Redacted ecosystem is a product suite of smart contracts empowering on-chain liquidity, governance, and cash flow for DeFi protocols. The Redacted protocol is the dApp centered around BTRFLY, which allows users to stake, earn incentives, and interact with governance proposals.

The Redacted Cartel is the DAO building out the Redacted ecosystem. The DAO consists of developers, writers, researchers, and more who are all focused on building out Redacted and extending its reach in DeFi. 

Beneath the core products of Pirex and Hidden Hand, the protocol accrues its protocol-owned liquidity and protocol controlled value leveraging a bonding mechanism to build its reserve of governance tokens to increase its influence over the DeFi market.

Hidden Hand by Redacted is a marketplace for governance incentives, commonly referred to as "bribes". Protocols can leverage Hidden Hand to enable more efficient governance processes and to engage their voters. While users can earn extra yield on their favorite vote-escrowed governance tokens through bribes.

Pirex is a product by Redacted Cartel which creates liquid wrappers that allow for auto-compounding and the tokenisation of future yield/vote events. In addition, Pirex will also include an ecosystem of applications on top of Pirex liquid wrappers which further enhance the utility of governance tokens for users, enable novel utility and provide yield opportunities which are exclusive to those using Pirex wrappers.

BTRFLY is a meta governance token backed by bonded, farmed, and acquired governance assets (e.g. CVX, CRV, FXS). BTRFLY gives generalized governance exposure to holders while keeping their assets liquid.