This is your daily reminder to review the latest Medium article to prepare for the upcoming v2 Migration:.
15 Mar 2023, 19:49
This is your daily reminder to review the latest Medium article to prepare for the upcoming v2 Migration:
After receiving feedback from numerous Radiant DAO community members, core contributors, and advisors, the decision was made to leverage an 80/20 RDNT/ETH pair for dLP rather than RDNT/wstETH.
Rationale: wstETH (Lido Staked ETH) is still maturing in the Arbitrum ecosystem, and many users preferred to use ETH for the LP before the Shanghai upgrade, given the risks of holding.
Therefore, the Balancer LP token for locking dLP in Radiant v2 comprises 80% RDNT & 20% ETH.
This does not change Radiant's full support of wstETH as a collateral and borrowing market when v2 launches on Arbitrum in the coming days.