# ETH+ Looping DeFi Yield Strategy

Bracket is pleased to present the ETH+ Looping DeFi Yield Strategy

**Administrator:**\
[Boreal](https://boreal.xyz/)\
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**Deposit:** Daily\
**Withdrawals:** Weekly (t+7)\
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**About the Strategy:**\
The strategy is to loop the [brETH](https://docs.bracket.fi/product/bracket-platform/strategy-vaults/breth) token on Morpho up to 7x leverage, depending on market conditions. Risk management aims to maximize returns and minimize drawdowns by monitoring on-chain LTV and borrow costs. Typically this is maintaining <86% LTV.&#x20;

| Policy managed wallet                      | Vault Contract                             |
| ------------------------------------------ | ------------------------------------------ |
| 0xdE72B3D479076A230442a8E189F6b3e2EAccaAED | 0x1eF942401C74650a54319D4BD67D1CB69F548c96 |

<table><thead><tr><th>Vault Token Symbol (a-token)</th><th data-hidden></th></tr></thead><tbody><tr><td>brETH-L</td><td></td></tr></tbody></table>

<table><thead><tr><th>Deposit assets supported</th><th data-hidden></th></tr></thead><tbody><tr><td>wETH</td><td></td></tr></tbody></table>

**Fees:**

| Fee type    | Fee  | Notes                                      |
| ----------- | ---- | ------------------------------------------ |
| Performance | 15%  | Must exceed water mark for positive return |
| TVL         | 0.5% | Bracket platform flat fee                  |

**Source of yield:**

* Leverage looping brETH to 7x in Morpho

**Enforced Capabilities:**\
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**Policy Managed Wallet Address:** \
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**0xdE72B3D479076A230442a8E189F6b3e2EAccaAED**\
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Funds movement is limited by the Bracket Protector for MPC wallets, the Policy Managed Wallet, with Bracket Platform serving as a policy administrator. Neither Bracket nor the Vault Administrator can unilaterally withdraw funds out of this wallet. Funds are non-custodial and limited to the following protocols, assets, and bridges:\
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**Chains:**\
Ethereum

**Lending and Other Protocols**

The strategy optimizes capital efficiency by deploying assets in:

* &#x20;**Morpho -** Enhances peer-to-peer lending efficiency
* &#x20;**Bracket -** Strategy buys the brETH token to leverage loop it on Morpho<br>

**Supported Assets**

The strategy supports<br>

* wETH
* brETH
* brETH-L<br>

**Enforced Deposit and Withdrawal Policies:**\
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\&#xNAN;***Note that withdrawals are locked during the NAV update period, 17:30 UTC (1:30pm EDT) + \~2hrs***\
***Deposits can be made during the lock period.*** \
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<table><thead><tr><th>Action Type</th><th width="353">Cutoff</th></tr></thead><tbody><tr><td>Deposit Request</td><td>Daily, submit prior to 17:30 UTC (1:30pm EDT)</td></tr><tr><td>Deposit Processed</td><td>17:30 UTC (1:30pm EDT) + ~2hrs</td></tr><tr><td>Withdrawal Request</td><td>Submit prior to 17:30 UTC (1:30pm EDT)</td></tr><tr><td>Withdrawal Processed</td><td>Daily requests, but <em>rolling</em> weekly schedule. Submit prior to 17:30 UTC, (1:30pm EDT); available 7 days later + ~2hrs for processing</td></tr></tbody></table>

**Initial Calendar Example**

| Action type                | Date/Cutoff | Notes                                                                                       |
| -------------------------- | ----------- | ------------------------------------------------------------------------------------------- |
| Initial Deposit Request    | TBD         | Begins accepting deposits                                                                   |
| Deposit Processed          | TBD         | Cutoff by which time you need to deposit                                                    |
| First Withdrawal Request   | TBD         | Cutoff to request withdrawal                                                                |
| First Withdrawal Processed | TBD         | When withdrawals will be processed and claimable. You'll have to manually claim on platform |

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***Disclaimer**: Dates listed above may be subject to change with or without notice. Supported assets, wallets, and/or protocols may be updated in line with* [changing-a-vaults-investment-policy](https://docs.bracket.fi/product/bracket-platform/changing-a-vaults-investment-policy "mention") *rules. \*Target rate for the vault is illustrative and the reported rate will depend on actual performance. Eligible users only, please see* [*Terms and Conditions*](https://www.bracket.fi/terms-of-service) *for more information.*&#x20;