Pirex ETH has been deployed by Redacted Cartel as pxETH on the Goerli testnet, paving the way for the launch of the DINERO stablecoin

Redacted Cartel announced that Pirex ETH, or pxETH, had been deployed on the Goerli Ethereum testnet, describing the release as a step toward the launch of the Dinero protocol’s stablecoin-related products. The announcement framed Goerli as a test environment for the project’s Ethereum liquid-staking stack, with pxETH serving as the wrapped ETH asset at the center of Dinero’s design. Pirex ETH is presented in the project’s own documentation as an Ethereum liquid staking solution that pools ETH to earn staking and MEV-related rewards, with pxETH being the wrapped token users can hold, stake, and redeem for ETH. The launch mattered because it showed the protocol moving from development into live testing on Ethereum infrastructure, even though Goerli was already in decline as a testnet and Ethereum Foundation guidance later said teams should migrate away from it.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• ERC-20 Token with Ankr & Hardhat on Ethereum Goerli (ankr.com)
• 1/ Pirex ETH live on testnet! We're excited to announce ... (x.com)
• Goerli Long Term Support Update - Ethereum Foundation Blog (blog.ethereum.org)
• GitHub - dinero-protocol/pirex-eth-contracts (github.com)
• Redacted | Substack (redactedcartel.substack.com)

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• Ethereum
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