Since its release Hidden Hand has become DeFi's go-to bribe marketplace, facilitating transactions between protocols and token holders across various chains and ecosystems looking to earn rewards for their voting power. The success and positive feedback received from Hidden Hand V1 has been invaluable, and it has encouraged us to continue innovating and improving. We're excited to share the details of Hidden Hand V2, which is packed with major upgrades that will make the bribe exper...

Since its release Hidden Hand has become DeFi's go-to bribe marketplace, facilitating transactions between protocols and token holders across various chains and ecosystems looking to earn rewards for their voting power. The success and positive feedback received from Hidden Hand V1 has been invaluable, and it has encouraged us to continue innovating and improving. We're excited to share the details of Hidden Hand V2, which is packed with major upgrades that will make the bribe exper...

We’re proud to announce that Pirex ETH (pxETH) is live on Ethereum mainnet. No need to wait, go mint pxETH here. Pirex ETH is a ██████ approach to Ethereum liquid staking, that forms the foundation of the Dinero protocol – an overcollateralized stablecoin backed by premium blockspace. This marks the first phase of the Dinero rollout, setting the stage for the DINERO stablecoin and the Redacted Relayer. We’ll talk more about Dinero later. Today is all about Pirex ETH.What is Pirex ETH?Pirex ET...

We’re proud to announce that Pirex ETH (pxETH) is live on Ethereum mainnet. No need to wait, go mint pxETH here. Pirex ETH is a ██████ approach to Ethereum liquid staking, that forms the foundation of the Dinero protocol – an overcollateralized stablecoin backed by premium blockspace. This marks the first phase of the Dinero rollout, setting the stage for the DINERO stablecoin and the Redacted Relayer. We’ll talk more about Dinero later. Today is all about Pirex ETH.What is Pirex ETH?Pirex ET...

Since launching Pirex ETH, the first phase of our Dinero rollout, we’ve had quite a few questions about the two-token model and the yield opportunities available to users. And now that Dinero’s validators are running and apxETH is generating yield, we’re expecting to receive more. In this blog post, we’ll provide all the details you need to start earning yield that scales.Two-Token DesignPirex ETH’s two-token design can seem strange at first, but once you understand the why, it’s pretty strai...

Since launching Pirex ETH, the first phase of our Dinero rollout, we’ve had quite a few questions about the two-token model and the yield opportunities available to users. And now that Dinero’s validators are running and apxETH is generating yield, we’re expecting to receive more. In this blog post, we’ll provide all the details you need to start earning yield that scales.Two-Token DesignPirex ETH’s two-token design can seem strange at first, but once you understand the why, it’s pretty strai...

2022 has been a chaotic year. 3AC, FTX, and others have collapsed – sending shockwaves through the industry, causing damage that will take a long time to fix. Despite that, we’re here to stay and we’ve spent the past few months reflecting on our position in the market. Redacted started as a meta-governance project, but has evolved into something much more exciting since our launch one year ago. In the depths of one of the most chaotic bear markets to date, we took over 15 new, revenue-generat...

2022 has been a chaotic year. 3AC, FTX, and others have collapsed – sending shockwaves through the industry, causing damage that will take a long time to fix. Despite that, we’re here to stay and we’ve spent the past few months reflecting on our position in the market. Redacted started as a meta-governance project, but has evolved into something much more exciting since our launch one year ago. In the depths of one of the most chaotic bear markets to date, we took over 15 new, revenue-generat...

This blog post aims to provide a high level overview of pxETH. If you’re looking for something more technical, you can find pxETH’s documentation here.What is pxETH?pxETH is an Ethereum liquid staking solution designed to simplify the staking process, making it more accessible and user-friendly. Being a solo validator comes with opportunity costs. Other LSTs aren’t flexible enough. Pirex ETH aims to solve both of these problems. pxETH also forms the foundation of the Dinero protocol – an over...

This blog post aims to provide a high level overview of pxETH. If you’re looking for something more technical, you can find pxETH’s documentation here.What is pxETH?pxETH is an Ethereum liquid staking solution designed to simplify the staking process, making it more accessible and user-friendly. Being a solo validator comes with opportunity costs. Other LSTs aren’t flexible enough. Pirex ETH aims to solve both of these problems. pxETH also forms the foundation of the Dinero protocol – an over...

Pirex is designed to simplify the management of staked tokens. It provides auto-compounding and yield management, gives users access to liquid wrappers, and enables the tokenization of future yield and voting events. That said, we are excited to announce the launch of Pirex V2, an upgrade from Pirex V1 that brings a ton of improvements designed to make the platform even more flexible and user-friendly. With Pirex V2, users can expect an intuitive user experience, support for a wider range of ...

Pirex is designed to simplify the management of staked tokens. It provides auto-compounding and yield management, gives users access to liquid wrappers, and enables the tokenization of future yield and voting events. That said, we are excited to announce the launch of Pirex V2, an upgrade from Pirex V1 that brings a ton of improvements designed to make the platform even more flexible and user-friendly. With Pirex V2, users can expect an intuitive user experience, support for a wider range of ...

