Redacted Files #26
Welcome everyone to the Redacted Files. We hit some huge milestones across Pirex and Hidden Hand recently and with the pxETH whitepaper and testnet just around the corner.
You can almost feel the excitement. Let’s dive in!
Hidden Hand Updates
Hidden Hand just crossed $23m in bribe volume. With 12 partner markets, and over $23m paid to users, things keep looking up for Hidden Hand. If you have yet to try it, make your way to hiddenhand.finance and take part in the action so you can get those juicy bribes!
Pirex Updates
Pirex CVX
That was quick! Pirex CVX has surged past 3m in CVX deposits. From its inception, Pirex aimed to be the go-to platform for maximizing the potential of your CVX bags. Crossing this milestone only further cements Pirex’s position in the market. Wen 4M CVX…..
pxETH
Not much to report concerning pxETH. The audits have gone well and devs are working to refine the code for the 1st building block to the Dinero Protocol. With the public testnet on the horizon, the team is making sure we have the ability to test and retest the functions and usability of the brand new contracts. Soon™ the Redacted community will be tasked with battle hardening it on Sepolia for launch on mainnet.
Pirex GMX
Delorean Exchange is providing upfront yields! With their latest offering of GLP derivatives, these yield markets offer the ability to get a tokenized representation of your future ETH emissions instantly. To get all the details, and to take part, follow the link to delorean.exchange or catch up on their docs to get the full picture of what's under the hood.
rlBTRFLY
Distro has arrived and claims are live for our twenty-seventh rlBTRFLY rewards distribution. Claim rewards and relock BTRFLY at redacted.finance/claim and join the 170k+ rlBTRFLY already locked.
Partner Updates
Aura
With the announcement of Aura governance proposal AIP-42, passing, the team has successfully updated their tokenomics. The outcome sees a 15% increase in voting incentive capacity bringing the total to approximately $60k per cycle. The proposal also includes a reduction in AURA emissions as well as other improvements that will benefit AURA and the incentivization of votes on the Hidden Hand platform.
Balancer
Balancer suffered a critical vulnerability affecting a number of V2 Pools.
Users are encouraged to remove their funds by following these instructions. The majority of funds on Balancer are safe, with only 1.4% of the total TVL at risk, and only boosted pools affected.
Redacted and its funds were unaffected.
Community
Crypto Pragmatist Podcast
Core team member and founder 0xSami joined The Crypto Pragmatist Podcast to talk about how he got into DeFi. They also covered what it's like building in the bear market and making thesis-driven bets as an entrepreneur. Plus he spills the alpha on his long-term vision for the crypto ecosystem. Head over to Youtube and have a listen.
Governance Updates
Olympus
The votes are in and the decision is final. With a near unanimous decision by both parties involved, and on both votes, the decision for Redacted and Olympus to part ways amicably has passed.
Soon both protocols will follow their respective guidelines and unwind positions and return token allocations. This move will allow Redacted to put this in the rear view mirror and allow the builders to focus on the future. As everyone reading this will know, there are big things coming that demand all the available resources and energy to be successful. Thanks everyone for being respectful through this process and for voting when the time came. Governance is everyone's responsibility.
Community Call
Last week the community call was postponed, so make sure to join in this Friday in the Discord Server. Topics to catch up on and cover are pxETH progress, testnet deployment, and the latest updates on Hidden Hand and Pirex. Attendees will be rewarded with the freshest alpha and a banger joke to start off your run to the weekend. If you can't make it, keep an eye out for the recording posted to Redacteds YouTube page the following week. Note: leaky updates have been known to cause the recordings to not be posted, so don't miss out. See you there!
Important Links - 🐛♻🦋
Contributors: EthHunter, Figgy, Kolten
“Time Flies in Dinero”
Let's go Redacted: gonna feature a few news in todays Rekt Report as well