Bracket introduced its new platform that simplifies liquid staking

Bracket, a DeFi platform backed by Binance Labs, has unveiled its new strategy management platform. This innovative platform aims to provide liquid staking token (LST) holders with higher staking yields on Ethereum.

The feature, known as “ETH+,” addresses inefficiencies found in traditional LST liquidity pools. These pools are often fragmented, which hinders seamless yield optimization.

Transforming Liquid Staking on Ethereum

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

The token aggregates assets from providers such as Lido, Rocket Pool, and Ether.fi, simplifying staking on Ethereum and creating a unified approach to yield generation.

Mike Wasyl stated, “The launch of our strategy management platform marks a pivotal moment for Bracket. This second phase brings us closer to our vision of creating a secure, user-friendly platform where DeFi participants can maximize their yields without compromising on transparency or security.”

Unlike traditional staking tokens, brktETH appreciates in value with an increasing conversion rate relative to ETH.

However, the platform excludes users from the U.S. and sanctioned regions due to regulatory restrictions.

In a previous interview with BeInCrypto, Wasyl highlighted the growing interest in passive investment strategies focused on LSTs.

The DeFi sector has witnessed an increase in the adoption of these tokens as investors prefer stable returns over speculative trading. Industry leaders like Lido continue to thrive due to the rising interest in liquid staking solutions.

In 2024, Ethereum reached a significant milestone, with 24% of its total supply staked. This reflects the community’s preference for passive income options over instant liquidity.

The Shapella upgrade further enhanced flexibility by allowing the withdrawal of staked ETH, yet staking activity continued to rise.

Despite this growth, Ethereum’s staking rewards dropped to 3% in the third quarter of 2024. This decline contributed to a decrease in validator interest, with waiting times for staking dropping from 45 days to less than one day by mid-2024.

The Ethereum Foundation is now reassessing its stance on ETH staking. Previous hesitations stemmed from regulatory concerns and the need to maintain neutrality during controversial hard forks.

Vitalik Buterin recently suggested that regulatory risks have diminished. However, challenges related to neutrality persist.

The launch of Bracket’s platform and the ongoing evolution of Ethereum staking highlight the increasing importance of innovative solutions for addressing inefficiencies and enhancing yields for DeFi participants.