Phase II: Get and use brktETH

Receive your brktETH and deploy it to earn with Bracket strategies.

Claiming brktETH

Phase II will be an exciting time for the Bracket Protocol and our community. It will be where brktETH can be redeemed and put to work within the Bracket Platform within Strategy Vaults. brktETH holders will be in complete control of what Bracket strategies, if any, they choose to deploy their brktETH into.

At the start of Phase II, Bracket protocol will cease any further escrow deposits or withdrawals. The escrowed collateral will now become the pooled treasury collateral for the newly minted brktETH. Users will then be able to claim their brktETH on bracket.fi on the Ethereum Network.

Once Phase II is open, you will be able to return to bracket.fi and access the claim screen. It will display your holdings with values at the time escrow closed, the total amount of equivalent ETH, and the amount of brktETH available to claim.

Escrow Break Process

Phase II will involve a breaking of staking escrow. There will be a few important steps the protocol will take to brktETH is properly allocated by the smart contract. 1. Assets currently on Arbitrum will be LOCKED 8-days prior to escrow break 2. These assets will bridge from Arbitrum to Ethereum to enable the brktETH allocation process on Ethereum 3. The process will be announced to the community prior to locking date 4. Certain assets that have de minimis balances will no longer be supported but will be withdrawable prior to locking, as well as redeemable via the brktETH redemption feature via redeem-swap to the asset after escrow break.

See Escrow Stakingfor more information on the conversion calculation. Claiming brktETH is MANDATORY if you have assets in the protocol after lock and after the 28th. There is NOT OTHER WAY to get assets out of the treasury.

Schedule for Phase II Asset Locks

Chain	Lock Date	Duration
Arbitrum	January 14, 2025 9:00AM EST	Until launch on the 28th
Ethereum	January 21nd, 2025 9:00AM EST	Until launch on the 28th

BrktETH Claim

Date
Starting Tuesday January 28th, 9am EST

Supported assets in Phase II

Asset	Ticker	Supported
Ethereum	ETH, wETH	Yes
Lido Staked ETH	stETH, wstETH	Yes
Rocket Pool ETH	rETH	Yes
Ether.fi ETH	eETH, weETH	Yes
Kelp Restaked ETH	rsETH	Yes
Stakestone	STONE	Yes
Coinbase ETH	cbETH	Yes

Third-Party Points Accounting

Some assets like eETH and rsETH still have active points programs. In Phase I, points were accounted for directly via your balances staked and provided to partners via an API. In other words, these protocols knew Bracket was a partner and points were accounted for. In Phase II, points will be accounted for a bit differently: Once assets commit to the treasury in Phase II, Bracket still looks what a user has but as a pro-rata share of the treasury. Because brktETH holders users can swap into any supported assets from the treasury, the total amount of an asset in treasury can change. However, the user still is accounted for using a pro-rata share of that new balance. E.g. 100 eETH in treasury and User A has 3% share. If balance is reduced by 50 eETH, User A still receives 3%, but of the 50 eETH balance. The opposite is also true: If someone adds 50 eETH to the 100eETH so that the treasury balance is 150 eETH, User A still receives 3% of the new higher balance.

Deploy your brktETH

After claiming your brktETH you can now put it to work in the various strategies run by strategy managers. Go to the next page to learn more about the Bracket Platform.