On May 17th, Radiant Capital announced that under RFP-34, Radiant DAO has approved the integration of the new weETH marketplace on Arbitrum and the Ethereum mainnet. Arbitrum will be launched first, followed by Ethereum in the near future.
The weETH marketplace will help users earn 1x Eigenlayer points, as well as 2x MULTIPLIER points on ether.fi. In addition to points, users will also receive rewards from four other sources: pledge proceeds, re-pledge proceeds, Radiant's base market rate, and RDNT emissions.
Radiant worked with Chaos Labs to define initial borrowing and supply caps of 2,000 weETH and 400 weETH, respectively. These caps are set conservatively and will gradually increase over time as the market grows.
Radiant DAO approves integration of new weETH marketplace on Arbitrum and Ethereum mainnet
2024-05-17 02:56:47
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