By the Numbers
pxETH STAKING RATE
pxETH LIQUIDITY APR
pxETH is built on top of redacted's pirex offering and forms an integral part of the dinero protocol, a protocol which aims to integrate ether staking, ethereum validation, and block production
In phase one, Pirex ETH (pxETH) will provide users with a liquid and fungible tokenized staked ETH which benefits from Ethereum staking rewards and other revenue forms such as MEV tips. pxETH is a high-yield alternative to the other liquid staking tokens that will attract deposits and put the protocol at the forefront of the liquid staking ecosystem.
Phase two is the debut of the DINERO stablecoin. Pirex ETH users can then borrow DINERO against their pxETH, providing them with access to dollar-pegged liquidity to use throughout DeFi.
By phase three, the Dinero protocol will be feature complete. Once the Redacted Relayer is live, Dinero users can interact with Ethereum without being negatively impacted by MEV. Additionally, users will be able to pay Ethereum's gas fees using DINERO, allowing them to save their precious ETH.
The dinero protocol integrates eth staking, block production and organization, rpc, leverage, and yield stripping into one synergistic ecosystem offering comprising pxeth, the redacted relayer, and dinero