2022 has been a chaotic year. 3AC, FTX, and others have collapsed – sending shockwaves through the industry, causing damage that will take a long time to fix. 

Despite that, we’re here to stay and we’ve spent the past few months reflecting on our position in the market. Redacted started as a meta-governance project, but has evolved into something much more exciting since our launch one year ago. In the depths of one of the most chaotic bear markets to date, we took over 15 new, revenue-generating smart contracts to market through our two products NAME_1 and Pirex. 

In the past several months we launched new tokenomics with Redacted V2, where users (so far) have locked over 80% of the BTRFLY supply as rlBTRFLY. We’ve distributed c. $1 million in revenue/rewards to rlBTRFLY holders in just four months. NAME_1 has facilitated c. $9 million in cumulative bribe volume. Pirex is home to over 1.6% of the CVX supply. And our treasury remains strong, with over $18 million in productive assets that we use to exercise influence and generate revenue across DeFi. 

Redacted is a critical infrastructure provider for empowering on-chain liquidity, governance, and cash flow for DeFi protocols.

In this blog post we’ll outline a strategic north star for the DAO and our ecosystem as we enter 2023. 

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