Future

DeFi

Panama, Republic of Panama, July 31st, 2024, Chainwire 
Bracket is excited to announce the official launch of its Phase I liquidity program.
Bracket is embarking on a three-phase journey toward its LSTfi platform, where users can deploy their LSTs &amp; LRTs into earning opportunities.
Phase I allows users to stake supported Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs) into escrow to participate and stack rewards starting July 31st, 2024.
Early depositors will experience the best incentives of the protocol's points system, Bracket [BARS]. Users earn ETH rewards, LRT points, and [BARS] while staking and keep rewards earned up to withdrawal prior to the launch of $brktETH in Phase II.
Phase II will begin approximately 90 days after Phase I goes live. This will lead to the introduction of passive and active trading strategies. At the same time, users build up rewards before the launch of Bracket's own LRT, $brktETH, with the goal of capital efficiency and enhanced earning opportunities.
<h2 id="pioneering-the-future-of-lstfi">Pioneering the Future of LSTfi</h2>
LSTs have matured into a reliable asset class, earning the trust of both users and investors due to their constantly accruing block rewards.&nbsp;
However, their non-fungibility remains a hurdle. Bracket addresses this by providing a platform that pools LSTs, enhances collateral efficiency, and aims to create earning opportunities and active trading strategies.
<h2 id="key-benefits-for-all-stakeholders">Key Benefits for All Stakeholders</h2>
Several benefits for users include increased utility for LSTs and LRTs and access to passive and active strategies within a consistent user interface. For all of the points farmers out there, Bracket has developed its own points system, called [BARS], which is being released in Phase I. The system allows users to accrue points through staking activities.&nbsp;
Additionally, users benefit from margin lending and collateral management as well as performance metrics across strategies for consistency and comparability.&nbsp;
Issuers retain their total value locked (TVL) by offering additional utility and benefits to the community.
<blockquote>
 Mike Wasyl, CEO and Co-founder of the company, had this to say on the current state of Bracket:&nbsp; “Those who were around in 2017 remember when a global permissionless settlement computer was merely a dream. It was an exciting time. There was real energy in the room, and everyone was excited to build even though the future was hazy. Gathering with my team at Bracket, I feel the same excitement now about the future of DeFi and liquid staking. But for the first time, the image has sharpened. The UX, collateral quality, and DeFi utilities are all there to create a powerhouse LSTfi platform…and we intend to build it.”
</blockquote>
<blockquote>
 “Liquid staking has captured the lion’s share of DeFi TVL for the last year, and for good reason. LSTs expose users to passively accruing block rewards, growing a native, on-chain asset class that cannot be replicated in TradFi. We will introduce a new platform based on our experience as creators in DeFi. DeFi users deserve a simple, fun, and effective experience with elegant UX to deploy liquid staked assets into the on-chain economy.”
</blockquote>
<h2 id="phase-based-launch-program">Phase-Based Launch Program</h2>
The team is launching in multiple phases.
Phase I - Stake LSTs in Escrow:&nbsp;
Bracket is accepting supported LSTs/LRTs into escrow until the launch of $brktETH in Phase II. During this phase, users earn ETH rewards, LRT points, and Bracket Points, branded as [BARS], while staking.
Phase II - Get and Use $brktETH:&nbsp;
LST/LRT stakers can claim their $brktETH from escrow. Here, Bracket’s first products and strategies will become available. $brktETH will be essential for participating in these features.
<h3 id="more-on-brkteth">More on $brktETH</h3>
$brktETH, a new Liquid Restaking Token (LRT), offers access to strategies on the Bracket Platform. Backed by a blended treasury of LSTs and LRTs, $brktETH is a high-quality DeFi collateral that provides:
<ul>
 <li>Fungibility in underlying LST collateral</li>
 <li>Diversified exposure</li>
 <li>Enhanced capital efficiency</li>
 <li>Aggregate ETH block rewards and continued accrual of points</li>
</ul>
The price of $brktETH is dynamically calculated based on the composited value of its treasury's assets, ensuring transparency and accuracy.
<h2 id="about-bracket">About Bracket&nbsp;</h2>
Bracket is liquid-staked DeFi, supported by Binance Labs and over 20 global institutional investors, Bracket is set to lead the new wave of DeFi innovations.
Bracket is a leading DeFi platform that provides innovative solutions for liquid-staked tokens. The team aims to enhance collateral efficiency and offer high-earning opportunities for users, issuers, and protocols.
For further reading, users can visit the project's <a href="https://bracket-labs.gitbook.io/bracket" rel="noopener noreferrer nofollow" target="_blank">GitBook</a>. users can join the community by following on <a href="https://x.com/bracket_fi" rel="noopener noreferrer nofollow" target="_blank">X</a> and <a href="https://t.me/bracket_community" rel="noopener noreferrer nofollow" target="_blank">Telegram</a>, hopping into <a href="https://discord.gg/bracket" rel="noopener noreferrer nofollow" target="_blank">Discord</a>, and visiting the <a href="https://www.bracket.fi/" rel="noopener noreferrer nofollow" target="_blank">official website</a>. 
<h5>Contact</h5>Jamie Kingsley Bracket Labs j.kingsley@theprgenius.com 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Bracket Launches Phase I Platform For Liquid Staked DeFi (31 Jul)

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