Bracket reposted this
#Bracket is poised to lead the new wave of DeFi innovations. It has officially launched its Phase I liquidity program, embarking on a three-phase journey toward its LSTfi platform. This cutting-edge DeFi platform will enable users to deploy their Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs) into earning opportunities. In Phase I, users can stake supported LSTs and LRTs into escrow, participating in and stacking rewards. Phase II will introduce both passive and active trading strategies, allowing users to build up rewards ahead of Bracket’s launch of its own LRT, $brktETH. While LSTs have become a reliable asset class due to their consistently accruing block rewards, their non-fungibility remains an obstacle. Bracket addresses this by offering a platform that pools LSTs, enhances collateral efficiency, and aims to create active trading strategies and earning opportunities. Points farmers can benefit from Bracket’s proprietary points system, [BARS], which allows users to collect points through staking activities. Mike Wasyl, CEO and Co-founder of Bracket has expressed his intention to create a ‘powerhouse LSTfi platform.’ We can already see his plans taking shape.