Reinventing DeFi Leveraged Products
Layer3 is excited to announce our new partnership with Bracket Labs.
The Bracket Protocol, created by Bracket Labs, is a new on-chain decentralized leverage protocol aimed at making derivatives easy to use in Web3. Its first application, BracketX, creates LONG and SHORT strategies with payoffs similar to Bear Put and Bull Call options spread strategies, but with fixed durations (e.g. 4 hours, 8 hours, 24 hours), fixed premiums and fixed potential wins of 10x.
Our first Quest with BracketX helps you learn more about the protocol and purchase your first Bracket!
Ready to go? Try the quest here:
Why Bracket?
Founded in 2022, Bracket Labs began creating the Bracket Protocol to address some of the challenges inherent in using on-chain derivatives versus centralized, off-chain alternatives. You no longer need to be a pro to craft your own strategies with 10x winning potential.
Bracket helps alleviate challenges including the need to manage slow or intermittent connectivity to L1 blockchains with on-chain pricing, managing capital efficiency, the ability to fully collateralize, the potential for third-party price manipulation and difficulty of use. By modifying and fixing several of these elements, Bracket Protocol has created an optimized solution that can be easy to use for those new to #DeFi or its derivatives.
The Bracket Labs team is made up of fintech and crypto veterans who have held leadership roles at DE Shaw, Merrill Lynch, Bloomberg, Barclays, Consensys, DeerCreek and others.
We are excited to continue working with Bracket to bring you the most innovative products launched in #DeFi!
Learn more
Learn more about Layer3 Queststake a look at our blog post
To learn more about Bracket Labs, follow them on Twitter and join them Discord
For more Layer 3 Quest, follow Layer3 on Twitter and join our Discord