"Bracket Revolutionizes Ethereum Staking with 'ETH+' Launch"

Bracket Launches New Platform to Simplify Liquid Staking on Ethereum

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, which are often fragmented and prevent seamless yield optimization.

At the core of Bracket’s platform is brktETH, a non-rebasing token backed by a treasury of diverse LSTs and liquid restaking tokens (LRTs). This token aggregates assets from providers like Lido, Rocket Pool, and Ether.fi, simplifying staking on Ethereum and creating a unified approach to yield generation.

Mike Wasyl, CEO of Bracket, told BeInCrypto that the launch of their strategy management platform is a defining moment for the company. Phase II takes them closer to their vision of creating a secure, user-friendly platform where DeFi participants can maximize their yields without compromising transparency or safety.

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.

In 2024, Ethereum achieved a major milestone: 24% of its total supply was staked. This reflected the community’s preference for passive income options over immediate liquidity. The Shapella upgrade further boosted flexibility by enabling withdrawals of staked ETH, yet staking activity has continued to rise.

Despite this growth, Ethereum’s staking rewards declined to 3% in Q3 2024. This drop has contributed to reduced validator interest. Queue times for staking shrunk from 45 days in mid-2024 to less than a day.

The Ethereum Foundation is now reevaluating its stance on staking