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Radiant launches a proposal to optimize RDNT incentives, which will be modified to allocate 125 million RDNT based on qRDNT

Radiant launches a proposal to optimize RDNT incentives, which will be modified to allocate 125 million RDNT based on qRDNT

Bitget2024/09/03 02:30
RDNT+1.60%

Golden Finance reported that Radiant submitted RFP-44 proposal, which aims to optimize the supply of RDNT tokens and incentivize long-term lock-up.

The proposal adjusts the allocation strategy of RFP-35, no longer uses qLP (cross-chain LP) as the basis for allocation, and introduces a new allocation mechanism based on the total amount of RDNT locked across the chain by users (qRDNT). RFP-44 plans to allocate 25% of the future additional token supply to lock-up users, totaling 125 million RDNT, and to distribute weekly in the next 104 weeks. The current proposal support rate is 99.93%, and it will end on September 5.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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