📝Radpie Overview
Overview
Last updated
Overview
Last updated
Developed by Magpie, Radpie is a Next-Generation SubDAO designed to optimize yield and provide efficient governance services for Radiant Capital users. The platform is strategically built upon the robust infrastructure of Radiant, capitalizing on its potential to maximize returns. Central to Radpie's modus operandi is the locking of dLP tokens, a strategy that secures governance rights and activates RDNT emissions on both deposits and borrows within the Radiant Capital ecosystem. Also, Radpie accrues platform fees from Radiant Capital's reward stream by maintaining a hold on dLP tokens, thereby providing a sustainable and consistent avenue for value generation.
Radpie, offers Radiant users and dLP holders the chance to earn RDNT rewards without any lock up by converting their dLP into mdLP. mdLP is the Radpie version of dLP. mdLP can be staked on Radpie to earn boosted rewards for active participation.
When users convert their dLP or utilize the 'ZAP' function for their RDNT-ETH or RDNT-BNB tokens on Radpie, they receive mdLP, which enables them to earn substantial rewards. Meanwhile, Radpie locks all the converted dLP on Radiant Capital, accumulating dLP. This accumulation of dLP grants Radpie the right to activate RDNT emissions by lending and borrowing. Users have the flexibility to stake their mdLP on Radpie to earn rewards for their active participation or swap their mdLP back to dLP on the secondary market.
Radpie has successfully automated Radiant's looping functionality, thus offering users the opportunity to effortlessly earn boosted yields without the need to personally hold any dLP. The platform utilizes its own dLP holdings to optimize the pools on Radpie, which in turn allows users to seamlessly earn RDNT emissions and increase their rewards.
RDP is the governance and rewards earning token of Radpie. Users have the option to lock their RDP tokens on Radpie and receive vlRDP at a 1:1 ratio.
Vote-Locked RDP, also known as vlRDP, allows users to earn rewards for their active participation and share governance benefits on Radpie. The voting power that Radpie accumulates by holding dLP tokens is distributed between vlRDP holders, allowing them to efficiently vote on Radiant's governance. Vote-Locked RDP holders earn RDNT and RDP tokens as incentives.
