Redacted Cartel (BTRFLY)

Redacted Cartel (BTRFLY) is a cutting-edge cryptocurrency that aims to empower DeFi protocols by providing on-chain liquidity, governance, and cash flow opportunities. As the hub for the Redacted Protocol, BTRFLY allows users to actively participate in governance decisions and earn revenue from the Redacted treasury and its various products. By locking BTRFLY tokens for rlBTRFLY, users can generate revenue distributed in ETH and access governance rights to shape the future of Redacted.

Pirex, a product developed by Redacted, is a game-changer in creating liquid wrappers that enable auto-compounding and tokenizing future yield and voting events. With Pirex, users can enjoy a flexible liquid wrapper that can be applied to any yield-generating asset while benefiting from deep liquidity, auto compounding features, and strong peg enforcement for all Pirex markets. Additionally, Pirex offers a native futures exchange that allows users to engage in long, short, and leveraged future yield opportunities.

Hidden Hand, another innovative product by Redacted, introduces a marketplace for governance incentives, often called “bribes.” Hidden Hand enables protocols to enhance their governance processes and engage their voters by allowing users to receive incentives for participating in snapshot votes and gauge weights, among other aspects. With over ten integrated protocols, Hidden Hand attracts new users and DAOs to governance participation, providing a valuable use case for tokens in the ecosystem.