[Redacted] Cartel announces Pirex v2 and Pirex BTRFLY

Redacted Cartel, a DeFi protocol focused on liquidity and governance infrastructure, announced Pirex v2 and Pirex BTRFLY as the next iteration of its Pirex product suite. Pirex is Redacted’s liquid wrapper and yield-tokenization platform, originally designed to help users maximize returns and liquidity from locked governance tokens such as CVX and later GMX and GLP. According to ecosystem documentation, Pirex v2, launched in early May 2023, delivers an upgraded user interface, broader token and protocol support, and a smoother flow for staking and managing positions. This version is part of Redacted’s effort to make complex DeFi strategies, like auto-compounding and tokenizing future yield streams, more accessible to users who interact with governance-heavy protocols. As part of the same upgrade, Pirex BTRFLY was introduced to streamline management of rlBTRFLY, the locked, revenue‑sharing form of Redacted’s native token BTRFLY; Pirex BTRFLY provides a more convenient wrapper for users to obtain and manage exposure to the BTRFLY ecosystem while maintaining liquidity and rewards. The announcement matters because Pirex is one of Redacted Cartel’s core products—alongside Hidden Hand and Dinero—and is central to its strategy of becoming a key infrastructure provider for governance, liquidity, and yield in DeFi. By upgrading Pirex and extending it to its own native token via Pirex BTRFLY, Redacted is both reinforcing BTRFLY’s role at the center of its ecosystem and positioning Pirex as a more generalizable platform for liquid wrappers and yield markets across multiple protocols.

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

More coverage

• Harmony to Chaos, Stables on Stables(?), Pirex by Redacted Cartel (coingecko.com)
• Redacted | Substack (redactedcartel.substack.com)
• REDACTED - Projects & Protocols | IQ.wiki (iq.wiki)
• code-423n4/2022-11-redactedcartel - GitHub (github.com)
• What Is Redacted Cartel's Decentralized Stablecoin — Dinero (coinmarketcap.com)