Radial Finance
@RadialFinance
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Coordination DAO for Boosted ve Yields on Fantom. Solving the DreCron (3,3) Dilemma for Solidly LPs & ve-lockers. Add liquidity on https://t.co/6DTqz8OxfC
Joined January 2022
Voting incentives for the next epoch can be posted before 20th Thursday 12 AM GMT. Note that RDL incentives are distributed to voters and if no votes are made, RDL incentives dedicated for that epoch (acc to the curve shared in docs) will never get minted ever.
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The Radial veNFT has been transferred to the new mainnet contract. Docs:
docs.radialfinance.org
Automated coordination to maximize yield on Solidly. Inspired by Convex, Votium & Curve.
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Upgraded Radial Protocol has been deployed! The code is fully open-source, and the contracts have been verified on ftmscan. Docs have also been updated to reflect new features. Radial will continue being a public good for the Solidly ecosystem 🌑 Deposits begin from 6th Oct.
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There are next to no rewards for participation. A veNFT with tiny amount of SOLID has been added to the contract and the RDL inflation which will mimic the final inflation curve will be seeded with ~100 RDL. Happy Testing!
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As noted earlier, they are replicas & won't be used in the final version. Please use minuscule amounts if you choose to participate in this testnet. The reason behind the testnet is to identify any bugs and for users to gain familiarity with the functions & the overall process.
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Testnet contracts can be accessed using the frontend at https://t.co/nmPajhtwcY. Remember to lock RDL today to be able to participate in the next epoch starting Thursday 12am UTC.
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With these efforts, we believe that $RDL can help restore @FantomFDN's coordination efforts envisioned by @solidlyexchange! Repo:
github.com
Contribute to RadialFinance/Contracts development by creating an account on GitHub.
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5. Empowering LPs: in addition to $RDL / $wFTM, other Solidly LP tokens can also be locked to receive boosted rewards for a fixed fee that will be directed to the treasury (whose use is left to the community to decide).
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4. Moving Radial’s veNFT to contracts: the control of the NFT will be moved from the multisig to the contract removing any apprehension around the ownership of the NFT. This move also has the benefit of providing boosted SOLID rewards to LPs.
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3. Whitelisting pools on Solidly: Radial allows anyone to bribe $vlRDL and $RDL / $wFTM LP lockers to get their pool whitelisted thus opening up access of Solidly to new trading pairs.
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2. Votium’s off-chain implementation: Radial makes a trade off where all bribing calculations and distributions happen on-chain but mandates that votes be placed through the Radial contracts so that bribes can be distributed appropriately.
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1. Solidly’s bribing bug (internal Votium system): the system will allow $RDL to be locked in the form of vlRDL who can then direct votes of the NFT owned by the Radial along with RDL/wFTM LP lockers to receive correctly calculated bribes based on votes at the end of the epoch.
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Good afternoon, friends. We were slowly working on releasing the product, although constantly updating the codebase to learn from others’ mistakes. Below are the 5 key aspects we have been working on - & are pushing to the whole community to make use of! https://t.co/9ljbPlIbDN
medium.com
​​Good afternoon, friends. We are back with an exciting update for Radial.
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(d) USDC from the multisig in (a) will be moved to the redemption contract in (c) after community review Please share feedback on discord! (6/6)
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(c) A redemption contract will be written that will accept RDL and burn it to enable proportionate USDC withdrawal from the user. As both vested and unvested RDL will be eligible, unvested RDL can be redeemed against the USDC in this contract as they vest. (5/6)
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(b) Roosh will transfer USDC to the multisig and the ve NFT will be sent to him (ideally again done through members in (i)) (4/6)
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(i) Tokens held by team members are excluded from vote and redemptions. Team isn't taking any share of the sale. (ii) Tentative process post the sale if the proposal passes- (a) A multisig consisting of known LobsterDAO or Fantom community members will be set up (3/6)
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There are no counterarguments to these parameters as yet. If you would like any changes, please voice on the forum by the end of this week else they will be considered final. (2/6)
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Tentative conditions being considered: Point 1 - greater than or equal to 51% vote yes, sale goes through greater than or equal to 51% vote no, sale doesn't goes through Point 2- Proposal to be put on vote next Monday (16th) (1/6)
Roosh has again presented an offer to purchase the NFT for 900k USD. We estimate that to be around 0.1285 USD per RDL. Kindly join the governance forum to discuss: (i) vote passing conditions (ii) date the proposal is put up on snapshot (1/2)
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