In the ever-evolving DeFi landscape, partnerships that foster innovation and user-centricity are vital for success. Magpie and Radiant Capital have embarked on such a partnership, guided by a shared vision of optimizing the potential of DeFi and providing substantial benefits to users around the world. This collaboration has given birth to Radpie, a novel yield optimization solution designed to enhance the core functionalities of Radiant Capital through our SubDAO Model.
What is Radiant?
Radiant Capital is an omnichain money market platform that harmonizes the process of cross-chain borrowing and lending. It provides its users with the unprecedented capability to deposit any major asset on any principal blockchain network. From Bitcoin to Ethereum, and beyond, Radiant Capital accommodates a spectrum of significant assets on their respective blockchain networks, demonstrating its versatile adaptability to the diverse DeFi landscape.
What is RDNT?
RDNT, is the native utility token of Radiant Capital. RDNT emissions incentivize ecosystem participants to provide utility to the platform as dynamic liquidity providers, also known as dLPs.
Dynamic Liquidity Tokens (dLPs)
Dynamic Liquidity Tokens, or dLPs, are a core component of Radiant Capital’s ecosystem. Users can obtain dLPs by locking RDNT-ETH or RDNT-BNB on Radiant through a unique process known as “Zapping”. On Arbirum dLP is composed by RDNT-ETH and on BNB Chain is composed by RDNT-BNB.
ZAP
The Zapping feature is designed to facilitate a smooth transition for users wanting to secure a position in the Balancer RDNT-ETH pool or on PancakeSwap’s RDNT-BNB pool. Users can ZAP ETH on Arbitrum and BNB tokens on BNB Chain to automatically get dLPs. Once the “Zapping” process is completed, users receive dLP proportional to their deposited RDNT-ETH or RDNT-BNB liquidity. In the Radiant ecosystem, locking dLP tokens offers unique advantages. Not only can dLP holders tap into RDNT emissions as lenders or borrowers, but they also receive a share of the platform’s fees and governance privileges. The larger the amount of their dLP holdings and longer the lock up, the more RDNT emissions and platform fees users stand to earn.
Radpie: Optimizing Yields on Radiant
At the heart of Radpie’s operations is the strategic locking of dLP tokens. This tactic ensures secured governance rights for Radpie and activates RDNT emissions on both deposits and borrows within the Radiant Capital ecosystem. By doing so, Radpie amplifies Radiant’s core functionalities and makes it easier and more profitable for users to engage with the platform.
Radpie provides a unique opportunity for dLP holders to increase their earnings by converting their dLP to mdLP. Once converted, users can stake their mdLP on Radpie, where they will be eligible to earn not only RDNT emissions but also additional RDP rewards and protocol fees. Radpie, as a money market optimizer, is designed to streamline and enhance the DeFi experience for users while providing sustained support to Radiant’s long-term growth. It leverages the robust infrastructure of Radiant Capital, offering a unique platform that seamlessly blends a user-friendly interface with maximized returns.
Radpie’s Benefits to Radiant
Radpie offers several advantages to Radiant Capital. Firstly, it elevates the user experience on Radiant by streamlining the process of locking dLPs and optimizing returns. By securing dLPs, Radpie fosters the long-term sustainability of Radiant. This strategy not only draws more users to the platform, but also encourages existing users to maintain their interaction with Radiant via Radpie.
- No Lockup Requirement to boost yields: The requirement to lock at least 5% of the deposited amount in dLP tokens to activate RDNT emissions and higher protocol fees could discourage users seeking more asset flexibility. However, Radpie enables users to earn enhanced passive income without the necessity of locking any portion of their assets as dLP
- Lockup Duration: dLPs are locked for a period of one to twelve months, restricting free access to these assets during this time. If market conditions shift, holders might not be able to respond quickly. However, Radpie provides an easy solution for dLP holders to sell their dLP without any vesting period via mdLP.
