Bracket [BARS]

Bracket [BARS], our Points Program

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.**

Season 1

Phase	Start
Phase 1	July 31st (in progress)
Phase 2	Est. Q4 2024

Conversion

Bracket [BARS] = 1 point for notional $ per day ETH / LST / LRT will be converted into notional $

TVL incentives

TVL multipliers

Deposits within each TVL Cap will receive a continuous points boost for Phase 1.

TVL cap	Boost %
$0-50mm	100%
$51-100mm	50%
$101-$250mm	20%

Size multipliers

Boosts for larger deposits

Deposit size $	Boost %
$100K+	15%
$500K+	25%

Asset multipliers

Boosts for select assets will be announced*

Asset	Boost	Start	End
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

*Note: boosts will run for limited time periods, will not be available for the entire season.

Time incentives

Early deposit

Boosts for early staking deposits

Time staked (hrs)	Boost %
0 - 72 hours	300%
72 - 120 hours	100%
120 - 192 hours	50%

Continuous staking

Boosts for long-term stakers

Phase	Boost %
Phase 1	0%
Phase 2	25% boost for 4 weeks of staking in Phase 1

Phase boost

Boosts during certain Phases

Phase	Boost %
Phase 1	100%
Phase 2	0%

Social incentives

Referral boost

Refer your friends and earn a boost

Referral	Boost %
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%

Social activity boost

Boosts for completing social activities

[BARS] per day
50K points per wallet available for completing certain social activity and quests

Community boost

Boosts for Bracket NFT, OG, buyers and LP providers

[BARS] available
2 billion [BARS] available for NFT holders, OG, buyers, LP providers, and other active community contributors

Example calculations:

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).

Points Boost	Calculation	Total Points
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

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).

Points Boost	Calculation	Total Points
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

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).

Points Boost	Calculation
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

*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).

Points Boost	Calculation	Total Points
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

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.