Radiant Capital incentivizing growth of USDC on Arbitrum
Radiant Capital incentivizing growth of USDC on Arbitrum
Radiant has partnered with the Arbitrum Foundation and Gauntlet to incentivize the growth of USDC on Arbitrum. The Radiant DAO received 214,687 ARB through a grant program to encourage migration of lenders and borrowers to native USDC. Rewards are now live for the next 70 days. Users can find their rewards by hovering over the APR section and claiming them on the USDC rewards section under the dropdown menu. Be cautious of impersonators. Stay safe and stay Radiant.
Radiant is working with the Arbitrum Foundation & @gauntlet_xyz to incentivize the growth of USDC on @arbitrum Through this grant program, the Radiant DAO received 214,687 ARB to encourage migration of lenders and borrowers to native USDC 🧵👇🏼 x.com/gauntlet_xyz/s…
In coordination with the @arbitrum Foundation, we've just announced our methodology for their USDC Grant Program, aiming to increase native USDC across the Arbitrum ecosystem. For those interested, a summary has just been posted in the Arbitrum forum. forum.arbitrum.foundation/t/gauntlet-x-a…
Reserve Factor Updates for Arbitrum and BNB Chain Assets
Radiant Capital has implemented reserve factor adjustments across multiple assets on Arbitrum and BNB Chain: - **Arbitrum**: USDC, WBTC, WETH - **BNB Chain**: USDT, WBNB, BTCB The optimization increases the share of borrower interest fees allocated to depositors, enhancing platform efficiency. This update completes the reserve factor improvements for all markets on both chains. Start exploring the updated markets at [Radiant Capital](https://app.radiant.capital/#/markets)
Radiant Implements Limited Asset Allowances for Enhanced Security
Radiant has rolled out a significant security upgrade implementing limited allowances for asset approvals across their platform. This change marks a shift from the traditional unlimited approval model. Key updates: - Limited allowances now required for asset interactions - More restrictive default permissions - Greater user control over fund access - Alignment with evolving security standards This follows their earlier security improvements including deposit and borrow caps across markets, demonstrating ongoing commitment to platform safety.
Final Review Period for Balance Checking Closes April 30
The balance checker that has been active since February 2 is entering its final phase. Users have until Wednesday, April 30, 2025 to verify their data before numbers are finalized for the Remediation Plan. - Active since: Feb 2, 2025 - Deadline: April 30, 2025 Users should check their balances at the [official balance checker](https://docs.google.com/spreadsheets/d/1VyVtURYWKF-Hp6AoGdXSPwtZALmAwXezpP8snzYt4a4/edit?usp=sharing) before the window closes. **Action Required**: Review your balance now to ensure accuracy before final implementation.
Radiant Capital DAO Proposal: Accelerating RDNT Token Vesting
A new DAO proposal (RFP-46) aims to accelerate the vesting schedule for 200 million RDNT tokens in the Emissions Reserve. The proposal suggests: - Reducing vesting period from 3 to 2 years - Increasing token emissions to support higher APRs - Attracting more liquidity to Radiant Innovation Zone (RIZ) markets The goal is to expand liquidity and drive RIZ growth across multiple chains. Additionally, Super OETH, an innovative LST, is now available as a RIZ Market on Radiant: - Combines Ethereum staking rewards with Aerodrome incentives - Offers up to 4x leverage on Radiant - Currently earning up to 45% APY when maximally looped *Vote on the proposal:* [Snapshot link](https://snapshot.org/#/radiantcapital.eth/proposal/0xc9ded50bfb0aae1c957a94de44d65a2997694ac85703825f5ded16d43540bbb5)
Radiant Featured in OKX Web3's New Eco Hub
Radiant, the omnichain money market built on LayerZero, has been featured in the newly launched Eco Hub by OKX Web3. This inclusion highlights Radiant's growing prominence in the decentralized finance space. - Radiant offers cross-chain deposit and borrowing capabilities - OKX Web3's Eco Hub showcases notable blockchain projects - This feature may increase visibility for Radiant's innovative platform The collaboration between Radiant and OKX Web3 demonstrates the increasing integration of multi-chain solutions in the DeFi ecosystem. Users interested in exploring Radiant's services can now find more information through the OKX Web3 Eco Hub.