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 & 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.
Pioneering the Future of LSTfi
LSTs have matured into a reliable asset class, earning the trust of both users and investors due to their constantly accruing block rewards.
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.
Key Benefits for All Stakeholders
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.
Additionally, users benefit from margin lending and collateral management as well as performance metrics across strategies for consistency and comparability.
Issuers retain their total value locked (TVL) by offering additional utility and benefits to the community.
Mike Wasyl, CEO and Co-founder of the company, had this to say on the current state of Bracket: “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.”
“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.”
Phase-Based Launch Program
The team is launching in multiple phases.
Phase I - Stake LSTs in Escrow:
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:
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.
More on $brktETH
$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:
Fungibility in underlying LST collateral
Diversified exposure
Enhanced capital efficiency
Aggregate ETH block rewards and continued accrual of points
The price of $brktETH is dynamically calculated based on the composited value of its treasury's assets, ensuring transparency and accuracy.
About Bracket
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 GitBook. users can join the community by following on X and Telegram, hopping into Discord, and visiting the official website.
Willemstad, Curaçao, April 2nd, 2025, Chainwire
Overtime, an onchain sportsbook platform, has formally integrated its parent protocol, Thales, under the Overtime brand. The consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, $OVER. As part of the transition, the project has also unveiled a new primary domain and implemented full Account Abstraction integration to enhance the platform's user experience.
With over four years of develop...
London, UK, April 2nd, 2025, Chainwire
Decentraland's flagship virtual event returns April 9–12, showcasing digital fashion as a new canvas for storytelling, activism, and global identity.
Metaverse Fashion Week (MVFW) returns to Decentraland from April 9–12, amid a shifting fashion landscape characterized by declining traditional luxury sales and evolving consumer preferences. MVFW 2025 highlights digital fashion's growing relevance as a meaningful response to these industry transformations. U...
Mombasa, Kenya, April 2nd, 2025, Chainwire
DePIN Summit Africa, the premier global event for Decentralized Physical Infrastructure Networks (DePIN), is set to return in 2025, taking place on July 2nd in Mombasa, Kenya, and July 4th-5th in Zanzibar, Tanzania. The summit, organized by EV3, Share, and ThreeFold, will gather industry leaders, innovators, and policymakers to explore the transformative potential of decentralized infrastructure globally.
Following the success of the 2024 edition, whic...
