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BTRFLY
Redacted
$46.36
8.62%
Open
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About Redacted
Redacted (BTRFLY) is a cryptocurrency tied to the Redacted Cartel DAO, focusing on liquidity infrastructure and governance in the DeFi space. The BTRFLY token is used for governance, staking, liquidity provision, and yield farming.
Redacted (BTRFLY) is a cryptocurrency associated with the Redacted Cartel, a decentralised autonomous organisation (DAO) operating within the DeFi (decentralised finance) ecosystem. The Redacted protocol focuses on building liquidity infrastructure and governance solutions for other DAOs and DeFi projects. BTRFLY is the native token of the Redacted Cartel, utilised primarily for governance and staking within the ecosystem.
Redacted (BTRFLY) serves several purposes within the Redacted Cartel ecosystem:
- Governance: BTRFLY token holders can participate in the decision-making process of the DAO. They can vote on proposals that impact the protocol's future development, strategies, and operations.
- Staking: Users can stake BTRFLY tokens to earn rewards and additional benefits. Staking helps secure the protocol and provides incentives for long-term participation.