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About BTRFLY

Redacted Cartel is a complementary subDAO for Olympus DAO which aims to leverage Protocol Controlled Value (PCV) to influence governance in DeFi, particularly in the Curve ecosystem. Redacted is an Olympus DAO fork built on the Ethereum blockchain, which accumulates volatile assets such as CRV or CVX in its treasury through a bonding mechanism. Users can bond specific tokens in return for discounted BTRFLY, allowing Redacted Cartel to gain governance power over those protocols. The Redacted ecosystem constitutes a product suite of smart contracts empowering on-chain liquidity, governance, and cash flow for DeFi protocols. They've built two products inline with this mission: Hidden Hand and Pirex.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. Hidden Hand is a flexible marketplace for nearly all DeFi protocols to get more value for their token holders and expedite the process of creating demand for their ve-Tokens.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.

Redacted Cartel (BTRFLY) is a cryptocurrency launched in 2021. BTRFLY has a current supply of 105,051.00 with 0 in circulation. The last known price of BTRFLY is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.redactedcartel.xyz/.

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BTRFLY Price Statistics
BTRFLY’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#5293
BTRFLY Market Cap
Market Cap
$0
Fully Diluted Market Cap
$1.78M
BTRFLY Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
BTRFLY Supply
Circulating Supply
0
Total Supply
105,051.00
Max Supply
0
Updated Jan 15, 2024 6:21 pm
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BTRFLY
Redacted Cartel
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Multiple crypto hedge funds achieve double-digit returns in 2024, VisionTrack Composite Index rises 40%
Multiple crypto hedge funds achieve double-digit returns in 2024, VisionTrack Composite Index rises 40%
According to data provided by Galaxy's VisionTrack, in 2024, multiple crypto hedge funds achieved double-digit returns, and the VisionTrack Composite Index, which tracks the performance of 130 crypto-specific hedge funds, rose 40%. But it is still not as good as Bitcoin: BTC rose 120% last year and broke through $100,000 for the first time. "2024 is a challenging year for many cryptocurrency funds because it is the year of Bitcoin and Memecoin - they are the best assets, and everything else lags behind," said David Kalk, founder and chief investment officer of Reflexive Capital, which runs its own hedge fund that invests in assets such as Bitcoin. For cryptocurrency hedge funds, outperforming Bitcoin is a challenge because “timing is hard,” said David Jeong, CEO of Tread.fi, an algorithmic cryptocurrency trading platform for institutional traders. “In the hedge fund space, drawdowns are very sensitive, so you can’t always be fully long. There are other ways for investors to invest in crypto.” However, hedge funds focused on digital asset industry directional and quantitative strategies had the best average performance last year, according to VisionTrack data. The VisionTrack Quantitative Directional Index rose 53.7%, while the VisionTrack Fundamental Index rose 40.4% over the same period. The VisionTrack Market Neutral Index rose about 18.5%. Galaxy Digital’s Alpha Liquid Fund rose 76.6% in 2024, according to a person familiar with the matter. A Galaxy representative declined to comment on the returns because the information is not yet public. David Tawil's ProChain Master Fund, a multi-strategy cryptocurrency investment vehicle launched in 2018, rose about 70% last year, thanks to large positions in larger tokens such as Bitcoin, and rose 80% in 2023. Fundamental research and macro funds, which have high confidence in crypto assets based on fundamental research on tokens or blockchains, have generally performed well. Reflexive Capital, which operates a long-leaning fundamental crypto hedge fund, saw a 106% increase in net returns in 2024, according to a person familiar with the matter. (Bloomberg)
Jan 15, 2025 1:30 pm

Frequently Asked Questions

  • What is the all-time high price of Redacted Cartel (BTRFLY)?

    The all-time high of BTRFLY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Redacted Cartel (BTRFLY) is 0. The current price of BTRFLY is down 0% from its all-time high.

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  • How much Redacted Cartel (BTRFLY) is there in circulation?

    As of , there is currently 0 BTRFLY in circulation. BTRFLY has a maximum supply of 0.

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  • What is the market cap of Redacted Cartel (BTRFLY)?

    The current market cap of BTRFLY is 0. It is calculated by multiplying the current supply of BTRFLY by its real-time market price of 0.

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  • What is the all-time low price of Redacted Cartel (BTRFLY)?

    The all-time low of BTRFLY was 0 , from which the coin is now up 0%. The all-time low price of Redacted Cartel (BTRFLY) is 0. The current price of BTRFLY is up 0% from its all-time low.

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  • Is Redacted Cartel (BTRFLY) a good investment?

    Redacted Cartel (BTRFLY) has a market capitalization of $0 and is ranked #5293 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Redacted Cartel (BTRFLY) price trends and patterns to find the best time to purchase BTRFLY.

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