Bracket unveils new platform for enhanced liquid staking yields

Bracket, a decentralised finance (DeFi) platform supported by Binance Labs, has launched a new strategy management platform designed to optimise liquid staking yields on Ethereum (CRYPTO:ETH).

This initiative, known as ‘ETH+,’ aims to tackle inefficiencies in traditional liquid staking token (LST) liquidity pools, which often suffer from fragmentation and yield limitations.

At the heart of this platform is brktETH, a non-rebasing token backed by a diverse treasury of LSTs and liquid restaking tokens (LRTs).

This token aggregates assets from providers such as Lido, Rocket Pool, and Ether.fi, facilitating a unified approach to staking on Ethereum.

“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 maximise their yields without compromising transparency or safety,” stated Mike Wasyl, CEO of Bracket.

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

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

The growing interest in passive investment strategies centered around LSTs reflects a shift in the DeFi sector as investors increasingly seek stable returns rather than engaging in speculative trading.

As of 2024, 24% of Ethereum's total supply has been staked, highlighting the community’s preference for passive income options despite declining staking rewards.

The Shapella upgrade has further enhanced flexibility by allowing withdrawals of staked ETH, yet staking activity continues to rise.

Despite the decline in Ethereum’s staking rewards to around 3% in Q3 2024, interest remains robust among investors.