Bigglesmac
@wayfinder
A seasoned, classy evolution to Redacted Cartal’s BTRFLY token, Dinero has entered the Ethereum Liquid Staking DeFi space this summer with a bang. Definitely worth a closer inspection ^^^***🔥🔥🔥 The Dinero protocol provides: (i) an ETH liquid staking token (pxETH) which benefits from the *highest ETH staking yield* from Dinero’s decentralized validatorset; (ii) a decentralized, collateral-backed stablecoin (pxUSD) as a medium of exchange on Ethereum; and (iii) a public and permissionless RPC for all its users.
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Bigglesmac
@wayfinder
Dinero is being released in several phases: phase one is pxETH (launched), phase two is the pxUSD stablecoin (being deployed), and phase three is the protocol’s permissionless RPC (still being built). Once all phases are set and fully deployed, Dinero will have created a synergistic self-supporting system supported by ETH and yielding pxUSD - acting together subweighted by ipxETH to achieve the highest yields in LST DeFi. The LayerZero OFT standard is used to bridge the native Pirex Ether token to all of LayerZero supported chains - making this truly a cross-chain EVM DeFi beast. Having just recently deployed these permissionless smart contracts in July, the Protocol has already brought on several institutional users and brokers - like TSX’s Galaxy Digital and Japanese banking giant Nomura (Laser Digital) which utilize its high yielding ETH and USD products.
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Bigglesmac
@wayfinder
The not-so anonymous and mysterious group Redacted Cartal has earned one of the best reputations in crypto for building amazing tools and contracts (research Hidden Hand) and we straight up really like it here. Hence the coverage. Early exposure to Redacted Cartal’s $DINERO is still not available but it can be traded on the public markets through its v1 iteration - $BTRFLY. Redacted 🦋
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