RFP-6: v2 Vesting and Locking - Protocol Mechanics
AI summary
This proposal, RFP-6, suggests three key changes to how Radiant Capital's RDNT tokens are vested and locked in v2. First, it proposes that tokens with expired locks will no longer earn protocol fees, requiring users to actively re-lock them. Second, it aims to remove the current 7-day 'epoch' system, which groups all token unlocks, in favor of individual vesting and lock expiration schedules. Third, it extends the vesting period for newly earned RDNT tokens from 28 days to a longer, unspecified duration.
If passed, users with expired RDNT locks will need to re-lock their tokens to continue earning fees, potentially increasing active participation. The removal of 7-day unlock epochs should smooth out token supply releases, reducing market volatility and 'FUD' (fear, uncertainty, and doubt) associated with large, simultaneous unlocks. The extension of the vesting period for earned RDNT aims to encourage long-term holding and support for the protocol, benefiting the overall stability of the Radiant ecosystem.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Abstract
RFP-6 proposes changes to the vesting and locking mechanisms.
Motivation
Fixed unlock periods create unnecessary FUD. Grouping unlock events into universal weekly epochs creates weird game theory dynamics which aren’t particularly helpful or useful.
As liquid tokens, expired locks should not receive the same treatment as locked RDNT tokens.
It is imperative that Radiant v2 rewards and encourages long-term support of the Radiant protocol in alignment with the Radiant DAO core value of collective benefit.
Key Terms
- Epoch: a period of time used to mark specifi…