Hidden Hand

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. Hidden Hand allows third party protocols to enable more efficient governance processes and engage their voters by offering additional rewards for governance activities, allowing users to earn more overall rewards.

Examples:

  • Balancer creating a market for their BAL gauges where protocols can bribe veBAL holders to vote for increased emissions on their gauge.

  • Pendle creating a market for protocols to bribe vePENDLE holders to vote for increased emissions on their yield token pools.

  • Bunni creating a market for their LIT gauges where protocols can bribe veLIT holders to vote for increased emissions on their gauge.

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 tokens. For Redacted, Hidden Hand presents an opportunity for rlBTRFLY to earn tokens from third party issuers as a reward for their engagement.

Protocols deposit a bribe into the Hidden Hand smart contract, which are distributed to users which engage with the protocol, as a reward for their voting power. We will be extending the use-case out in a permissionless manner where any protocol can create a bribe marketplace for their token.

For voters there is no cost to using Hidden Hand, instead the Redacted protocol generates revenue by taking a fee from each bribe. The fee is currently set to 4% where half is sent to the treasury and half is sent to the rlBTRFLY rewards pool.

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