Driving Innovation: Radpie is now live on Mainnet!
The cosmic alignments have decreed, and today Radpie emerges from the mists of creation onto Arbitrum and BNB Chain. This transition to our mainnet signifies a pivotal turn in Radpie’s evolution, revealing vast landscapes of untapped potential and bounties for those who navigate the DeFi expanse.
In its unyielding quest to amplify the core powers of Radiant, Radpie positions itself not merely as an ally but as a guardian, steadfast in its dedication to refining the platform’s ethereal performance. By locking dLP within Radiant Capital, Radpie provides efficient governance rights, enhanced revenue share, and a beacon of RDNT rewards from the protocol’s very essence. With this strategy, the doors to these unique advantages swing open, allowing our users to traverse and partake with elegance and ease.
As we officially launch our platform, let’s take an overview of the user features that are now available on Radpie:
1. mdLP Conversion & Staking
dLP holders from Radiant Capital can now convert and stake their assets using the mdLP Pool on Radpie via Arbitrum or BNB Chain. Upon converting their dLP, users receive mdLP (Magpie dLP), and the converted dLP is automatically locked by Radpie within Radiant. mdLP provides converters with the chance to earn a share of Radpie’s revenue. This mechanism enables users to reap rewards without any lock-up period while simultaneously granting Radpie access to benefits on Radiant Capital.
Note:
- Locked dLP cannot be converted into mdLP; dLP must be unlocked for users to make the conversion.
- Conversions from dLP to mdLP are irreversible. Once the secondary market becomes available, users will be able to trade mdLP and dLP.
2. Zap
Users can easily turn their ETH or BNB tokens into mdLP with just one click using Radpie’s “Zap” functionality in the mdLP Pool. This eliminates the need for manual pairing of RDNT-ETH or RDNT-BNB. After zapping on Radpie, users can stake their mdLP.
3. Liquidity Pools
Radpie offers boosted liquidity pools for users on Arbitrum and BNB Chain. Thanks to the dLP accumulated by Radpie, liquidity providers can automatically optimize the efficiency of their capital and earn RDNT emissions without needing to acquire and lock dLP within Radiant Capital themselves. Each Radpie pool has a deposit cap to ensure optimal capital efficiency. Once this limit is reached, participants need to withdraw funds in order for new users to join.
4. Stats Dashboard
A. System Stats
The “System Stats” showcase current information regarding Radpie’s platform performance.
- TVL: The Total Value Locked within Radpie.
- Total Market: Radpie’s Market size after looping
- Health Factor: The Value of Radpie’s collateral in relation to its loan on Radiant Capital
- dLP Required to earn emissions: The amount of dLP that Radpie needs to maintain to provide RDNT rewards for depositors.
- Deleverage: If the Health factor is lower than 1.3, or if Radpie loses RDNT eligibility due to market conditions, anyone can trigger Deleverage to ensure Radpie’s position is protected from liquidation and to maintain eligibility for the remaining RDNT rewards.
B. Deposit and Debt Composition
- Deposit Composition: Users can track deposits within Radpie. The chart shows the percentage of total deposits that each token represents on the platform.
- Debt Composition: Radpie’s debt is divided among different assets. This chart allows users to easily track the size of Radpie’s debt by asset and the percentage of the total debt each asset represents.
C. RDNT Reward Stats
Here users can see the total RDNT revenue earned by Radpie. These RDNT rewards are shared between Radpie participants.
- RDNT Rev: Total RDNT earned by Radpie.
- Claimable: Total claimable RDNT.
- Last Harvest: Shows the last time Radpie claimed rewards from Radiant.
- RDNT in Vesting: The number of RDNT tokens being unlocked on Radpie before they become claimable.
- Vested RDNT: The number of RDNT tokens that have been unlocked on Radpie after the vesting period is complete.
5. Claim Page
The “Claim” page is where users can get their accumulated rewards from different pools within Radpie or also from airdrops related to events like the dLP RUSH.
- Other Pools: mdLP stakers and liquidity providers can claim their respective earnings here.
- Airdrops: dLP RUSH participants can claim their vesting tokens on the “Airdrops” tab.
6. IDO Page
Here, you’ll find information about the RDP token’s IDO. Delve into the details of the RDP token distribution and its allocation breakdown.
In the matrix of the decentralized universe, Radpie’s mainnet launch on Arbitrum and BNB Chain symbolizes a pivotal advancement within the Radiant Capital architecture. Armed with state-of-the-art functionalities like mdLP Staking, bolstered Liquidity Pools, and RDNT emissions, Radpie stands on the cusp of reshaping the DeFi user trajectory.
We aim to not only match but to elevate user expectations, propelling our blueprint of a seamlessly integrated, streamlined, and reward-enriched DeFi infrastructure. As we move forward, our core algorithms resonate with appreciation for our steadfast community.
About Radpie: Created as a SubDAO within Magpie XYZ, Radpie stands at the forefront of enhancing yield and refining governance for Radiant Capital enthusiasts. Drawing power from the robust foundation of Radiant’s infrastructure, it stands as a beacon of enhanced advantages. Radpie’s core mechanism involves the locking of dLP tokens, which fortifies governance rights and triggers RDNT distribution for deposits and borrows in the Radiant ecosystem. Radpie enables Radiant users and dLP holders to access RDNT rewards and increased revenue without any lock-up period.
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