Radiant's USDC Rewards Campaign Boosts Stablecoin Dominance on Arbitrum
Radiant's USDC Rewards Campaign Boosts Stablecoin Dominance on Arbitrum
馃敟 Stablecoin Rewards Shaking Up Market
Radiant, a decentralized finance platform, has launched a $50,000 USDC rewards campaign on Arbitrum. The campaign has contributed to USDC's growing dominance in the stablecoin market on Arbitrum, with $12 million in deposits and approximately $10 million in borrows. The rewards campaign will continue for another 23 days, providing an opportunity for users to participate.
The $50k USDC rewards campaign is in full swing 馃敟 The two additional sources of rewards are contributing to USDC's growing dominance in the stablecoin market on @arbitrum, already amassing $12M in deposits and about $10M in borrows! Rewards will continue for another 23 days,
$50,000 USDC rewards-- for lending native USDC! Radiant is committed to increasing adoption of @circle鈥檚 native USDC on @arbitrum in collaboration with @gauntlet_xyz. In addition to the base market rate and RDNT emissions, there are now TWO additional sources of rewards.
Final Hours for Radiant Guardian Fund Vote
The Radiant community is in the final countdown for voting on RFP-52, a crucial proposal to establish the Radiant Guardian Fund. This new security mechanism aims to: - Enhance protocol security measures - Build greater institutional confidence - Strengthen user protection The vote closes within 24 hours. Community participation is essential for reaching quorum and determining the protocol's future direction. [Cast your vote here](https://bit.ly/RadiantCapital-RFP52)
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.
Radiant Integrates Edge's Risk Oracle for Dynamic Fee Distribution
Radiant has become the first lending protocol to integrate Edge's Risk Oracle, powered by Chaos Labs. This technology: - Monitors and auto-updates risk-related parameters in real-time - Currently recommends updates for the reserve factor - Aims to balance deposit and borrowing rates The integration enables: - Dynamic fee distribution based on market needs - Smoother borrowing costs and optimal rates for lenders Implementation: - Initially rolled out for USDC on BNB - Approved for expansion to all BNB markets - Other chains to follow soon Long-term goals: - Full automation of risk parameters (e.g., supply and borrowing caps) - Gradual shift from manual oversight to auto mode Stay tuned for further updates on this developing system.
Radiant Raises Supply & Borrow Caps on Base and Arbitrum
Radiant has increased supply and borrow caps on several markets across Base and Arbitrum networks, following recommendations from Chaos Labs. This move comes after these markets reached their previous limits. Key updates: - Increased caps for cbBTC (Coinbase) - Raised limits for MAVIA and USDC (MAVIA/USDC) from Mavia Game - Expanded caps for WETH (PT-wstETH) from Pendle Finance These changes provide users with more opportunities to lend and borrow on the Radiant platform. The update follows a trend of cap increases, with a previous doubling of the weETH borrow cap on Arbitrum due to high demand. Visit app.radiant.capital/#/markets to explore the new limits.