RFP-12: Remove OpEx % of Protocol Fees During New Chain Launches [Protocol Mechanics]
AI summary
This proposal, RFP-12, suggests temporarily reallocating 15% of protocol fees during the first two weeks of new chain launches. Currently, these fees go to the OpEx Treasury, which covers operational expenses. Instead, for USDC and ETH markets, these fees would boost base lending interest from 25% to 40%. For all other markets, the fees would increase the percentage received by dLP lockers from 60% to 75%. After two weeks, the fee distribution would revert to the original settings.
If passed, lenders of USDC and ETH would earn more interest, and dLP lockers would receive a larger share of protocol fees during new chain launch periods, making Radiant more competitive. The OpEx Treasury would temporarily receive no protocol fees during these specific two-week windows, potentially delaying some operational expense funding, but this is intended to be a short-term measure to attract liquidity and users.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Abstract
The objective of RFP-12 is to improve incentives for Radiant users during new chain launches by eliminating the "OpEx" portion of protocol fees (currently set at 15% in RFP-7) and reallocating those fees to base lending interest and dLP lockers.
Motivation
Under v1 of the Radiant protocol, Radiant lockers receive 50% of protocol fees. In v2, dLP lockers will receive a higher percentage of protocol fees (60% vs. 50%), but the base lending interest, which was or…