, visit the project’s GitBook. Join the community by following on X and Telegram, hopping into Discord, and visiting the official website.
