Phase II: Get and use $brktETH
Receive your $brktETH and deploy it to earn with Bracket strategies.
Last updated
Receive your $brktETH and deploy it to earn with Bracket strategies.
Last updated
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.
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 approximately 1-week 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. Supported assets in Phase II
Asset | Ticker | Supported |
---|---|---|
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.
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