🪙esRDNT
Radpie's escrow version of Queued RDNT for vesting.
Last updated
Radpie's escrow version of Queued RDNT for vesting.
Last updated
esRDNT, introduced by Radpie, is the latest iteration of the RDNT token from Radiant Capital. This innovative token serves a unique function: each esRDNT corresponds to one RDNT that has been earmarked and is in the queue to be vested on the Radpie platform. What sets esRDNT apart is its transferability feature. Instead of waiting for the RDNT to be fully vested, Radpie depositors can withdraw their pending RDNT rewards prematurely as esRDNT. esRDNT is tradable for RDNT on the secondary market, offering an immediate liquidity option for users and allowing them to monetize their future RDNT rewards in the present.
In essence, esRDNT acts as a bridge between the traditional vesting process and the need for on-demand liquidity, blending the best of both worlds for Radpie users. With the introduction of esRDNT, Radpie efficiently provides more opportunities for users who don’t want to wait 90 days.
Through esRDNT, users are offered an opportunity to purchase RDNT at reduced prices depending on market rate and after a 3-month period, they can redeem esRDNT back to RDNT at 1:1 ratio within Radpie. Acquiring esRDNT at a discount is comparable to securing a fixed-yield RDNT product, with the added benefit of no impermanent loss. For esRDNT holders to successfully claim 1 RDNT for every esRDNT they hold, they must initiate the vesting period, which lasts for 90 days.
After users deposit their assets on Radpie they can go to the claim section in order to see their accumulated RDNT earnings. If users want to wait 90 days to get their RDNT they can select “Start Vest” and their tokens will start a vesting period.
Users who don’t want to wait for the 90-day vesting period now have the opportunity to claim their entitled RDNT as esRDNT. esRDNT allows users to convert their assets to RDNT at market rate without any waiting period. By selecting the esRDNT tab, users can withdraw their esRDNT instantly. Users have the flexibility to sell their RDNT positions via Camelot on Arbitrum and via PancakeSwap on BNB Chain.
Users who acquire esRDNT in the secondary market can access the claim section of Radpie and begin their esRDNT vesting process. After the 90-day vesting period, they will be entitled to claim 1 RDNT for each esRDNT.
Arbitrum: Camelot DEX
BNB Chain: PancakeSwap
