![[REDACTED] Cartel](https://image.cypherhunter.com/upload/img/p/4f50d299b79d3624130a419a9926555c.jpg-resized)
![[REDACTED] Cartel](https://image.cypherhunter.com/upload/img/p/4f50d299b79d3624130a419a9926555c.jpg-resized)
[REDACTED] Cartel is the yield baseplate of Ethereum, complimentary subDAO for OlympusDAO which aims to leverage POL to capture gauge influence in the DeFi ecosystem.
[REDACTED] DAO is complimentary subDAO for OlympusDAO which aims to extend OlympusDAO’s influence to the greater DeFi ecosystem in an efficient and sustainable manner without making OlympusDAO stray away from its initial values (being reserve currency for DeFi space). [REDACTED] DAO aims to achieve this by introducing the $BTRFLY token. When interacting with [REDACTED], a person holding a curve ecosystem token will bond their tokens through ‘metamorphosis’ and receive an equivalent amount of discounted $BTRFLY. By locking up curve ecosystem tokens to [REDACTED] DAO’s treasury, we are essentially reducing the supply of these tokens from the secondary market. The tokens will be further used to aggregate yield strategies to grow the treasury and increase both $BTRFLY and curve ecosystem token’s intrinsic value. $BTRFLY price will be determined by the concept of a dutch auction where discount increases if there is a lack of buyers and vice versa. [REDACTED] DAO will have similar rebase tokenomics to OlympusDAO.