Bracket [BARS]
Bracket [BARS], our Points Program
Last updated
Bracket [BARS], our Points Program
Last updated
Backet has released its [BARS] program to foster community and loyalty in the Bracket Community. The following describes how [BARS] work and how they are distributed. The [BARS] program will reward our community for staking in our escrow staking app, using our platform, participating in quests, and more. Boosts can "stack" and add up to more rewards. Please see the examples at the end of this document for calculations and scenarios. **Please be aware that the [BARS] calculation is on a 24hrs schedule so please be patient after staking to see your [BARS] balance.**
| Phase | Start |
|---|---|
Bracket [BARS] = 1 point for notional $ per day ETH / LST / LRT will be converted into notional $
Deposits within each TVL Cap will receive a continuous points boost for Phase 1.
| TVL cap | Boost % |
|---|---|
Boosts for larger deposits
| Deposit size $ | Boost % |
|---|---|
Boosts for select assets will be announced*
*Note: boosts will run for limited time periods, will not be available for the entire season.
Boosts for early staking deposits
Boosts for long-term stakers
Boosts during certain Phases
Refer your friends and earn a boost
Boosts for completing social activities
Boosts for Bracket NFT, OG, buyers and LP providers
1. Maximizing Example
User deposits 150 stETH when staking in the $0-50mm TVL cap bucket and within the 0-72 hours window and remains staking into Phase II.
User will receive base points + 6 additional boosts (TVL, Early Deposit, Phase boost, Size, Continuous staking, Migration).
2. Phase I Early Deposit Example User deposits $3,500 of stETH when staking is within the $0-50mm TVL bucket and within the 0-72 hours window.
User will receive base points + 3 additional boosts (TVL, Early Deposit and Phase boost).
3. Phase I Late Deposit Example User deposits $3,500 of stETH when staking is in the $101-250mm TVL bucket and within the 120 - 192 hours window.
User will receive base points + 3 additional boosts (TVL, Early Deposit and Phase boost).
*Users can also get additional rewards from social incentives, asset boosts, and more. These will stack with the previous boosts.
4. Carrying Deposit into Phase II Example
User deposits $3,500 in stETH when staking is in the $101-250mm TVL bucket and within the 120 - 192 hours window and remains staking into Phase II after $brtkETH issuance
User will receive base points + 5 additional boosts (TVL, Early Deposit, Phase boost, Continuous staking, Migration).
Note: Phase 1 and Phase 2 points balance start at 0. All points earned are kept, but do not rollover from Phase to Phase.
For all examples: Users can also get additional rewards from social incentives, asset boosts, and more. These will stack with the previous boosts.
------ For disclaimer, please see the legal section.
| Asset | Boost | Start | End |
|---|---|---|---|
| Time staked (hrs) | Boost % |
|---|---|
| Phase | Boost % |
|---|---|
| Phase | Boost % |
|---|---|
| Referral | Boost % |
|---|---|
| [BARS] per day |
|---|
| [BARS] available |
|---|
| Points Boost | Calculation | Total Points |
|---|---|---|
| Points Boost | Calculation | Total Points |
|---|---|---|
| Points Boost | Calculation | |
|---|---|---|
| Points Boost | Calculation | Total Points |
|---|---|---|
Phase 1
July 31st (in progress)
Phase 2
Est. Q4 2024
$0-50mm
100%
$51-100mm
50%
$101-$250mm
20%
$100K+
15%
$500K+
25%
stETH
100%
August 5, 2024, 9:00:00 AM EST
August 16, 2024, 5:00:00 PM EST
rETH
TBD
eETH
100%
September 2 9:00:00 AM EST
September 14 9:00:00 AM EST
rsETH
100%
August 19 9:00:00 AM EST
September 14 9:00:00 AM EST
osETH
100%
September 16 9:00:00 AM EST
September 28 9:00:00 AM EST
STONE
100%
September 30 9:00:00 AM EST
October 12 9:00:00 AM EST
AnkrETH
TBD
October 14 9:00:00 AM EST
October 26 9:00:00 AM EST
Others TBA
TBD
0 - 72 hours
300%
72 - 120 hours
100%
120 - 192 hours
50%
Phase 1
0%
Phase 2
25% boost for 4 weeks of staking in Phase 1
Phase 1
100%
Phase 2
0%
Example: you refer 5 friends who deposit $50,000 worth of LST / LRT. You will accrue 20% of their 50,000 points per day
20%
50K points per wallet available for completing certain social activity and quests
2 billion [BARS] available for NFT holders, OG, buyers, LP providers, and other active community contributors
Base points
Assume 150 stETH = $525,000 USD = 525,000 points
525,000 per day
TVL boost
100% x 525,000 Base points = 525,000
525,000 per day until the end of Phase I
Early Deposit boost
300% x 525,000 Base points = 1,575,000
1,575,000 per day until the end of 72 hours
Phase boost
100% x 525,000 Base points = 525,000
525,000 per day until the end of Phase I
Size boost
25% x 525,000 Base points = 131,250
131,250 per day until the end of Phase I
Continuous staking boost (must stake at least 4 continuous weeks in Phase I)
25% x Phase II Base points
Phase II base points will receive 25% boost per day
Migration bonus ($brktETH)
100% of 525,000 brktETH minted = 525,000 bonus
Phase II will begin with 525,000 bonus
Total
3,281,250 per day until the boosts expire
Phase II start with 525,000 bonus + will receive 25% boost on Base points per day
Base points
Assume 1 stETH = $3,500 USD = 3,500 points
3,500 per day
TVL boost
100% x 3,500 Base points = 3,500
3,500 per day until the end of Phase I
Early Deposit boost
300% x 3,500 Base points = 10,500
10,500 per day until the end of 72 hours
Phase boost
100% x 3,500 Base points = 3,500
3,500 per day until the end of Phase I
Total
21,000 per day until the boosts expire
Base points
Assume 1 stETH = $3,500 USD = 3,500 points
3,500 per day
TVL boost
20% x 3,500 Base points = 3,500
700 per day until the end of Phase I
Early Deposit boost
50% x 3,500 Base points = 10,500
1,750 per day until the end of 192 hours
Phase boost
100% x 3,500 Base points = 3,500
3,500 per day until the end of Phase I
Total
9,450 per day until the boosts expire
Base points
Assume 1 stETH = $3,500 USD = 3,500 points
3,500 per day
TVL boost
20% x 3,500 Base points = 3,500
700 per day until the end of Phase I
Early Deposit boost
50% x 3,500 Base points = 10,500
1,750 per day until the end of 192 hours
Phase boost
100% x 3,500 Base points = 3,500
3,500 per day until the end of Phase I
Continuous staking boost (must stake at least 4 continuous weeks in Phase I)
25% x Phase II Base points
Phase II base points will receive 25% boost per day
Migration bonus ($brktETH)
100% of 3,500 brktETH = 3,500 bonus
Phase II will begin with 3,500 bonus
Total
9,450 per day until the boosts expire
Phase II start with 3,500 bonus + will receive 25% boost on Base points per day
