Redacted Cartel · interactive mechanism simulation

Bonders trade CRV/CVX/OHM for discounted BTRFLY → treasury deploys it as Curve/Convex vote-escrow power → protocols pay bribes into Hidden Hand for that voting power → ~96% flows to voters, ~4% fee splits between rlBTRFLY lockers and the treasury reserve. A parallel rebase mint dilutes supply and erodes backing per token — the mechanic that collapsed BTRFLY in 2022.
Bonders sell CRV/CVX/OHM Treasury (POL) 0.0 ETH-eq Curve/Convex gauges vote power: 0.0 Hidden Hand market 0.0 ETH bribes · 4% fee xBTRFLY rebase pool backing: 1.000 · 800% APY BTRFLY supply supply: 1,000 rlBTRFLY lockers 0.0 ETH · 60% lock share
Bonds filled
0
Treasury
0.0 ETH-eq
Bribes routed (Hidden Hand)
0.0 ETH
BTRFLY supply
1,000
Backing per BTRFLY
1.000
Parameters — edit me
1.2/s
800%
4%
60%
Controls

Illustrative simulation. Defaults mirror the researched Redacted Cartel mechanism (Olympus-style bonding, treasury-deployed vote-escrow power, Hidden Hand's ~4% bribe-marketplace fee split with rlBTRFLY lockers, and rebase-driven dilution), but event sizes and timing are randomized for visualization — not live onchain data. Drag the sliders, or hit "Trigger (3,3) collapse" to see how uncapped rebase APY crashed backing per token in 2022. Part of The Onchain Experiment Atlas.