🗳️Vote-Locked RDP
vlRDP
Vote-Locked RDP is the locked version of RDP. The governance power that Radpie has acquired by locking dLP on Radiant is shared and controlled by vlRDP holders. Users interested in participating in Radiant's governance can buy voting power cost-effectively through RDP while earning high APR at the same time.
Users must lock RDP as vlRDP to:
Earn passive income
Participate in governance
How can I get vlRDP?
Users can lock RDP on Radpie to get vlRDP at 1:1 ratio.
What is the benefit of vlRDP?
Earn revenue share from Radpie.
Maximized voting power on Radiant.
Governance benefits on Radpie.
How does lock / unlock work?
Once RDP is locked, it is in lock state indefinitely.
Users must "Start Unlock" to start 30 day unlock period known as "Cool Down".
Users can "Force Unlock" to unlock their vlRDP before 30 days by paying a penalty fee.
To fully unlock vlRDP without penalty users must wait 30 days for the Cool Down period to end.
vlRDP holders continue to earn passive income but cannot participate in the voting process while their tokens are in Cool Down.
On day 1, penalty cost is 80% of the total RDP tokens locked by the user and will decrease non-linearly over time.
There are three states of vlRDP
1. Lock state: vlRDP by default is in lock state, can vote on Radpie's governance and receive Radpie revenue share.
2. Cooldown (or unlocking) state: vlRDP will be in cooldown state once users start unlock. You can choose the amount of vlRDP to start unlocking schedule. vlRDP in cooldown state can ONLY receive Radpie revenue share, NOT able to vote on Radpie's governance
3. Expired state: Once "Cooldown" period ends, those vlRDP will be in expired state. Expired vlRDP CANNOT do all following actions: vote on Radpie's governance, receive any rewards. The rewards will still be titled to expired vlRDP, but once user claims, rewards will be forfeit and redistributed to all other vlRDP. The Forfeit part is proportional to the amount of expired vlRDP and how long they stay expired state.
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