RDNT Token
Token Information
RDNT token:
0x3082CC23568eA640225c2467653dB90e9250AaA0
RDNT/WETH Balancer LP:
0x32dF62dc3aEd2cD6224193052Ce665DC18165841
RDNT, an OFT-20, is Radiant's native utility token. Layer Zero’ omnichain fungible token (OFT) interoperability solution enables native, cross-chain token transfers.
As voted in by Governance Proposal RFP-4, $RDNT emissions incentivize ecosystem participants to provide utility to the platform as dynamic liquidity providers (dLP).
Only users with locked dLP (liquidity tokens) activate eligibility for RDNT emissions on their deposits or borrows.
Additionally, dLP’s share in the utility of Platform Fees is captured in blue-chip assets such as Bitcoin, Ethereum, BNB, and stablecoins from borrowers paying loan interest, flash loans, and liquidation fees.
Through decentralized discussions, voting, and governance, the Radiant DAO has and always will dictate the decisions, and, ultimately, the vision of the Radiant ecosystem.
It is encouraged for all users to watch the Explainer Video located on the Markets page.
Liquidity Mining
Only users with locked Dynamic Liquidity (Liquidity Tokens) activate eligibility to receive RDNT emissions within the money market.
$RDNT Liquidity mining emissions can be instantly claimed for the total amount, provided they are zapped into locked dLP tokens by pairing the claimed $RDNT with wstETH/BNB.
Alternatively, emissions may be vested for three months. Vesting RDNT may be claimed early for an exit penalty to receive 10-75% of rewards, decaying linearly during the three-month vesting period.
Locking dLP tokens is a one to twelve-month process and must be re-locked after maturity to continue receiving platform fees.
For a detailed breakdown of how dynamic liquidity provisioning functions, visit the dLP section of the Gitbook.
For a detailed breakdown of how Locking & Vesting work, visit the Manage Radiant section.
Token Allocation
RDNT has a total supply of 1,500,000,000 tokens.
47.1% emitted as incentives for suppliers and borrowers, released over five years
13.3% to the team, released over five years, with a three-month cliff (10% of the team allocation is locked at the genesis of the protocol and unlocks at the 3-month cliff)
30.9% allocated to the Radiant DAO Reserve
4.7% allocated to core contributors and advisors, released over one and a half years
4% reserved for the Treasury & LP, ratified in RFP-9 governance proposal
RDNT Token Unlock Schedule
Last updated