The dLP RUSH is a program that Radpie has created to incentivize the conversion of dLP tokens into mdLP for Arbitrum, BNB Chain, and Ethereum users. By converting dLP into mdLP via the dLP RUSH #2, users will receive RDP tokens from Radpie as rewards for each conversion and also IDO quota. Through mdLP, dLP holders can easily earn revenue share and RDNT emissions from Radiant Capital without any lock up time on Radpie. Also, participants of the 2nd dLP RUSH on Arbitrum and Ethereum will get ARB incentives from Radiant.
RDP Rewards
We have set aside a substantial prize pool of 150,000 RDP tokens to be distributed as incentives for users who convert their dLP into mdLP during the 2nd dLP RUSH. This accounts for 1.5% of the total token supply. RDP is the governance token of Radpie. By taking advantage of this unique opportunity, dLP holders can maximize their assets and benefit from passive income on Radpie after the RDP token TGE.
Limited Duration
Is important for users to convert their dLP holdings into mdLP through the 2nd dLP RUSH to fully capitalize on the rewards being offered throughout the event duration period.
In the course of dLP RUSH #2, participants will have the opportunity to accrue points corresponding to the amount of dLP they convert, with increased conversion amounts yielding more points. By converting a greater quantity of dLP, users can access higher points brackets. The number of RDP rewards received by dLP converters will vary, contingent on the points brackets they attain.
Points are allocated based on the following brackets:
On Arbitrum (50,000 RDP rewards allocated)
On BNB Chain (50,000 RDP rewards allocated)
On Ethereum (50,000 RDP rewards allocated)
Example
1. User A: Converts 500 dLP on Arbitrum
User A conversion falls into the first tier. User A will receive 1 point per each of his 500 dLP Converted, receiving 500 points.
- 500 dLP x 1 point = 500 points
2. User B: Converts 12,000 dLP on Arbitrum
User B’s conversion falls into three tiers. For the first 600 dLP, User B will receive 1 point per dLP, for the next 2,400 dLP, will receive 1.1 points per dLP, and for the remaining 9,000 dLP, User B will receive 1.3 points per dLP. The calculation is as follows:
- 600 dLP x 1 point = 600 points
- 2,400 dLP x 1.1 points = 2,640 points
- 9,000 dLP x 1.3 points = 11,700 points
- Total points for User B = 14,940 points
Each user’s share is computed by dividing their individual points by the sum of points from all participants. This mechanism ensures that allocations from the RDP rewards pool are in proportion to the dLP conversion and the points each user has garnered. Essentially, it’s a method designed for equitable and transparent distribution.
Claiming mdLP Tokens at a 1:1 Ratio
Every dLP converted during the dLP RUSH entitles users to 1 mDLP. This method guarantees a straightforward and equitable conversion for all participants of the event.
RDP Claim and Vesting Schedule:
After the Token Generation Event (TGE), participants are entitled to immediately claim 30% of the RDP tokens they accumulated during the dLP RUSH event. The rest, which accounts for 70% of the earned RDP tokens, will be distributed to them over the course of the next year, adhering to a linear vesting schedule. This ensures a consistent and gradual release of the remaining RDP tokens to the dLP RUSH participants over the year.
Radpie is hosting the 2nd dLP RUSH event on Arbitrum, BNB Chain and Ethereum. This ensures that participants can take part in the event regardless of their preferred network. The dLP RUSH provides dLP holders a limited-time opportunity to convert their assets on Radpie to maximize their yield. For each dLP conversion, participants will be awarded 1 mdLP as well as RDP rewards. Following this, the acquired mdLP tokens can be used to earn a portion of the revenue from Radpie. Converters of dLP on Radpie, using Arbitrum and Ethereum, will get ARB rewards provided by Radiant Capital.
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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