"Bracket Launches ETH+ for Higher Staking Yields on Ethereum"

Bracket, a DeFi platform backed by Binance Labs, has introduced its strategy management platform, offering liquid staking token (LST) holders access to higher staking yields on Ethereum. Known as ‘ETH+,’ this feature addresses 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 COINOTAG, “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.”

brktETH gains value through a rising conversion rate relative to ETH, unlike conventional staking tokens that increase in volume. The platform excludes users from the US and sanctioned regions due to regulatory restrictions.

Previously, Wasyl noted growing interest in passive investment strategies centered on LSTs, as investors favor stable returns over speculative trading. Industry leaders like Lido continue to drive this trend, benefiting from broader interest in liquid staking solutions.

As of early 2024, Ethereum achieved a major milestone with approximately 24% of its total supply now staked, reflecting the community’s preference for passive income opportunities 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, contributing 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 ETH. Previous hesitations stemmed from regulatory concerns and the need to maintain neutrality in contentious hard forks. Vitalik Buterin recently suggested that regulatory risks have diminished, although challenges around neutrality persist.

Bracket’s