Redacted Cartel BTRFLY Price N/A

Redacted DAO is a complimentary subDAO for OlympusDAO which aims to extend OlympusDAO’s influence to the greater DeFi ecosystem in an efficient and sustainable manner without making OlympusDAO stray away from its initial values (being reserve currency for DeFi space).

RedactedDAO aims to achieve this by introducing the BTRFLY token. When interacting with Redacted, a person holding a curve ecosystem token will bond their tokens through ‘metamorphosis’ and receive an equivalent amount of discounted BTRFLY. By locking up curve ecosystem tokens to Redacted DAO’s treasury, we are essentially reducing the supply of these tokens from the secondary market. The tokens will be further used to aggregate yield strategies to grow the treasury and increase both BTRFLY and the curve ecosystem token’s intrinsic value. $BTRFLY price will be determined by the concept of a dutch auction where discount increases if there is a lack of buyers and vice versa. Redacted DAO will have a similar rebase tokenomics like OlympusDAO. Users can stake BTRFLY and in exchange, they will receive $xBTRFLY. Every epoch, rebase rewards will be allocated to the stakers. While Redacted DAO is focused on the Curve ecosystem, the DAO is looking to add more strategic risk assets, such as FXS, TOKE, and more.