Today we’re excited to announce institutional pxETH (ipxETH), a new era in the Dinero lifecycle.

As part of the Redacted to Dinero rebrand, we’re doing a token migration to modernize the tokenomics and maintain consistent branding. Starting today, 7/22/24, this migration is live. You can begin the migration here.

Redacted launched two and a half years ago. Since then, we've evolved alongside the industry, building sustainable products that solve real problems in DeFi. However, our evolution has made it difficult for users and partners to understand what we do. Where we are today is quite different from where we started.

Good news: Pirex ETH is now multi-chain. Users can bridge their pxETH and apxETH via the Dinero dapp to Arbitrum, Optimism, and BNB Chain, by way of LayerZero.

Pirex ETH is an Ethereum liquid staking solution that’s tailor-made for DeFi’s most active users. Its design gives users the flexibility needed to get the most out of their ETH in an ever evolving DeFi landscape. Pirex ETH has higher yield, a better user experience, and more opportunities.

Reflecting on the year gone by is becoming a tradition. We did it last year, so we might as well keep it going. There’s a lot to be celebrated and a lot to look forward to, so let’s get started.

We’re excited to announce that Redacted is integrating Chainlink CCIP—the industry standard for secure cross-chain interoperability—across the Arbitrum, Ethereum, and Optimism mainnets. We’re exclusively leveraging CCIP’s Simplified Token Transfer capabilities to facilitate cross-chain transfers of Pirex ETH (pxETH), enabling the liquid staking token for ETH to be accessible across various chains.

Since launching Pirex ETH, the first phase of our Dinero rollout, we’ve had quite a few questions about the two-token model and the yield opportunities available to users. And now that Dinero’s validators are running and apxETH is generating yield, we’re expecting to receive more.

We’re proud to announce that Pirex ETH (pxETH) is live on Ethereum mainnet. No need to wait, go mint pxETH here.