Redacted (Hidden Hand)
Other · Governance · BTRFLY
Hidden Hand (Redacted Cartel) operates bribe marketplaces where protocols pay to steer vote-escrow emissions on Curve, Balancer, Frax and related venues. BTRFLY governs the Redacted ecosystem treasury and incentive routing.
Governance incentives marketplace for vote-escrow protocols.
Protocol TVL
$613.3K
Latest data · 15 min delay
Competitors
Ranked top→bottom — who competes with Redacted (Hidden Hand) and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Votium | The leading bribe marketplace focused on Convex (vlCVX) and Curve (veCRV) vote incentives. | Non-custodial incentive marketplace where protocols pay to direct ve-token votes and voters/delegators earn the incentives; charges a percentage fee. | Votium is concentrated on the Convex/Curve stack (fees around 4% on vlCVX and 2% on veCRV bribes), whereas Hidden Hand generalized across many ve-ecosystems (Balancer, Aura, Frax) with a flat 4% fee. |
| 2 | Paladin | Governance-power marketplace offering vote-power lending (PalPools) and the Quest fixed-rate voting-incentive product (Warden). | Also a vote-incentive marketplace covering ve-ecosystems like Balancer and Convex, competing for the same incentive spend and delegated voting power. | Paladin's Quest lets bribers set a predictable $/vote rate (a hedge against round volatility) and it also enables borrowing/lending of governance power; it even optimizes delegations across Quest, Votium and Hidden Hand. |
| 3 | Stake DAO | Liquid-locker and vote-incentive platform operating within the Curve/Balancer/Frax vote-escrow economy. | Participates in the same ve-token meta-governance and vote-incentive economy, capturing and redistributing bribe/incentive rewards to depositors. | Stake DAO centers on liquid lockers (sdTokens) and vault products with integrated incentive capture, rather than being a standalone open bribe marketplace like Hidden Hand. |
| 4 | Convex Finance | Boosted Curve yield without locking CRV yourself. | Both in Other (Governance). | Controls a dominant share of veCRV, making it the primary venue for boosted Curve yield and the heart of the Curve bribe economy. |
| 5 | Aura | Boosted Balancer yield and veBAL aggregation. | Both in Other (Governance). | The dominant veBAL aggregator, steering Balancer emissions and underpinning the Balancer bribe market. |