Rewards and Points Accruals

Rewards

As part of our ETH+ strategy, holders of $brktETH can stack and accrue rewards and points. They will receive:

• The native of ETH return, +

• Aggregate ETH staking block rewards, +

• Continue to accrue points on their deposited LRTs (if any), +

• Receive Bracket [BARS], +

• Potentially earn high-returns by deploying $brktETH in Bracket Platform strategies

Points Distribution Policy

As highlighted above in purple, some LRTs still have active point programs running. Bracket understands that users want to stack their points within $brktETH in addition to earning Bracket [BARS]. Although users are no longer tied to any specific asset for withdrawals as they were during Phase I, Bracket still tracks off-chain who deposited each asset and its value in USD at the time of deposit. This is used for points accounting. Bracket has relationships with all of the LST protocols on our platform, and exchange data with them daily to track points.

Points are distributed based on the proportionate net value of assets deposited that still remain in the platform at the time points are distributed.

Please see the Bracket [BARS] page for more detail about the Bracket points you an earn.

Example:

For a hypothetical LST's $xETH and yETH, if User 1 deposits $10k of xETH and later User 2 deposits $40k of xETH, but User 3 withdraws some xETH leaving the total holdings at $25k xETH, any points received from xETH will be distributed proportionately.

• User 1: Receives 20% of the points (equivalent to $5k of xETH).

• User 2: Receives 80% of the points (equivalent to $20k of xETH).

Partial withdrawals (or transfers) are handled proportionately.

In the example above, the total holding of xETH was less than deposited due to User 3 taking out xETH. However, this can also work to the user’s benefit. If a user deposits xETH but then takes out yETH, there is then excess xETH in the treasury, so each xETH depositor will receive more points than they would have normally have expected by holding the underlying xETH asset. Bracket does NOT collect your points, we tell the various LST protocols which wallet to credit and you continue to accrue and redeem points at their websites.