Understanding Bracket [BARS]: A Comprehensive Look at Rewards and Multipliers
[⏰ Launch ➡️ T-Minus 7 Days ⏰]
WHAT: Official Launch.
WEN: Thoon (aka July 31, 2024).
With that in mind, we compiled all the necessary information about stacking [BARS], including the basics, boosts, multipliers, examples, and . . . a reco.
Intro
We will embark on a three-phase journey towards our LSTfi platform where users will deploy their LSTs & LRTs into earning opportunities.
Phase I allows users to stake supported Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs) into escrow to participate and stack rewards starting July 31st, 2024.
Early depositors will experience the best incentives of the protocol’s points system called Bracket [BARS]. Users will earn ETH block 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 will begin approximately 90 days after Phase I goes live. This will lead to the introduction of passive and active trading strategies. At the same time, users build up rewards before the launch of our own LRT, $brktETH, with the goal of capital efficiency and enhanced earning opportunities.
Bracket [BARS]
You will receive points rewards called Bracket [BARS] for different activities performed on our platform and in our community, such as staking, quests, giveaways, and more.
[BARS] will serve as an award for future incentives. The number of [BARS] earned will be directly tied to various formulas you can review below.
Cryptocurrencies like ETH, LSTs, and LRTs will be supported deposits on the platform. The assets are going to be converted to their respective notional U.S. Dollar values at the time of deposit for the calculation of daily [Bars].
This ensures that users are awarded proportionally to the value of their deposits or activities.
Incentives
We have implemented a robust incentive program to enhance the journey for our valued community. We have rewarded those who helped us get here, and we will continue to award those who will drive the future of LSTfi.
The goal is to cultivate a thriving ecosystem where users feel valued, connected, and empowered to shape the future of the Liquid Staking Economy.
Here are the three main incentive buckets to focus on:
1- TVL Incentives
TVL Multipliers: deposits within each TVL Cap range will receive a continuous points boost during Phase I
• 0 — $50mm → 100% Boost
• $51 — $100mm → 50% Boost
• $101 — $250mm → 20% Boost
Size Multipliers: larger deposits will receive magnifiers
• $100k+ deposit → 15% Magnifier
• $500k+ deposit → 25% Magnifier
Asset Multipliers: boosts for select assets will be announced*
• stETH
• rETH
• eETH
• rsETH
• ankrETH
• Others TBA
*Note: Asset boosts will run for limited time periods.
2- Time Incentives
Early Deposits: early deposits will be awarded a bonus
• 0–72 hours → 300% Boost
• 72–120 hours → 100% Boost
• 120–192 hours → 50% Boost
Continuous Staking: long-term stakers will receive a boost in future phases
• Phase 1 → 0% Magnifier
• Phase 2 → 25% Magnifier for 4 weeks of staking in Phase I
Phase Boost: certain Phases will receive a boost
• Phase 1 → 100% Boost for deposits
• Phase 2 → 0% Boost
3- Social Incentives
Referral Boost: refer your friends and earn points amplifiers. Each referral grants a 20% Boost.
• Example: you refer to 5 friends who deposit $50,000 worth of ETH. You will accrue 20% of their 50,000 points per day.
Social Activity Boost: boosts for completing social activities, e.g. events, quests
• 50k points per wallet available for completing certain social activities for Phase 1
Community Boost: awards have been granted to Bracket NFT, OG holders, buyers and LP providers and other active community contributors
• 2 billion points available for eligible community members in Phase 1
Example
Let’s walk through a hypothetical scenario:
Imagine Alice deposits $525,000 USD worth of assets on Day 1 of the platform’s launch, with ETH priced at $3,500.
Base [BARS] per day: 525,000
• TVL Cap Boost: 525,000 (100% of base) • Size Boost: 131,250 (25% of base) • Early Deposit Bonus: 1,575,000 (300% of base) • Asset Bonus: 525,000 (100% of base)
Total [BARS] per day: 3,281,250
In contrast, if Bob makes the same $525,000.00 deposit on Day 14, and the TVL exceeds $250mm:
• Base [BARS] per day: 525,000 • Size Boost: 131,250
Total [BARS] per day: 656,250
This example illustrates the significant advantage of early participation, with Alice earning 500% more [BARS] than Bob for the same deposit amount. This emphasizes the importance of staking as early as possible.
Side Note: Participants can join our quests and giveaways to stack even more [BARS].
Conclusion
Bracket’s [BARS] system offers a compelling incentive structure for early adopters and large-scale participants in Liquid Staked DeFi.
Users can maximize their potential benefits within our ecosystem, by understanding and leveraging these multipliers:
TVL INCENTIVES: Cap, Size, & Asset
TIME INCENTIVES: Early, Duration, & Phase
SOCIAL INCENTIVES: Referrals, Quests, & Community
As Bracket prepares for its launch in just 7 days, carefully consider your participation strategy. By understanding the nuances of the [BARS] system, you can maximize your potential rewards!
Join us and start stacking [BARS] today:
