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Pirex wrapper for BTRFLY.
Pirex BTRFLY is a Pirex offering that simplifies the management of rlBTRFLY positions. It offers two options, pxBTRFLY and apxBTRFLY, which automate the locking and reward management process for users who lock their BTRFLY tokens in the Redacted protocol.
Pirex BTRFLY streamlines the management of rlBTRFLY positions by automating the locking and reward management process.
Pirex BTRFLY automatically manages rlBTRFLY locks by relocking earned BTRFLY rewards and handling lock expirations for users who use pxBTRFLY or apxBTRFLY.
Yes, you can choose to manually claim and manage your rlBTRFLY rewards if you use pxBTRFLY. However, apxBTRFLY offers a completely hands-off experience by automating the entire process.
Using pxBTRFLY will automatically relock your deposited balance, but any BTRFLY and WETH rewards you receive must be manually managed.
pxBTRFLY will not relock BTRFLY rewards you receive, you must redeposit these into pxBTRFLY yourself.
apxBTRFLY not only automates the management of rlBTRFLY locks like pxBTRFLY, but also converts earned WETH rewards into more BTRFLY and locks it as rlBTRFLY automatically.
Yes. The fees are as follows:
- Redemption fee:
0.0%if you redeem after your deposit unlocks
5.0%if you try to unlock early (subject to availability)
3.0%exit fee which does not go to Pirex. Instead, this exit tax is shared by all vault users and is used to disincentivize those entering the vault and leaving before contributing to any of the streamed rewards (i.e., before one full Pirex epoch).
Last modified 1mo ago