Bracket, a DeFi platform backed by Binance Labs, has introduced its strategy management platform. The platform will offer liquid staking token (LST) holders access to higher staking yields on Ethereum. 

Known as ‘ETH+,’ this feature will reportedly address inefficiencies in traditional LST liquidity pools. These pools are often fragmented and prevent seamless yield optimization.

Bracket is Changing Liquid Staking on Ethereum

According to the announcement, brktETH is at the core of Bracket’s platform. This is a non-rebasing token backed by a treasury of diverse LSTs and liquid restaking tokens (LRTs). 

The token aggregates assets from providers like Lido, Rocket Pool, and Ether.fi. This simplifies staking on Ethereum and creates a unified approach to yield generation.

“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,” Mike Wasyl, CEO of Bracket, told BeInCrypto. 

Unlike conventional staking tokens that increase in quantity, brktETH gains value through a rising conversion rate relative to ETH.

The platform excludes users from the US and sanctioned regions due to regulatory restrictions.

Previously in an interview with BeInCrypto, Wasyl noted growing interest in passive investment strategies centered on LSTs. 

The DeFi sector has seen increased adoption of these tokens as investors favor stable returns over speculative trading. Industry leaders like Lido continue to drive this trend, benefiting from a broader interest in liquid staking solutions.

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Author: Mohammad Shahid