- Cost-Effective Governance Power: Radiant voters can effectively gain governance power via Radpie. By amassing dLP within Radiant, Radpie gathers governance rights on the platform. These governance benefits are then distributed among vlRDP holders.
- dLP support: By locking dLP on Radiant, Radpie positively influences the long-term sustainability and growth of the Radiant ecosystem.
The RDP Token: Driving Governance in the Radpie Ecosystem
RDP is the governance and revenue-sharing token of Radpie. When users lock their RDP tokens, they get Vote-Locked RDP (vlRDP) at 1:1 ratio. This process not only establishes a source of passive income but also affords users shared governance voting rights across both Radiant and Radpie. The benefits of holding vlRDP don’t stop there: it also enables users to earn $RDP rewards, benefit from RDNT emissions, and claim a share of protocol fees. These fees are composed of a basket of blue-chip tokens such as WBTC, ETH, wstETH, BNB, ARB, and Stables. This basket’s value comes from the interest paid by borrowers on loans and from the fees associated with flash loans and liquidations.
Benefits of vlRDP
- Platform Governance: vlRDP offers users the opportunity to actively engage in Radpie’s governance, empowering them to contribute to the platform’s evolution and decision-making processes.
- Influence in Radiant: By holding vlRDP, users can have a say in Radiant’s governance. As vlRDP holders indirectly control the dLP accumulated by Radpie, they gain voting rights in Radiant’s governance affairs.
- Revenue Sharing: Possessing vlRDP, which is acquired by locking RDP, facilitates passive income generation through revenue sharing. A portion of the platform’s revenue is allocated to vlRDP holders, promoting long-term investment and participation.
Security and Sustainability
For Radpie, security and transparency are fundamental. To ensure these principles, we have planned rigorous audits by two top-tier firms, and all our smart contracts will be held under a multi-sig setup. Our dedication and experience is further strengthened by Magpie’s successful past integrations with platforms such as Wombat Exchange and Pendle Finance, accumulating +45 million in TVL. Driven by our commitment to safety and integrity, we aim to offer the Radiant community a secure and rewarding DeFi experience.
Upcoming dLP RUSH
We have exciting news for all dLP holders out there! Get ready for the launch of the dLP RUSH! This exclusive event is crafted with you in mind, aiming to reward those converting their dLP to mdLP by distributing 2% of the total RDP supply. Mark your calendars and stay tuned for more updates about the dLP RUSH launch. It’s time to take your dLP holdings to a whole new level!
The synergistic collaboration of Magpie and Radiant via Radpie is a strategic move that bolsters the evolution of Radiant Capital. This collaboration boosts user interaction, fosters long-term token holdings, and amplifies the solidity of the whole ecosystem. As Magpie consistently progresses and broadens its offerings, the integration with Radiant represents an invigorating milestone in our progression. We are eager to present our users with an expanded scope of passive income opportunities and a more seamless DeFi ecosystem. Follow Radpie on Twitter and stay tuned for future announcements.
About Radpie: Created as a SubDAO within Magpie XYZ, Radpie stands at the forefront of enhancing yield and refining governance for Radiant Capital enthusiasts. Drawing power from the robust foundation of Radiant’s infrastructure, it stands as a beacon of enhanced advantages. Radpie’s core mechanism involves the locking of dLP tokens, which fortifies governance rights and triggers RDNT distribution for deposits and borrows in the Radiant ecosystem. Radpie enables Radiant users and dLP holders to access RDNT rewards and increased revenue without any lock-up period.
Website / Twitter / Telegram / Medium / Docs
About Magpie XYZ: Magpie XYZ is a multi-chain platform built to boost yields for liquidity providers and governance token holders of veTokenomics protocols. Essentially the platform incentivizes governance token holders and liquidity providers to pool their assets together so that the platform can acquire governance tokens, convert them into veTokens, boost yield for liquidity providers, and in return share part of the protocol revenues derived from liquidity providers’ boosted profits back to governance token holders.
Website / Twitter / Discord / Telegram / Gitbook / Link3 / Peckshield Audit / Zokyo Audit
