Pirex

Pirex is a product by Redacted which creates liquid wrappers that allow for auto-compounding and the tokenization of future yield/vote events.

## Overview Pirex is a yield optimization protocol developed by Redacted Cartel that operates on Ethereum and Arbitrum. The tool creates liquid wrappers around yield-bearing and governance assets, enabling users to earn auto-compounding returns while simultaneously tokenizing future yield events and voting rights. Rather than forcing users to choose between holding an asset for yield or liquidity, Pirex lets you do both—wrapping positions into tradeable tokens that accrue value automatically. The protocol exists to solve a fundamental friction in DeFi: locked or illiquid yield. When you stake