ETH+ Looping DeFi Yield Strategy

Last update: August 4rd

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

Administrator: Boreal Deposit: Daily Withdrawals: Weekly (t+7) About the Strategy: The strategy is to loop the 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.

Vault Token Symbol (a-token)
brETH-L

Deposit assets supported
wETH

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: Policy Managed Wallet Address: 0xdE72B3D479076A230442a8E189F6b3e2EAccaAED 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 fund manager/advisor can unilaterally withdraw funds out of this wallet. Funds are non-custodial and limited to the following protocols, assets, and bridges: Chains: Ethereum

Lending and Other Protocols

The strategy optimizes capital efficiency by deploying assets in:

• Morpho - Enhances peer-to-peer lending efficiency

• Bracket - Strategy buys the brETH token to leverage loop it on Morpho

Supported Assets

The strategy supports

• wETH

• brETH

• brETH-L

Enforced Deposit and Withdrawal Policies: Note that withdrawals are locked during the NAV update period, 18:00 UTC (2:00pm EDT) + ~2hrs Deposits can be made during the lock period. --

Action Type	Cutoff
Deposit Request	Daily, submit prior to 18:00 UTC (2:00pm EDT)
Deposit Processed	18:00 UTC (2:00pm EDT) + ~2hrs
Withdrawal Request	Submit prior to 18:00 UTC (2:00pm EDT)
Withdrawal Processed	Daily requests, but rolling weekly schedule. Submit prior to 18:00 UTC, (2:00pm EDT); available 7 days later + ~2hrs for processing

Initial Calendar Example

Action type	Date/Cutoff	Notes
Initial Deposit Request	Aug 11th 18:00 (2:00pm EDT) + ~2hrs	Begins accepting deposits
Deposit Processed	Aug 11th 18:00 (2:00pm EDT) + ~2hrs	Cutoff by which time you need to deposit
First Withdrawal Request	August 11th 18:00 (2:00pm EDT) + ~2hrs	Cutoff to request withdrawal
First Withdrawal Processed	August 18th 18:00 (2:00pm EDT) + ~2hrs. Reminder this is a 7 day rolling weekly schedule	When withdrawals will be processed and claimable. You'll have to manually claim on platform

-- 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 Vault's Investment Policy 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 for more information.