KYC Compliance Limits

Bracket will implement compliance limits on DeFi strategies and will work with managers to implement their preferred KYC/AML and onboarding documentation flows as needed.

Please see terms of service for user eligibility. Starting in Phase II, the Bracket Platform will have KYC limits based on volume tiers and activity on the platform. These limits are subject to change without notice as Bracket is required. The below does not include OFAC checks and other required transaction monitoring thresholds that Bracket will enforce.

Grace period: To provide fair warning to our current users, there will be a grace period. Bracket will announce when these standards will go into effect.

Tier 0

Action
USD equivalent
Requirement

Swapping into brktETH via Bracket

<3,000

Eligible users permitted

Redeeming brktETH for underlying assets via Bracket

<3,000

Eligible users permitted

Deploying into a DeFi strategy

<3,000

Eligible users permitted

Tier 1

Action
USD equivalent
Requirement

Swapping into brktETH via Bracket

>3,000

Eligible users permitted

Redeeming brktETH for underlying assets via Bracket

>3,000

Eligible users permitted

Deploying into a DeFi strategy

>3,000

Eligible users permitted

Tier 2

Action
USD equivalent
KYC required

Swapping into brktETH via Bracket

>10,000

ID verification

Redeeming brktETH for underlying assets via Bracket

>10,000

ID verification

Deploying into a DeFi strategy

>10,000

ID verification

Tier 3

Action
USD equivalent

Swapping into brktETH via Bracket

>200,000

Full KYC

Redeeming brktETH for underlying assets via Bracket

>200,000

Full KYC

Deploying into a DeFi strategy

>200,000

Full KYC

Tier 4

Action
USD equivalent

Swapping into brktETH via Bracket

>1,000,000

Full KYC, focused on institutions, UBOs etc.

Redeeming brktETH for underlying assets via Bracket

>1,000,000

Full KYC, focused on institutions, UBOs etc.

Deploying into a DeFi strategy

>1,000,000

Full KYC, focused on institutions, UBOs etc.

CeFi Strategies KYC/AML and onboarding terms will unique for each manager and strategy

*Note that the above thresholds are initial and can change based on our compliance policies and program. Fair notice will be made to users regarding changes.

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