It is a season of change in the decentralized finance (DeFi) world as Binance Labs, the venture arm of the world’s largest cryptocurrency exchange, announces its 5th season incubatees. Amidst an avalanche of over 900 applications, Bracket Labs has emerged as one of the chosen few to grace the prestigious incubation program.
Bracket Labs, a US-based startup that constructs leveraged structured products for DeFi, is not an ordinary fledgling company. Steered by crypto and fintech veterans from elite firms including Consensys, Bloomberg, Barclays, and D.E. Shaw, Bracket Labs isn’t merely dipping its toes in DeFi’s waters; it’s diving headfirst, armed with innovation and strategic approach to address the complex derivatives/options market.
In the highly volatile DeFi landscape, Bracket Labs stands apart with its products designed to navigate both high volatility and the industry’s largely untapped arena – low volatility markets. Its novel product, Channel, is custom-made to profit from markets that remain largely stable, staying within a fixed price range for a set duration. Equipped with unique features such as custom expiries and fixed potential payoffs, Channel isn’t just a sophisticated tool; it’s also a user-friendly gateway to DeFi for rookies and veterans alike.
Bracket Labs ups the ante with Epoch, a dynamic iteration of Channel designed for periodic buying. With its design that gamifies the trading experience, Epoch allows traders to profit in sideways markets, relying on exponential weighted moving averages for pricing rather than dedicated market makers or funders.
“We wanted to make products that were accessible and worked in all market conditions,” said Michael Wasyl, Co-founder of Bracket Labs. “DeFi can be inhospitable to new or even experienced users who are just delving into derivatives. Bracket Labs’ two new products remove a lot of the friction from setting up strategies and help users make profit in any market condition.”
Bracket Labs’ unyielding commitment to democratizing financial products and making them accessible is evident in their product lineup on BracketX.fi. Their suite of products – Bracket, Channel, and Epoch – boast a similar payoff structure to leveraged option strategies, making it possible for traders to profit regardless of market conditions.
As Bracket Labs accelerates on its path to reshaping DeFi’s future with Binance Labs’ backing, the crypto world watches with bated breath, awaiting the next leap forward in the ever-evolving DeFi landscape.
