brktETH

As of August 11th, brktETH will no longer be utilized as denominated deposit asset in the ETH+ DeFi Yield +10% Target Rate vault. Please see the ETH+ DeFi Yield 10% Target Rate vault page for more details. BrktETH will remain as an asset for aggretated LST rewards on Bracket, deposits and withdrawals remain active.

Bracket's smart contracts will allocate a new asset called brktETH. brktETH is backed by a blended treasury of LSTs and LRTs. 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?

• 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.