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iETH is live on Ink
We’re excited to announce that iETH is now live on Ink—an Optimism Superchain. iETH is a native ETH LST built for the Ink ecosystem, enabling users to earn Ethereum staking rewards without leaving Ink. Starting today, users can:Mint iETH with ETH on Ink.Mint iETH from Ethereum mainnet.Coming soon:Participate in incentivized iETH liquidity pools.Use iETH across DeFi protocols on Ink.…and more ✍️iETH is designed to be the go-to ETH asset for the Ink ecosystem, offering best-in-class staking yie...

BTRFLY to DINERO Token Migration is Live
As part of the Redacted to Dinero rebrand, we’re doing a token migration to modernize the tokenomics and maintain consistent branding. Starting today, 7/22/24, this migration is live. You can begin the migration here. All DINERO contract addresses can be found here. ***Please double check URLs and stay safe from fake migration links.TLDRDINERO supply is 1,300,000,000 tokens.The exchange rate is 1 BTRFLY to 2,000 DINERO.rlBTRFLY is replaced with a simpler DINERO staking mechanism.Staking rewar...

Introducing superETH—an ETH LST for Optimism Superchain
Today we’re excited to launch superETH, an ETH LST built for the Optimism Superchain, launched in collaboration with Ink. superETH delivers DeFi’s highest ETH staking yield (~4% APR) to the Superchain’s expanding ecosystem, starting with Ink, Optimism, Base, and Mode. Note: As part of this launch, we’ve disabled minting of iETH and encourage iETH users to migrate to superETH. Details below.Why superETH?superETH is the evolution of iETH, Ink’s previous LST, upgraded to serve as a unified staki...



iETH is live on Ink
We’re excited to announce that iETH is now live on Ink—an Optimism Superchain. iETH is a native ETH LST built for the Ink ecosystem, enabling users to earn Ethereum staking rewards without leaving Ink. Starting today, users can:Mint iETH with ETH on Ink.Mint iETH from Ethereum mainnet.Coming soon:Participate in incentivized iETH liquidity pools.Use iETH across DeFi protocols on Ink.…and more ✍️iETH is designed to be the go-to ETH asset for the Ink ecosystem, offering best-in-class staking yie...

BTRFLY to DINERO Token Migration is Live
As part of the Redacted to Dinero rebrand, we’re doing a token migration to modernize the tokenomics and maintain consistent branding. Starting today, 7/22/24, this migration is live. You can begin the migration here. All DINERO contract addresses can be found here. ***Please double check URLs and stay safe from fake migration links.TLDRDINERO supply is 1,300,000,000 tokens.The exchange rate is 1 BTRFLY to 2,000 DINERO.rlBTRFLY is replaced with a simpler DINERO staking mechanism.Staking rewar...

Introducing superETH—an ETH LST for Optimism Superchain
Today we’re excited to launch superETH, an ETH LST built for the Optimism Superchain, launched in collaboration with Ink. superETH delivers DeFi’s highest ETH staking yield (~4% APR) to the Superchain’s expanding ecosystem, starting with Ink, Optimism, Base, and Mode. Note: As part of this launch, we’ve disabled minting of iETH and encourage iETH users to migrate to superETH. Details below.Why superETH?superETH is the evolution of iETH, Ink’s previous LST, upgraded to serve as a unified staki...
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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.
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 overcollateralized stablecoin backed by premium blockspace – but we’ll save that for a future blog post.

