brktETH

Creating LST/LRT fungibility to enable enhanced utility

Bracket's smart contracts will allocate a new asset called brktETH. brkETH provides access to strategies on the Bracket Platform. brktETH is backed by a blended treasury of LSTs and LRTs, which serves as the collateral for the asset. brktETH is a non-rebasing token, this means that holders of brktETH may not see their holding grow, but may instead see the value grow relative to ETH via the brktETH to ETH conversion rate.

Why brktETH?

brktETH is high-quality DeFi collateral:

• Blended composite of LST/LRTs creates fungibility in the underlying LST collateral

• Diversifies exposure to any one treasury asset

• More capital efficient due to the fungibility

• Receive aggregate ETH block rewards + continue to accrue points on your deposited LRTs + receive Bracket [BARS]

• There is a withdrawal process where a user can trade in their brktETH and receive back their choice of an equivalent value of LRT/LST treasury collateral.

• Stack ETH+ yield by participating in strategies on the platform