Redacted BTRFLY Price

What is Redacted (BTRFLY)?

Redacted: Empowering DeFi Governance and Liquidity

Redacted was founded by pseudonymous individuals Sami and Kinando in 2021. The project's mission is to empower decentralized finance (DeFi) protocols by providing on-chain liquidity, governance solutions, and cash flow mechanisms.

The Redacted Protocol

At the heart of the Redacted ecosystem is the Redacted protocol, which centers around its native token, BTRFLY. Launched in December 2021, the protocol allows users to stake BTRFLY, earn incentives, and participate in governance proposals. This democratic approach enables the community to have a significant say in the platform's development and direction.

The Redacted Cartel and DAO

The Redacted Cartel, a decentralized autonomous organization (DAO), is responsible for building and expanding the Redacted ecosystem. Comprising developers, writers, researchers, and other contributors, the Cartel is focused on extending the reach of Redacted in the DeFi space.

Key Products: Pirex and Hidden Hand

Pirex, a product by the Redacted Cartel, creates liquid wrappers that enable auto-compounding and tokenization of future yield/vote events. This enhances the utility of governance tokens and provides unique yield opportunities for users. Hidden Hand, on the other hand, is a marketplace for governance incentives, often referred to as "bribes." Protocols can use Hidden Hand to streamline governance processes and engage voters, while users can earn additional yield on their favorite vote-escrowed governance tokens.

BTRFLY: The Meta Governance Token

One of the unique aspects of BTRFLY is its meta governance token nature. Backed by bonded, farmed, and acquired governance assets such as CVX, CRV, and FXS, BTRFLY offers generalized governance exposure while keeping assets liquid.

Evolution and Expansion

Since its launch, Redacted has evolved from focusing solely on the Curve ecosystem to expanding its reach to other ecosystems, making seed investments, and developing Hidden Hand, a permissionless bribe marketplace. This expansion underscores Redacted's commitment to innovation and growth in the DeFi space.

In conclusion, Redacted, led by its founders Sami and Kinando, is a promising project in the DeFi space, offering innovative solutions to enhance governance and liquidity. With its suite of products and strong community support, Redacted is poised to make a significant impact on the DeFi landscape.

What is unique about Redacted (BTRFLY)?

Redacted stands out for its innovative approach to DeFi governance and liquidity, offering a meta governance token backed by a diverse range of governance assets.

Who are the founders of Redacted (BTRFLY)?

Redacted was founded by pseudonymous individuals Sami and Kinando in 2021, showcasing a commitment to privacy and decentralization.

Where can I buy Redacted (BTRFLY)?

You can buy Redacted (BTRFLY) on Uniswap V3 (Ethereum) cryptocurrency exchanges.