![]() The fee is currently set to 4% where half is sent to the treasury to increase the backing per $BTRFLY and half is sent to lockers of $BTRFLY as a bonus APY for locking their tokens in the protocol.Īn extension like this puts us in a position where $BTRFLY can receive revenue from bonds while also getting a cut of all DeFi bribes across all chains. Through this acquisition we will be extending the use-case out in a permissionless manner where any protocol can create a bribe marketplace for their token.įor voters there is no cost to using Hidden Hand, instead the Redacted protocol generates revenue by taking a fee from each bribe. Protocols deposit a bribe into the Hidden Hand smart contract, which are sent back to users as a reward for their voting power. Hidden Hand will be enabled by our recent acquisition of Votemak, where users can select which Tokemak reactor they want to help enable. For Redacted, this enables our token holders to access a completely novel and diversified revenue stream of governance tokens that rewards them for locking their BTRFLY over a 16-week period. Hidden Hand is a flexible marketplace for nearly all DeFi protocols to get more value for their token holders and expedite the process of creating demand for their ve-Tokens. Sushi creating a market for early-stage projects to bribe SUSHI holders to vote for SUSHI rewards on their LP.ĭopex creating a market for protocols to bribe DPX holders to vote for new SSOVs and DPX rewards. Lido creating a market for Layer-1s to bribe LDO holders to vote for new validator support and LDO rewards. Tokemak creating a market for protocols to bribe TOKE holders to vote for new core reactors and TOKE rewards. With our new Hidden Hand marketplace, we will create a bribe platform on top of the DAO that lets protocols create markets for their ve-tokens where Redacted captures a fee that is distributed back to lockers of the BTRFLY token. Optional highly degen method: After staking into. Bonding other tokens into the treasury to acquire BTRFLY, at a discount. ![]() Cash Flow Is KingĬurrently, BTRFLY holders are able to access a diversified index of governance tokens but are not able to either leverage their underlying voting power efficiently in the treasury nor receive worthwhile bribes and revenue on their tokens. As Redacted Cartel is an Ohm fork, it follows Ohm’s playbook and users have these strategies: Stake BTRFLY, the native token of Redacted Cartel, into xBTRFLY to earn emission yields and prevent dilution of your stack. Hidden Hand enables protocols with vote-escrow tokens to access a marketplace that lets others bribe their token holders to vote for their best interests. An extension of the cartel that will empower the protocol to be at the forefront of DeFi bribes - the Hidden Hand bribe marketplace. It’s time to reveal the new use product we have been working on.
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