Phase I Staking
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.
$0-50mm
100%
$51-100mm
50%
$101-$250mm
20%
Size multipliers
Boosts for larger deposits
$100K+
15%
$500K+
25%
Asset multipliers
Boosts for select assets will be announced*
stETH
100%
August 5, 2024, 9:00 AM EST (14:00 UTC)
August 16, 2024, 5:00 PM EST (14:00 UTC)
rETH
TBD
eETH
100%
September 2 9:00 AM EST (14:00 UTC)
September 14 9:00 AM EST (14:00 UTC)
rsETH
100%
August 19 9:00 AM EST (14:00 UTC)
September 14 9:00 AM EST (14:00 UTC)
osETH
100%
September 16 9:00 AM EST (14:00 UTC)
September 28 9:00 AM EST (14:00 UTC)
STONE
100%
September 30 9:00 AM EST (14:00 UTC)
October 12 9:00 AM EST (14:00 UTC)
AnkrETH
TBD
October 14 9:00 AM EST (14:00 UTC)
October 26 9:00 AM EST (14:00 UTC)
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
0 - 72 hours
300%
72 - 120 hours
100%
120 - 192 hours
50%
Continuous staking
Boosts for long-term stakers
Phase 1
0%
Phase 2
25% boost for 4 weeks of staking in Phase 1
Phase boost
Boosts during certain Phases
Phase 1
100%
Phase 2
0%
Social incentives
Referral boost
Refer your friends and earn a 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
50K points per wallet available for completing certain social activity and quests
Community boost
Boosts for Bracket NFT, OG, buyers and LP providers
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 + 5 additional boosts (TVL, Early Deposit, Phase boost, Size, Continuous staking).
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
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).
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).
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 + 4 additional boosts (TVL, Early Deposit, Phase boost, Continuous staking).
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
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 balance start at 0 and will rollover to Phase 2
For all examples: Users can also get additional rewards from social incentives, asset boosts, and more. These will stack with the previous boosts.
