What is Radiate Protocol? Radiate Protocol is a Yield Farming platform built and developed on Radiant Capital – a large Lending & Borrowing platform on the Arbitrum ecosystem. So, does Radiate Protocol have anything interesting and real potential to invest? Let’s find out with us in the article below.
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What is Radiate Protocol?
Background of Radiate Protocol’s birth
One of Radiant Capital’s difficult problems is that incentives are not focused on “Core LPs”. When most LPs deposit their assets into Radiant Capital, they only want to target the project’s RDNT incentive, so the amount of assets borrowed for real needs is relatively small. And LPs do not really contribute to the sustainable development of the project.
Therefore, Radiant Capital decided to change tokenomics with the new concept of “Dynamic Liquidity” abbreviated as dLP to focus on incentivizing LPs and users who want to stay with the protocol long-term. The Dynamic Liquidity model requires LPs to provide liquidity of 5% of the total Volume (borrowing and lending on Radiant Capital) to provide liquidity for the RDNT – ETH or RDNT – BNB pair.
A simple example is someone has $50,000 USDC on the Arbitrum network for Radiant Capital and they are wondering how to maximize profits:
- Users deposit $50,000 USDC into the Radiant protocol, which must provide a minimum liquidity of 5% of $50,000 or $2,500 for the RDNT – ETH or RDNT – BNB pair to be eligible to receive the incentive.
- If you only deposit $50,000 USDC without providing liquidity, you will only receive the pool’s APR without any incentive.
dLP represents assets in a liquidity pool. Users can lock dLP to receive an incentive called RDNT. Besides the incentive, users also receive a portion of the transaction fees and administrative rights on the protocol.
Radiate Protocol Overview
Radiate Protocol is a Yield Farming platform built to optimize profits and liquidity for users holding dLP on Radiant Capital. For users, if they want to receive incentives and a portion of protocol revenue, users must lock dLP, but with Radiate Protocol, users can exit dLP positions at any time.
Some of the advantages that Radiate Protocol brings to users include:
- Receive rdLP and exit the dLP position at any time through the rdLP – dLP trading pair.
- Receive RDNT incentive and a portion of protocol revenue.
- Receive incentives from Radiate Protocol itself.
The working mechanism of Radiate Protocol is simply as follows:
- Step 1: Provide liquidity on Radiant Capital and receive dLP.
- Step 2: Send dLP into Radiate Protocol then receive rdLP. Holding rdLP, users receive incentives such as RDNT, protocol revenue,…
- Step 3: Radiate will deposit the user’s dLP into Radiant Capital and lock it for the maximum time.
- Step 4: User exits rdLP using the rdLP -dLP liquidity pair.
Development Roadmap
Radiate Protocol’s development roadmap is relatively clear and specific:
- Mid-June 2023: Project deploys Airdrop and sells Public Sales to the community.
- End of June 2023: Allow users the right to stake dLP.
- Early July 2023: Start product audit.
- Mid-July 2023: Deploy Leverager Vaults.
Investor
Update…
Core Team
Update…
Tokenomics
Information about Radiate Protocol tokens
- Token name: Radiate Protocol
- Code: RADT
- Blockchain: Arbitrum
- Token classification: ERC 20
- Contract: Update…
- Total supply: 200,000
Token Allocation
- DAO Tresury: 46.3%
- Liquidity Mining: 15%
- Team: 14.8%
- Airdrop: 2.5%
- Private Sales: 6.67%
- Public Sales: 5%
- DEX Liquidity: 9.5%
- Advisors: 0.2%
Token Release
Update…
Token Use Case
Users can lock RADT to receive esRADT revenue and protocol governance.
Exchanges
Update…
Project Information Channel
- Website: https://www.radiateprotocol.com/’
- Twitter: https://twitter.com/RadiateProtocol
- Discord: discord.gg/Ahg3hDGPCQ
Summary
Radiate Protocol is a Yield Farming protocol participating in Radiant Wars. In your opinion, will Radiate win the Radiant war?
Hopefully through this article, everyone will understand more about what Radiate Protocol is?