Real-Yield Powered by Bracket
Bracket platform
Bracket's platform connects onchain assets to actively managed yield
Motivation
Bracket began its journey developing individual derivatives protocols. Bracket has years of experience delivering innovative products to market with collaborators like Binance Labs, GMX, and more. As markets matured, users and institutions alike demanded more passive products, "set-it and forget-it" experiences. Looking at the field, yield markets are replete with padded, inflationary token rewards that mislead users about yield or simply report them inconsistently. These yields compress or have low ceilings to scale. Users deserve transparency and professionally managed strategies with real-yield. Only about 13% of all cryptocurrency is participating in yield generation... why?
Market Fragmentation
Unsustainable token emissions
Inexperienced teams
Lack of liquidity
No comparability among yield standards
Lack of infrastructure to connect asset to yield in web3
What's missing to make web3 strategy management work ?
High quality collateral
Bracket maintains that high quality collateral is the building block for yield. For instance, LSTs are some of the highest quality collateral in DeFi because they expose holders to ETH return + block rewards. Further, assets like ETH, BTC, and Stablecoins are stranded in on-chain wallets without clear paths to access yield products like funds. Why leave web3 when you don't have to? The next generation of high quality collateral is already here and it is on-chain.
True safeguards
A depositor entrusting a manager to implement a strategy would like to be on a platform that ensures the manager is staying within their stated investment mandate and is unable to remove funds from the platform. Today, strategy management products either provide no safety rails whatsoever or are so complex and require smart contract level integration that new managers can't easily interact with the platform. Bracket is creating the best infrastructure for professional strategy managers to run their programs in a secure, transparent, and controlled environment. Users deserve to know where their funds are, what their asset exposure is, and to get consistent reporting.
What's next?
DeFi platforms like Pendle paved the way for LST/LRT holders to “stack” rewards, farm points, and returns atop the ETH block rewards. This kind of innovation unlocked modular yield only possible in web3. However, not all opportunities are made equal and users now bear the burden of having to choose the best yield flavor of the day. Institutions are also unclear how scalable these opportunities can be and can only operate at a distance. These issues are compounded by inconsistent DeFi utility for each asset. Further, AVS platforms, while innovative, are looking like they may not produce an attractive enough immediate yield for users. Thus, users will start looking for real-yield to passively stack while holding long ETH. This real-yield is built through actively managed strategies or hybrid automated strategies that serve each users' risk profile and exposure tolerances.
Enter Bracket
Bracket delivers the best way for users to deploy top on-chain collateral in yield opportunities while retaining their long exposure, all from a single platform with security and transparency. Bracket serves as a platform AND infrastructure for funds or protocols seeking to build on-chain AUM and deliver yield.
Benefits for stakeholders:
FOR USERS
Access to top actively managed strategies with professional managers
Move between strategies that use a consistent and familiar UI
Performance will be calculated in a consistent and comparable way across strategies to maximize comparability
View balances consolidated across all strategies
Active managers, protocols, and on-chain strategies will be controlled and reported on transparently to the user. Users will know how your money is deployed by managers at all times
Users will be able to see the white listed capabilities of the manager and feel confident knowing that the Bracket Infrastructure is making sure the manager stays within their investment policy / money cannot leave the platform
Continue to accrue underlying block rewards in the LST-based strategies (brktETH)
For participating strategies, get access to transferrable tokens that can be used in permissioned DeFi markets or peer to peer with other allowlisted individuals
FOR PROTOCOLS
Yield opportunities create utility and stickiness. Existing protocols, whether they be LST, L2 BTC, ETH, or Stablecoins, WILL lose TVL if there isn't a reason for users to stay in the asset. Bracket builds the pipes to connect users to that yield
Spin up actively managed yield (DeFi or CeFi) quickly. Don't waste time trying to build new smart contracts, lot level accounting, or front-end services, Bracket can partner and serve as immediate plug and play infrastructure
Unlock composable yield for allowlisted users, excite LPs and investors with additional liquidity opportunities
FOR STRATEGY MANAGERS
Reach new customers and grow AUM
Become more transparent to give new generation of on-chain investors more peace of mind
Save time to market and improve distribution
Become an approved strategy manager to list your strategy opportunities on the platform or spin up a white-labeled solution
Get funds to deploy into your strategies to earn management fees on profits
Deploy tokens in your strategy as you normally would using browser injected wallets. Bracket's technology will permit whitelisted activity and only block activities outside of those boundaries.
Tokenized fund shares for approved allowlisted users unlocks liquidity and composability in DeFi
FOR TREASURIES
Deploy latent assets to managers on the platform, get access to actively managed products without long lockups, or extremely high minimums
Select strategies based on your risk tolerances
Get faster liquidity than traditional hedge fund lockups
Why us?
Bracket is the right team to execute
We have extensive experience building complex, on-chain products that have been successfully in production for over 18 months without incident
We have deep experience in Web3 dating back over 5 years
Deep tradfi experience
Backed by Binance Labs
Our smart contract code is audited by Zellic and Guardian
Quests
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