1/ The era of #RealYield in DeFi just got exciting with the launch of Redacted v2.
Users can now lock their $BTRFLY v2 tokens as rlBTRFLY for 16-17 week epochs and earn revenue in $ETH.
Aπ§΅on @redactedcartel and it's phenomenon PRODUCTS.
Users can now lock their $BTRFLY v2 tokens as rlBTRFLY for 16-17 week epochs and earn revenue in $ETH.
Aπ§΅on @redactedcartel and it's phenomenon PRODUCTS.
2/ In this thread we'll cover:
- Overview
- Products: Hidden Hand
- Products: Pirex
- Redacted v2
- Tokenomics
- Overview
- Products: Hidden Hand
- Products: Pirex
- Redacted v2
- Tokenomics
3/
Redacted is an Olympus DAO fork built on the Ethereum blockchain.
It aims at leveraging Protocol Controlled Value (PCV) to influence the governance and cash flow of the DeFi market, especially in the Curve ecosystem.
Redacted is an Olympus DAO fork built on the Ethereum blockchain.
It aims at leveraging Protocol Controlled Value (PCV) to influence the governance and cash flow of the DeFi market, especially in the Curve ecosystem.
4/
Bonding is Redacted's underlying Protocol Mechanism, which allows it to influence DeFi protocols.
Bonding is Redacted's underlying Protocol Mechanism, which allows it to influence DeFi protocols.
5/
Through Bonding, Redacted can acquire liquidity and reserve assets like CVX, FXS, and OHM by trading BTRFLY at a discounted rate using the current market valuation in exchange for these assets.
Through Bonding, Redacted can acquire liquidity and reserve assets like CVX, FXS, and OHM by trading BTRFLY at a discounted rate using the current market valuation in exchange for these assets.
6/
Redacted Cartel has two core products, which are their primary income streams, namely:
- Hidden Hand
- Pirex
Redacted Cartel has two core products, which are their primary income streams, namely:
- Hidden Hand
- Pirex
7/ Hidden Hand
Hidden Hand is the refined version of @VoteMak, a bribe marketplace acquired by Redacted Cartel.
Essentially, Hidden Hand is a marketplace for governance incentives, also known as "bribes".
Hidden Hand is the refined version of @VoteMak, a bribe marketplace acquired by Redacted Cartel.
Essentially, Hidden Hand is a marketplace for governance incentives, also known as "bribes".
8/ Here's how it works
DeFi protocols to deposit bribes into the Hidden Hand smart contract, which are sent back to the users as a reward for voting.
Redacted generates revenue by taking a 4% fee from all bribes, which constitutes a revenue stream for rlBTRFLY holders
DeFi protocols to deposit bribes into the Hidden Hand smart contract, which are sent back to the users as a reward for voting.
Redacted generates revenue by taking a 4% fee from all bribes, which constitutes a revenue stream for rlBTRFLY holders
9/ Pirex
Pirex enables the creations of liquid wrappers that permits the auto-compounding and tokenisation of future yield/voting events.
More on it here:
Pirex enables the creations of liquid wrappers that permits the auto-compounding and tokenisation of future yield/voting events.
More on it here:
10/ Redacted v2
Redacted v2 is simply the transition from a bond-centric model to a innovative model aimed at producing #RealYields for rlBTRFLY holders
Redacted v2 is simply the transition from a bond-centric model to a innovative model aimed at producing #RealYields for rlBTRFLY holders
11/
Onwards, users and holders of BTRFLY v1 tokens that migrates to BTRFLY v2 token will be able to lock their BTRFLY v2 tokens as rlBTRFLY for 16-17 week epochs and earn rewards in ETH, including emissions from BTRFLY inflation.
mirror.xyz
Onwards, users and holders of BTRFLY v1 tokens that migrates to BTRFLY v2 token will be able to lock their BTRFLY v2 tokens as rlBTRFLY for 16-17 week epochs and earn rewards in ETH, including emissions from BTRFLY inflation.
mirror.xyz
12/ Tokenomics
Initial Supply: 100,000 BTRFLY
Core Team: 6,25m pBTRFLY - 9%
Investors: 1,25m pBTRFLY - 6%
Olympus DAO: 5m pBTRFLY - 10%
Redacted Community/Treasury: 12.5m pBTRFLY - No supply share.
Initial Supply: 100,000 BTRFLY
Core Team: 6,25m pBTRFLY - 9%
Investors: 1,25m pBTRFLY - 6%
Olympus DAO: 5m pBTRFLY - 10%
Redacted Community/Treasury: 12.5m pBTRFLY - No supply share.
13/
Thank you for reading.
Here's some more resources to DYOR;
docs.redacted.finance
redactedcartel.notion.site
medium.com
Thank you for reading.
Here's some more resources to DYOR;
docs.redacted.finance
redactedcartel.notion.site
medium.com
14/
Follow me @ViktorDefi for more product breakdowns and threadoooorrrrrrs.
@dennis_qian
@DAdvisoor
@milesdeutscher
@thedefiedge
@crypto_condom
@CryptoDragonite
@DeFi_Dad
@Darrenlautf
Follow me @ViktorDefi for more product breakdowns and threadoooorrrrrrs.
@dennis_qian
@DAdvisoor
@milesdeutscher
@thedefiedge
@crypto_condom
@CryptoDragonite
@DeFi_Dad
@Darrenlautf
15/ Kindly like and retweet
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