RDNT Token
Radiant (RDNT) Arbitrum token address: 0x3082CC23568eA640225c2467653dB90e9250AaA0
Radiant (RDNT) BNB Chain token address: 0xf7DE7E8A6bd59ED41a4b5fe50278b3B7f31384dF
RDNT/WETH Balancer LP token address: 0x32dF62dc3aEd2cD6224193052Ce665DC18165841RDNT/WBNB PancakeSwap LP token address: 0x346575fc7f07e6994d76199e41d13dc1575322e1
$RDNT, an OFT-20, is Radiant's native utility token.
Layer Zero Labs’ 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.
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 on the condition that 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.
This penalty fee is then distributed 90% to the Radiant DAO reserve, and the remaining 10% is sent to the Radiant Starfleet Treasury.
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.
RDNT has a total supply of 1,000,000,000 tokens.
- 49% emitted as incentives for suppliers and borrowers, released over five years
- 19% 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)
- 17% allocated to the Radiant DAO Reserve that comprises (1) 50% of 'Incentives - Supply and Borrowers' emissions from Oct 2022 - March 2023, and (2) 85% of 'Incentives - Pool 2' from Aug 3, 2022, through Feb 2023, ratified in RFP-2 governance proposal
- 7% allocated to core contributors and advisors, released over one and a half years
- 2% emitted for Pool 2 liquidity providers between August 3, 2022, through March 17, 2023, which has been deprecated and ratified in RFP-8 governance proposal
The exact monthly emission rate is calculated as
20,000,000 / 1.0568 ^ n, where n is the number of months since v2 launch.
Last modified 2mo ago