BRAI

Bracket's smart contracts will allocate a new asset called BRAI. brkETH provides access to strategies on the Bracket Platform. brkETH is backed by a blended treasury of LSBRAI Ts and LRTs, which serves as the collateral for the asset. brkETH is a non-rebasing token, this means that holders of BRAI may not see their holding grow, but may instead see the value grow relative to ETH via the BRAI to ETH conversion rate.

Why BRAI?

BRAI is high-quality DeFi collateral:

• Blended composite of BRAI/stBRAI creates fungibility in the underlying BRAI collateral

• Diversifies exposure to any one treasury asset

• More capital efficient due to the fungibility

• Receive aggregate ETH block rewards + continue to accrue points on your deposited stBRAI+ receive Bracket [BRAI]

• There is a withdrawal process where a user can trade in their BRAI and receive back their choice of an equivalent value of LRT/LST treasury collateral.

• Stack ETH+ yield by participating in strategies on the platform