[REDACTED] Cartel Joins Commonwealth’s Governance Platform

Commonwealth Team -

The Commonwealth team is excited to announce a new partnership with [REDACTED], whose community will use Commonwealth’s all-in-one governance platform to discuss, vote on, and fund their initiatives. We’re looking forward to seeing how they utilize the platform as their community continues to grow.

[REDACTED]: A DAO Treasury for Governance Tokens

[REDACTED] offers a way for users to bond their governance tokens through metamorphosis and receive an equivalent amount of discounted $BTRFLY in the process. By keeping assets in the [REDACTED] treasury, users decrease the circulating supply available. At the same time, the tokens are used in various yield strategies to further grow the treasury and the intrinsic value of $BTRFLY. This system creates upward pressure on the fundamentals of the protocol, allowing for the natural growth of the treasury.

[REDACTED] is in close partnership with New Order, Olympus, UMA, and Concave. New Order in particular has a vested interest in [REDACTED] through their token ownership, shared team members, and aligned goal of growing the first Voting Alliance in DeFi. To learn more about [REDACTED], visit their website or check them out on Twitter and Discord.

Commonwealth: The All-In-One Solution for Decentralized Communities to Grow

Commonwealth is the crypto native community and governance tool used by many of the top DeFi projects to discuss, vote on, and fund their initiatives. Commonwealth helps break down silos between chat apps like Discord, Telegram, and Riot by providing integrations for webhooks and bridges. This means decentralized governance, community discussions, treasury management, and more happens all on Commonwealth.

By moving [REDACTED] Cartel to Commonwealth, the organization’s decentralized community operations are fundamentally improved. Their governance process is now seamless: everything from discussions to crowdfunding to executing proposals can happen in one place. They have more functionality with a streamlined process.

[REDACTED] Cartel’s unique features on Commonwealth include:

  • Crypto-Native Token Forum: The [REDACTED] platform on Commonwealth comes with full forum capabilities, including threaded discussions, upvotes, user profiles, and more. Community members can also log in with their wallets to use their $BTRFLY while participating in governance.
  • Snapshot Integration: As part of the seamless governance experience that Commonwealth offers, [REDACTED]’s platform includes full integration with their Snapshot. By joining Commonwealth, the community can move from discussion post to proposal with complete transparency along the way. This enables the [REDACTED] community to consider the entire discussion leading up to the Snapshot proposal when deciding on their vote.

Participate in [REDACTED]’s New Commonwealth Forum

The Commonwealth forum is live and actively used by the [REDACTED] community. Users are encouraged to participate in the ongoing discussions on their new platform.

Current discussions and proposals include:

  • Partnering with Entropyfi, which wants to launch a $BTRFLY price prediction market, allowing participants to wager their $BTRFLY rebase reward to predict either price going up or down. This creates “soft hedge” and “soft leverage” opportunities for $BTRFLY holders.
  • Taking an interest-free OHM loan from Olympus to pair with minted $BTRFLY. This would further bootstrap [REDACTED]’s LP pool and allow them to grow their LP position at around twice the current speed.
    The live forum can be found at https://commonwealth.im/redacted-cartel