▫️Radpie (Radiant Capital)

Radiant Capital, a DeFi lending and borrowing protocol with over 80 million in TVL, successfully integrated with Magpie to optimize passive income opportunities and enhance its dLP model. This collaboration resulted in the creation of Radpie, a product designed to to foster the growth of Radiant Capital and its extensive ecosystem. Through Radpie, Magpie has not only expanded its influence but also increased the benefits it offers to DeFi participants. The introduction of Radpie serves as a novel solution that strengthens the core functionalities of Radiant Capital through our SubDAO Model

Integration Details

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. 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.

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.

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 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.

• Stake mdLP - dLP holders can enhance their passive income and flexibility by converting their assets into mdLP. By staking mdLP on Radpie, users can earn RDNT emissions without locking their assets.

• RDNT Emissions for LPs - Thanks to Radpie's dLP holdings, liquidity providers can easily deposit their assets on the platform to earn RDNT tokens. This eliminates the need for them to individually lock dLP.

• Cost-Effective Voting Power - The voting power accumulated by Radpie through dLP is shared among vlRDP holders, allowing them to actively participate in Radiant Capital's governance. RDP, Radpie's governance token, can be locked as vlRDP, offering various benefits. Vote-Locked RDP holders can earn passive income and influence Radiant's governance, maximizing their rewards. Users must wait 30 days for their vlRDP to be fully unlocked and converted back to RDP.