Bracket, a DeFi platform for liquid-staked assets backed by Binance Labs, has officially launched its flagship strategy management platform – enabling LST holders to unlock enhanced staking yields (termed ‘ETH+’) through professionally managed strategy vaults. The platform will connect LSTs to the best yield opportunities while maintaining long ETH exposure.
Whilst the TVL of Ethereum liquid staking skyrocketed from $284M to $17B last year, yet staking yields have declined, with current average yields hovering around 3% APY, down from 4.4% post-Ethereum-Merge in 2023. LSTs often exist in separate, isolated liquidity pools with inefficient funding, and are unable to be interchanged with one and other. This significantly hinders users’ ability to optimize yield across platforms.
The first strategy management vault will be open from January 28 to February 3, giving brktETH holders ten days to deploy and lock in their token deposits. Through Bracket’s strategy management vaults, LST holders will now be able to move assets seamlessly between strategies in accordance with transparent reporting. The platform’s central operating asset is brktETH – an aggregate, non-rebasing token backed by a diverse treasury of LSTs and LRTs. brktETH simplifies staking by pooling assets from multiple providers like Lido, Rocket Pool, and Ether.fi, offering a fungible, efficient universal collateral – enabling users to unlock consistently higher returns without managing complex strategies.
Unlike traditional staking tokens, brktETH accumulates value relative to ETH through a growing conversion rate rather than by increasing token quantity. In combining ETH’s native returns, aggregate staking block rewards, and additional rewards like Bracket [BARS] and LRT points, the platform empowers users to take control of their investments.
This will bring much needed sovereignty to the way users navigate the challenging environment of high-trading costs, cumbersome transactions and limited leverage opportunities.
“The launch of our strategy management platform is a defining moment for Bracket. Phase II takes us closer to our vision of creating a secure, user-friendly platform where DeFi participants can maximize their yields without compromising transparency or safety,” said Mike Wasyl, CEO of Bracket.
This launch will mark the beginning of Phase II product deployment – in which users will be able to redeem their brktETH after an initial 5 day timeframe. After that, users can redeem their brktETH for an equivalent value of underlying treasury assets. Supported assets in Phase II include Ethereum ($ETH, $wETH), Lido Staked ETH ($stETH, $wstETH), Rocket Pool ETH ($rETH), Ether.fi ETH ($eETH, $weETH), Kelp Restaked ETH ($rsETH), Stakestone ($STONE), and Coinbase ETH ($cbETH). Assets with minimal balances are no longer supported but will be converted automatically to a supported asset.
About Bracket
Bracket is a leading DeFi platform focused on liquid-staked assets and strategy management. It is designed to simplify and improve the use of Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs). The platform provides users with tools to maximize yields while maintaining exposure to ETH. Bracket’s innovative token, brktETH, creates fungibility among various LSTs, making them more flexible and efficient as collateral.
Bracket enables users to deploy brktETH into professionally managed strategy vaults, generating additional rewards through secure and transparent on-chain strategies. Its mission is to create a unified and secure ecosystem where DeFi participants can maximize returns without complexity or risk.