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Radiant initiated a proposal to "optimize RDNT token supply and incentivize long-term locking."

Sep 11, 2024 16:14:51

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According to ChainCatcher's message, the snapshot page shows that Radiant has submitted the RFP-44 proposal, aimed at optimizing the RDNT token supply and incentivizing long-term staking.

This proposal adjusts the allocation strategy of RFP-35, no longer using qLP (cross-chain LP) as the basis for allocation, and introduces a new allocation mechanism based on the total amount of user cross-chain staked RDNT (qRDNT).

RFP-44 plans to allocate 25% of the future newly added token supply to staked users, totaling 125 million RDNT, to be distributed weekly over the next 104 weeks.

The current support rate for the proposal is 99.93% and will end on September 5.

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