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Key Statistics
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New on Radiant
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Dev Updates
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Radiant Dimensions
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Collaborations
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Circle & Gauntlet
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Zealy
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Layer3
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Pantera Capital
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Garden Finance
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TheStandard.io
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DAO Proposals
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Honorable Mentions
Key Statistics
New on Radiant
To kick off this new edition, let's explore the latest updates on Radiant.
First, Radiant has implemented significant security enhancements by introducing per-asset caps for deposits and borrowings. This change allows each asset to be regulated independently, ensuring optimal flexibility and security.
Next, Radiant has launched a new market on the Binance Smart Chain: wbETH.
For those unfamiliar, wbETH is a liquid staking ETH derivative token from Binance, where 1 wbETH represents 1 ETH plus accrued staking rewards.
Additionally, Radiant has introduced an exciting new feature: "UNWIND". This feature allows you to manage your loop strategy with a single click.
Developed in collaboration with Furucombo's lending SDK, it streamlines the process and enhances user experience.
Dev Updates
Exciting developments are underway at Radiant. Here’s a look at the latest advancements:
First, regarding Radiant Innovation Zone, contracts have been deployed and tested, and they are now in the final stages of auditing. The official launch is imminent, so get ready.
For a comprehensive overview of the Radiant Innovation Zone, check out this short video here.
We've previously mentioned this, but the DAO contributors have intensified their efforts to enhance security with the introduction of deposit and borrow caps. These measures ensure a higher level of protection and flexibility.
Finally, responding to user feedback, Radiant has introduced the new 1-click "UNWIND" feature, which is now officially available. This feature simplifies the process of managing your loop strategy, providing a seamless user experience.
Radiant Dimensions
In April, three new editions of Radiant Dimensions were released, continuing our mission to educate users on various aspects of Radiant.
Let's begin with an overview of Radiant's business model, use cases, and challenges.
Radiant is built on three main pillars:
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Lending & Borrowing: Radiant facilitates a seamless interaction between lenders and borrowers through liquidity. Lenders earn interest from the fees paid by borrowers, supported by the base market rate.
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dLP Liquidity Providing: By participating as a liquidity provider for the RDNT/ETH and RDNT/BNB pairs, you earn a share of the protocol fees.
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RNDT Emissions: Locking dLPs allows eligible users to access RNDT token emissions.
The other two editions focus on the lending and borrowing system, clarifying key concepts. Here's a simplified explanation:
Deposit the asset of your choice on the chain of your choice (Ethereum, Arbitrum, or BSC). This deposit allows you to either borrow or lend assets. Upon deposit, an rToken is minted, representing a 1:1 peg of the deposited asset. The interest generated by this asset is then distributed to rToken holders.
Collaborations
Circle & Gauntlet
Great news for Radiant! Gauntlet has joined us once again to help promote Circle's native USDC.
In April, participants had the chance to support the adoption of native USDC and earn rewards: 50,000 USDC was available simply by lending native USDC for 30 days.
Combined with the ARB rewards announced in March, it created the perfect opportunity. Claim your rewards here.
Zealy
During the month of April, Radiant has rewarded the hardest-working participants to Zealy quests.
The top 10 users with the most XP received the equivalent of $50 in RDNT tokens.
The winners were announced on Discord.
Layer3
The new 200k mission have been successfully conducted, Layer3 offered a prize of $200,000 in tokens and Radiant had the chance to be featured in those missions.
Pantera Capital
A big thank you to Pantera Capital for producing an excellent article on the crypto ecosystem and its major players.
Radiant was highlighted for its contributions on Arbitrum. You can read the article here.
Garden Finance
Radiant is participating in Season 3 of Garden Finance. Garden is the premier Bitcoin bridge, enabling optimal swaps on Arbitrum.
Take a look at our quest here.
TheStandard.io
Radiant has collaborated with TheStandard.io, resulting in RDNT being added as collateral for smart vaults.
Discover more here.
DAO Proposals
The DAO has voted one proposal, RFP-33 let’s see the results :
- RFP-33: This proposal is seeking approval of the community to increase the current RDNT token supply . The proposal has been accepted.