What is Radpie? Radpie is a Yield Farming platform that helps dLP holders from Radiant Capital maximize profits easily. Radpie’s model is quite similar to Convex Finance, Clever, Pirex,… So what is interesting about Radpie and whether it has potential or not? Let’s find out together in this article.
To understand more about Radpie, people can refer to some of the following articles:
- What is Convex Finance (CVX)? Overview of Cryptocurrencies Convex Finance
- What is Redacted Finance (BTRFLY)? Overview of Cryptocurrencies Redacted Finance
- What is Clever (CLEV)? Clever Cryptocurrency Overview
What is Radpie?
Background of Radpie’s birth
Radpie is the next product of subDAO built by the Magpie team. If Magpie participated in the Wombat Wars, recently Penpie was born with the Pendle Wars, then in the near future Radpie will be introduced when participating in Radiant Wars.
So why did Radiant Wars appear? The reason comes from the fact that Radiant has changed its tokenomics. Before going into the Radiant Capital model, let’s introduce to everyone Radiant Capital is a large Lending & Borrowing platform on the Arbitrum ecosystem and is the 32nd project deployed on Binance Launchpool.
Recently, the burning problem with Radiant is that there are too many LPs who have deposited money into the protocol to get the RDNT incentive and then dumped RDNT on the exchanges, which greatly affects the protocol when the LPs Thus, it is difficult to support the project in the long term. And that is why dLP was born!
dLP stands for “Dynamic Liquidity” and aims for users to be a long-term companion with the sustainable development of the protocol. dLP’s operating model is that LPs who want to receive incentives must provide a minimum of 5% of the total volume on Radiant capital to provide liquidity for the RDNT – ETH or RDNT – BNB pair.
For example: A person with $10,000 on the Arbitrum network for Radiant Capital would be faced with two choices.
- Users deposit $1,000 USDC into the Radiant protocol, and must provide a minimum liquidity of 5% of $1,000 or $50 for the RDNT – ETH or RDNT – BNB pair to be eligible to receive the incentive.
- If you only deposit $1,000 USDC without providing liquidity, you will only receive the pool’s APR without any incentive.
dLP represents a user’s 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.
Overview of Radpie
Radpie is a Yield Farming platform that aims to provide maximum returns and unlock liquidity for dLP holders (dLP on Radiant Capital will be locked). Instead of users locking dLP directly on Radiant Capital, users can deposit dLP into Radpie to receive some of the following benefits:
- Get mdLP. Users can exit dLP positions at any time without waiting for unlocking through the mdLP -dLP liquidity pair.
- In addition to the RDNT incentive from Radiant Capital, users holding mdLP also receive protocol revenues and project governance rights.
- Receive Radpie’s main incentive.
Radpie’s operating mechanism is relatively simple as follows:
- Step 1: Provide liquidity on Radiant Capital and receive dLP.
- Step 2: Send dLP to Radpie then receive mdLP. Holding mdLP, users receive incentives such as RDNT, protocol revenue,…
- Step 3: Radpie will deposit the user’s dLP into Radiant Capital and lock it for the maximum time.
- Step 4: User exits mdLP using mdLP -dLP liquidity pair.
Development Roadmap
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Investor
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Core Team
Radpie is built and developed by the Magpie and Penpie teams.
Radpie is built and developed by the Magpie and Penpie teams. Project team includes Grimmace, Alan and Desmen.
Tokenomics
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Exchanges
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Project’s Transaction Channel
- Twitter: https://twitter.com/Radpiexyz_io
- Medium: https://blog.radpiexyz.io/
- Telegram:
Summary
Radpie continues to fight in the Radiant Wars, can Radpie win this war? What are people’s opinions? Hopefully through this article everyone can understand more about what Radpie is?