pxETH embraces a two-token system built around ETH staking, consisting of pxETH and apxETH, tailored for different user preferences. This design gives users a choice: pxETH for liquidity or apxETH for boosted ETH staking yield.
pxETH is for those willing to forgo staking yield for liquidity.
When users choose to hold pxETH, they’re opting to hold an ETH-pegged asset that can take advantage of opportunities throughout DeFi. These include providing liquidity, participating in lending protocols, and more. The Redacted DAO will be using its treasury and BTRFLY incentives to expand such opportunities for pxETH holders.
apxETH is for users focused on maximizing their staking yields.
After minting pxETH, users can deposit to Dinero's auto-compounding rewards vault to enjoy boosted staking yields without the hassle of running their own validators. Since some users will choose to hold pxETH, each apxETH benefits from staking rewards from more than one staked ETH, amplifying the yield for apxETH users.
As we mentioned, pxETH is purpose built to enable users to find their own yield earning opportunities. The landscape of pxETH integrations is likely to be ever evolving, but we’ll do our best to track them here – on the integrations page.*
* Please use other protocols at your own risk. We are not responsible for other teams and their work.
While we think you’ll be a happy user of pxETH, there may come a time when you need to exit the system. Fortunately, we’ve tried to make this process as seamless as possible.
There are two types of “withdrawals.” The first option is to sell one’s pxETH for ETH – they’re pegged after all. Selling pxETH is an instant way to exit pxETH.
The other is to initiate a withdrawal from the protocol. Requesting a withdrawal can take up to a few days.
This ETH either comes from the pxETH buffer (if there is ETH available) or from the spinning down of validators and the unstaking of ETH. In cases where the withdrawal requires spinning down validators, a user will receive upxETH, issued as an ERC-1155 token, in exchange for their pxETH, which can be redeemed for ETH once the relevant validator(s) has been spun down. More on that here.
As with most quality products, Pirex ETH does charge fees, which are distributed to the Redacted DAO treasury and rlBTRFLY holders. The fees for using Pirex ETH are as follows:
Deposit Fee = 0%
Yield Tax = 10%
Redeem (normal withdrawal) = 0%
Instant Redeem (through ETH Buffer) = 0.5%
apxETH Vault Exit = 0%
To get your hands on pxETH, head over to the mint page here. If you’d like to explore further, you can read Pirex ETH’s documentation here.
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.
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 overcollateralized stablecoin backed by premium blockspace – but we’ll save that for a future blog post.

pxETH embraces a two-token system built around ETH staking, consisting of pxETH and apxETH, tailored for different user preferences. This design gives users a choice: pxETH for liquidity or apxETH for boosted ETH staking yield.
pxETH is for those willing to forgo staking yield for liquidity.
When users choose to hold pxETH, they’re opting to hold an ETH-pegged asset that can take advantage of opportunities throughout DeFi. These include providing liquidity, participating in lending protocols, and more. The Redacted DAO will be using its treasury and BTRFLY incentives to expand such opportunities for pxETH holders.
apxETH is for users focused on maximizing their staking yields.
After minting pxETH, users can deposit to Dinero's auto-compounding rewards vault to enjoy boosted staking yields without the hassle of running their own validators. Since some users will choose to hold pxETH, each apxETH benefits from staking rewards from more than one staked ETH, amplifying the yield for apxETH users.
As we mentioned, pxETH is purpose built to enable users to find their own yield earning opportunities. The landscape of pxETH integrations is likely to be ever evolving, but we’ll do our best to track them here – on the integrations page.*
* Please use other protocols at your own risk. We are not responsible for other teams and their work.
While we think you’ll be a happy user of pxETH, there may come a time when you need to exit the system. Fortunately, we’ve tried to make this process as seamless as possible.
There are two types of “withdrawals.” The first option is to sell one’s pxETH for ETH – they’re pegged after all. Selling pxETH is an instant way to exit pxETH.
The other is to initiate a withdrawal from the protocol. Requesting a withdrawal can take up to a few days.
This ETH either comes from the pxETH buffer (if there is ETH available) or from the spinning down of validators and the unstaking of ETH. In cases where the withdrawal requires spinning down validators, a user will receive upxETH, issued as an ERC-1155 token, in exchange for their pxETH, which can be redeemed for ETH once the relevant validator(s) has been spun down. More on that here.
As with most quality products, Pirex ETH does charge fees, which are distributed to the Redacted DAO treasury and rlBTRFLY holders. The fees for using Pirex ETH are as follows:
Deposit Fee = 0%
Yield Tax = 10%
Redeem (normal withdrawal) = 0%
Instant Redeem (through ETH Buffer) = 0.5%
apxETH Vault Exit = 0%
To get your hands on pxETH, head over to the mint page here. If you’d like to explore further, you can read Pirex ETH’s documentation here.
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