![]() ![]() ![]() Pirex charges a number of fees on pxCVX including a bribe, pounder and unlock fees, with 42.5% distributed to the Redacted treasury and 15% to the DAO reserve. The first Pirex product, pxCVX, is a liquid wrapped version of vlCVX (vote-locked CVX) with the goal of increasing liquidity, yield and utility for CVX holders. The second income stream, Pirex, is a liquid wrapper created by Redacted that allows for auto-compounding and tokenization of future yield events. Hidden Hand takes a 4% fee on all incoming bribes with 35% distributed to the Redacted treasury and 15% to the DAO reserve. Protocols looking to influence pool reward emissions will leverage the Hidden Hand marketplace to bribe users holding the relevant governance tokens to vote in their favor. Hidden Hand is a marketplace for governance incentives, or "bribes". Redacted currently generates revenue from its two main products: Hidden Hand and Pirex. In the V2 tokenomics, the protocol eliminated the bonding model and introduced revenue-locked BTRFLY (rlBTRFLY) which locks BTRFLY for periods of 16 weeks at a time to receive revenue earned from Redacted's treasury and products. However, concerns about the impact of dilution on token holders ultimately led Redacted to shift to a new, revenue-sharing model. Since then, Redacted expanded its reach to the Frax, Balancer and Tokemak ecosystems, among others, as well as acquired the Votemak bribe marketplace. CRV and CVX) to the treasury in exchange for discounted BTRFLY tokens, which were then staked to receive rebase rewards. The "rebase" tokenomics allowed users of the protocol to bond desired assets (i.e. This was accomplished by leveraging Olympus' bonding mechanism to bootstrap its treasury with relevant governance tokens. Redacted launched with the goal of being a liquidity aggregator built on top of the Curve and Convex ecosystems. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |