GuardianLP (gLP)
GuardianLP (gLP) is only available on Arbitrum but protects depositors on all chains.
The Guardian Fund draws conceptual inspiration from the Aave Safety Module, while introducing a vault-based and composable implementation tailored to Radiant.
GuardianLP (gLP) is the ERC-4626 vault share token that represents ownership of assets held in the Radiant Guardian Fund. gLP tokenizes capital deposited into the Guardian multisig and enables productive, composable, and slashable security capital for the Radiant protocol.
gLP holders provide the capital that backs user remediation in the event of covered exploits, and are compensated through yield generated at the Guardian Fund level.
Overview
Token Type: ERC-4626
Role: Represents proportional ownership of assets held in the Guardian multisig
Issued By: Guardian Vault contract
Redeemable For: Underlying assets (e.g. ETH) at the current gLP price
Risk Profile: Yield-bearing, subject to slashing during remediation events
Architecture
Guardian consists of two core components:
1. Guardian Multisig
A multisignature wallet controlled by DAO signers.
Holds the actual assets backing the Guardian Fund (e.g. ETH, RDNT, wstETH).
Assets in the multisig are the source of both yield accrual and remediation payouts.
2. Guardian Vault (Wrapper Contract)
A smart contract that sits around the multisig.
Handles all user interactions (deposits, withdrawals).
Tracks the total USD value of assets held in the multisig.
Mints and burns gLP shares to reflect ownership.
Users never interact with the multisig directly, all interactions flow through the Vault.
How gLP Works
Deposits (Minting gLP)
User deposits ETH into the Guardian Vault.
The Vault forwards ETH to the Guardian multisig.
The Vault mints gLP to the user, proportional to the deposited value.
Withdrawals (Burning gLP)
User redeems gLP through the Guardian Vault.
The Vault calculates the user’s share based on the current gLP price.
Assets are withdrawn from the multisig.
ETH is sent to the user.
The Vault burns the redeemed gLP.
Users receive their principal plus any accrued yield, minus any slashing that may have occurred.
gLP Pricing
gLP has an intrinsic, on-chain price derived directly from the Guardian Fund:
If assets in the multisig increase while gLP supply stays constant → gLP price increases
If assets decrease (e.g. remediation payouts) → gLP price decreases
Because pricing is native to the vault, no external oracle or price feed is required.
Yield Accrual
gLP is yield-bearing by design.
Yield is generated by adding new assets to the Guardian multisig, such as:
A percentage (10%) of Radiant protocol revenue
RDNT emissions or incentives
Other approved inflows
No new gLP is minted when yield is added. Instead, yield is baked into the gLP price, meaning:
gLP appreciates over time
Yield is realized automatically upon redemption
Slashing & Risk
gLP is explicitly subject to slashing.
In the event of a covered exploit or remediation event:
Assets are transferred out of the Guardian multisig to affected users
The total asset value of the fund decreases
The price of gLP declines proportionally
This means:
gLP holders absorb losses
Risk is socialized among Guardian Fund capital providers
Users with Guardian protection can be remediated
gLP holders are compensated for this risk through yield.
DeFi Composability
gLP is fully composable across DeFi:
ERC-20 compliant → compatible with wallets, DEXs, and protocols
Vault-native pricing → no external oracle required
Can be used as:
Collateral in isolated markets
A building block for structured products
A yield-bearing, risk-aware asset in DeFi strategies
Summary
gLP is the tokenized backbone of the Radiant Guardian system:
Represents ownership of Guardian Fund assets
Earns yield through protocol-level inflows
Is slashable to enable trust-minimized remediation
Is composable, transparent, and DAO-aligned
By holding gLP, users actively provide economic security to the Radiant protocol in exchange for yield.
Last updated