When we launched Pirex, our goal was to frequently expand its offerings and continue shipping best-in-class liquid staking wrappers, auto-compounders, and yield futures for users across various projects and chains. Sticking with that goal, we’re excited to introduce Pirex GMX. GMX is the most popular decentralized perpetual exchange on Arbitrum and Avalanche. With >$500m total value locked, GMX has facilitated over $60 billion in trading volume across 90,000 users since inception. And now, Pi...

When we launched Pirex, our goal was to frequently expand its offerings and continue shipping best-in-class liquid staking wrappers, auto-compounders, and yield futures for users across various projects and chains. Sticking with that goal, we’re excited to introduce Pirex GMX. GMX is the most popular decentralized perpetual exchange on Arbitrum and Avalanche. With >$500m total value locked, GMX has facilitated over $60 billion in trading volume across 90,000 users since inception. And now, Pi...

Today, we’re deploying Pirex ETH (pxETH) on the Goerli Ethereum testnet. A crucial step towards launching Dinero. Note: After about a week or so on Goerli, we’ll migrate pxETH to Holesky. For the uninitiated, we’re building Dinero to bring together ETH staking, block creation, an RPC, and other features into a single, synergistic protocol. This protocol includes pxETH, the DINERO stablecoin, and the Redacted Relayer RPC. The Dinero launch is rolling out in phases, beginning with pxETH, our Li...

Today, we’re deploying Pirex ETH (pxETH) on the Goerli Ethereum testnet. A crucial step towards launching Dinero. Note: After about a week or so on Goerli, we’ll migrate pxETH to Holesky. For the uninitiated, we’re building Dinero to bring together ETH staking, block creation, an RPC, and other features into a single, synergistic protocol. This protocol includes pxETH, the DINERO stablecoin, and the Redacted Relayer RPC. The Dinero launch is rolling out in phases, beginning with pxETH, our Li...

Hidden Hand, built by Redacted, is an open marketplace where protocols can incentivize governance token holders. Hidden Hand serves as a bridge between protocols seeking to influence token emissions and token holders looking to leverage their voting power for additional rewards.What are Bribes?In this context, a bribe is a reward offered by protocols to token holders in exchange for their voting power. Bribes are not just financial incentives; they’re a tool for protocols to align their strat...

Hidden Hand, built by Redacted, is an open marketplace where protocols can incentivize governance token holders. Hidden Hand serves as a bridge between protocols seeking to influence token emissions and token holders looking to leverage their voting power for additional rewards.What are Bribes?In this context, a bribe is a reward offered by protocols to token holders in exchange for their voting power. Bribes are not just financial incentives; they’re a tool for protocols to align their strat...

The time has finally come. Redacted v2, which includes a new BTRFLY token and rlBTRFLY, are ready for launch. This change will complete Redacted’s transition from a bond-centric, dilutive token model to a model focused on producing real yield for rlBTRFLY holders. On August 8, 2022, holders of the BTRFLY v1 token will need to migrate to the new BTRFLY v2 token. From there, users will be able to lock their BTRFLY v2 tokens as rlBTRFLY for 16-17 week epochs and earn revenue (paid in ETH) plus B...

The time has finally come. Redacted v2, which includes a new BTRFLY token and rlBTRFLY, are ready for launch. This change will complete Redacted’s transition from a bond-centric, dilutive token model to a model focused on producing real yield for rlBTRFLY holders. On August 8, 2022, holders of the BTRFLY v1 token will need to migrate to the new BTRFLY v2 token. From there, users will be able to lock their BTRFLY v2 tokens as rlBTRFLY for 16-17 week epochs and earn revenue (paid in ETH) plus B...

Pirex GMX is our newest Pirex expansion that offers users an enhanced staking experience for both GMX and GLP. In this blog post we’ll outline how Pirex GMX works, what the benefits are, and how you can start using it today.The BasicsBefore we begin, it's important to note that this post assumes you have some familiarity with the GMX ecosystem. If you're new to GMX, we recommend you start by checking out their documentation. That said, let's move on to Pirex GMX, which currentl...

Pirex GMX is our newest Pirex expansion that offers users an enhanced staking experience for both GMX and GLP. In this blog post we’ll outline how Pirex GMX works, what the benefits are, and how you can start using it today.The BasicsBefore we begin, it's important to note that this post assumes you have some familiarity with the GMX ecosystem. If you're new to GMX, we recommend you start by checking out their documentation. That said, let's move on to Pirex GMX, which currentl...

What is Redacted?The Redacted ecosystem is a product suite of smart contracts empowering on-chain liquidity, governance, and cash flow for DeFi protocols. We’ve built two core products in line with this mission, Pirex and Hidden Hand, which are described later in the report. Stay up to date with Redacted here.Treasury UpdateSince the start of the quarter, the market situation has evolved drastically. However, our treasury remains strong, productive, and continues to allow us to solidify our p...

What is Redacted?The Redacted ecosystem is a product suite of smart contracts empowering on-chain liquidity, governance, and cash flow for DeFi protocols. We’ve built two core products in line with this mission, Pirex and Hidden Hand, which are described later in the report. Stay up to date with Redacted here.Treasury UpdateSince the start of the quarter, the market situation has evolved drastically. However, our treasury remains strong, productive, and continues to allow us to solidify our p...