Thread by @Bracket_Labs_

We are excited to announce the community launch of Bracket Labs and Bracket Protocol.
medium.com/bracket-labs/i…

Bracket Protocol is a new #DeFi #derivatives primitive which makes it easy for buyers to take leveraged positions (10x, 20x, 50x, 100x) on blue-chip assets like BTC, ETH, AVAX, SOL, USDT.

We want to thank our early supporters 0xCapital, @GenesisTrading, @FjLabs @OffchainLabs, @Chainlink and more for their invaluable help over the last year. We are super excited to prepare for launch and tell you a little bit more about the protocol.

Bracket Protocol creates “brackets,” or ranges of payoff with fixed potential payouts packaged into a single product containing features optimized for blockchain.

Having worked in crypto since 2017, we’ve seen users in DeFi and NFTs get smashed by unexpected volatility. While some traders have sophisticated strategies and tools to hedge and protect their positions, most are left to HODL…

While innovation has flourished in derivatives, complexity keeps most users away. Existing derivative protocols tend to closely mirror their TradFi counterparts (custodial accounts, margin accounts, funding rates) instead of re-imagining protocols for DeFi

Bracket Protocol rethinks option spreads, vastly improving ease of use and utility. With Bracket Protocol, all buyers of brackets need to do is decide if the selected asset (e.g. BTC) will move within the price range (long or short) within the term (7, 15, 30 days).

Buyers can invest as little as $3 and possibly earn up to the max claim value (10x, 20x, 50x, 100x). There’s no need to own the underlying asset.

As you can imagine, Bracket Protocol can be used for many different use cases such as downside protection, stablecoin depegging, unstaking protection, and much more.

We will be announcing some partnerships over the coming weeks and launching our first product, BracketX, in early November.
bracketx.fi

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