Redacted Cartel announces Dinero, an experimental protocol that involves a permisionless RPC, an over collateralized stablecoin, and an ETH liquid staking token

Redacted Cartel, a DeFi collective originally known for its governance and liquidity tooling (Hidden Hand and Pirex), announced Dinero as an experimental new protocol combining a permissionless RPC layer, an overcollateralized stablecoin, and an ETH liquid staking product. Dinero is designed around staking ETH with a Redacted-run validator set and issuing loans against that staked ETH in the form of a decentralized stablecoin, positioning the project directly in the liquid staking and decentralized stablecoin sectors alongside incumbents like Lido and Rocket Pool. According to early design discussions and community litepaper material, the protocol’s architecture also includes a “Redacted Relayer” RPC service that lets users pay gas in the Dinero stablecoin instead of ETH, aiming to improve user experience and make the stablecoin a core utility asset within the ecosystem. The launch of Dinero represented a strategic shift for Redacted Cartel from building primarily on top of other DeFi primitives (such as Curve) to operating its own validator infrastructure and native collateral base. This move expanded Redacted’s role from a meta-governance and incentives layer into a vertically integrated stack covering ETH staking (via its LST), a CDP-style overcollateralized stablecoin, and a permissionless transaction relay network. In subsequent evolution, the broader Dinero protocol has grown into a suite of Ethereum-centric yield products under the Dinero brand (pxETH, pxUSD, Hidden Hand, Pirex), but the original Dinero concept announced by Redacted Cartel marked the point where the project entered the intersection of liquid staking, stablecoins, and infrastructure (RPC/relaying) as a unified design.

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

More coverage

• What Is Redacted Cartel's Decentralized Stablecoin — Dinero (coinmarketcap.com)
• Dinero protocol (dinero.xyz)
• Institutional Yield That Scales: Welcome to Dinero - Florin Digital (florindigital.substack.com)
• Dinero: Project Guide | Latest Updates, Presale & Airdrop (web3.bitget.com)
• Dinero (@dinero_xyz) / Posts / X - Twitter (x.com)

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• Staking
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