This change will complete Redacted’s transition from a bond-centric, dilutive token model to a model focused on producing real yield for rlBTRFLY holders.
On August 8, 2022, holders of the $BTRFLY v1 token will need to migrate to the new $BTRFLY v2 token.
From there, users will be able to lock their $BTRFLY v2 tokens as rlBTRFLY for 16-17 week epochs and earn revenue (paid in $ETH) plus $BTRFLY pulse emissions.