FAQ
What is Bracket launching? Bracket is launching a platform for Liquid Staked DeFi, allowing users to aggregate Liquid Staked Tokens (LSTs) and Liquid Restaking Tokens (LRTs) to enhance collateral efficiency and maximize earning opportunities.
When did Bracket begin operating? Bracket Labs started in 2021 by creating DeFi derivatives protocols. In 2023, the team was recognized by Binance and joined the Binance Labs Incubator, Season 5, where they were overall runner-up in the Build-the-Block competition.
Why is Bracket building a platform for Liquid Staked DeFi? Bracket aims to solve the complexity and inconsistencies in DeFi utility for LST/LRT assets by creating a platform that allows aggregating these assets for better collateral efficiency and maximizing returns.
What is $brktETH? $brktETH is a token comprised of a composite of liquid staking tokens. Unlike tokens that restake LSTs to EigenLayer, $brktETH has an aggregate rate of the underlying treasury and serves as broad-based exposure to the Liquid Staking Market.
What can I do with $brktETH? $brktETH is a great way to gain broad exposure to the liquid staking market, offering a high-quality collateral-backed asset to use in DeFi. $brktETH will be most useful on the Bracket platform in Phase II of launch when the platform is live with DeFi strategies and other opportunities.
How will the price of $brktETH be calculated? The price of $brktETH will be calculated as the $ETH equivalent value of all its underlying collateral divided by the amount of $brktETH allocated by the smart contract. This value is dynamically calculated and transparent, with frequent updates on the Ethereum network, and recorded on-chain to the $brktETH contract on the Arbitrum network.
What assets will be supported when staking opens? At first, Bracket will support a vetted shortlist of LSTs and LRTs including but not limited to $stETH, $rETH, $eETH, $rsETH, $osETH, $ankrETH, $STONE, $sfrxETH, $cbETH. Please see documentation regarding our selection criteria here.
What if I only have ETH? Can I participate? Yes. Bracket requires that users convert their ETH to one of the supported LSTs or LRTs. We provide a third-party swap feature (Uniswap) for users at the point of staking.
For Phase I staking, will withdrawals be enabled from day 1? Yes, users can stake and withdraw at any time during Phase I.
Will there be other LP or liquidity pools for us to participate in? Yes, Bracket will have LP opportunities for $brktETH that can be accessed via the platform or from third parties.
How does the points [BARS] system work? Please go here for more on [BARS] and how to accumulate.
How do I maximize my [BARS] potential? To maximize your [BARS] accumulation, you want to participate from DAY 1, during the $0-50mm TVL bucket. Please see the examples in our [BARS] section.
What happens during Phase II? In the Phase II launch, all staked assets are locked and the smart contract allocates $brktETH, the aggregate LRT token. You can use $brktETH in our platform and in other DeFi opportunities.
Can I withdraw my staked LST/LRTs in Phase II? What happens if I withdraw? You can withdraw at any time during Phase II and keep all the Bracket [BARS] you accrued. If you make a partial withdrawal, you will continue to accrue [BARS] on the remaining assets. Similar to LST protocols, there will be up to a 5 day delay on withdrawals in Phase II for protocol security.
Last updated