Plutus DAO has launched the plsRDNT-RDNT pool on Chronos Finance.
10 May 2023, 18:26
Plutus DAO has launched the plsRDNT-RDNT pool on Chronos Finance!
This means users effectively have 90% exposure to RDNT in the LP, enabling the wrapper to be liquid as users can enter and exit freely once liquidity deepens.
Users can deposit RDNT Balancer LP tokens (WETH-RDNT-BPT) on Plutus to receive plsRDNT.
Under the hood, the LP tokens deposited on Plutus are max-locked for 12 months on Radiant in perpetuity, ensuring that users are eligible for maximum rewards.
ℹ️ For now, plsRDNT users choose between staking on Plutus for platform fees or LP’ing on Chronos for CHR emissions.
⏳ Shortly, Plutus will enable plsRDNT/RDNT deposits through their UI so that users can receive CHR emissions AND platform fees.
Official announcement:
🦺 Disclaimer: As always, please conduct due diligence before interacting with 3rd party smart contracts and understand the risks involved.