$brktETH

Creating LST/LRT fungibility to enable enhanced utility

Bracket's smart contracts will allcoate 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