Managing the Treasury

Managing the Treasury

$brktETH will be available on the Ethereum networks and the treasury will be held within that Ethereum smart contract. Because we are vetting the assets allowed in the treasury for yield and low risk, we will not be initially managing the asset mix.

The mix of accepted LSTs/LRTs will change over time mostly due to the balance of deposits vs withdrawals. However we will also add new eligible LST/LRTs as new providers enter the marketplace. We may also need to remove an asset from the treasury. This would usually be due to:

• One LST/LRT is no longer producing competitive block rewords and is dragging down the treasury's return.

• The LST/LRT's protocol has become risky in some other way that is now unacceptable.

In this case the treasury would need to swap that asset for a more acceptable asset. Bracket Labs reserves the right to manage and protect the treasury in the best interest of all users.