BracketX

BracketX is a platform with a group of decentralized finance (DeFi) products that were developed by Bracket Labs. They are available on Arbitrum mainnet for users located in territories where the product is available.

BracketX acts as a marketplace for leveraged structured products, which are presented in a way so they can be purchased with one click. BracketX can be accessed by connecting a digital wallet, such as MetaMask or Wallet Connect, to the Arbitrum chain. There are three main products included in BracketX: Bracket, Channel, and Epoch.

Bracket is a product that shows users fixed potential leverage within a range. It is a product that can be used in high-volatility conditions because buyers profit if or when the monetary value of an asset's spot price is in a claimable range within the term.

Channel can be used in any condition, and it creates a range in which the spot pricing must stay for a period of time. Users get returns when the channel leaves the range or when it expires. The channels gain value based on the time they're operating and not based on the price.

Epoch is similar to Channel but it is a periodic buying version of it. Users can earn a multiple by taking either side of the channel. There is no funder requirement for this product.

BracketX also has non-fungible tokens (NFTs) that are minted by the Bracket protocol. They are minted when contracts are purchased for brackets and channels. There are Bracket NFTs and Channel NFTs, and they represent a claim on the buyer's contract, making them non-transferable before a claim or expiration.