plsRDNT

A quick reference on plsASSETs.

Important: plsRDNT has recently undergone an extensive upgrade from V1 to V2. From here on out, plsRDNT V2 is referred to as plsRDNT. To learn more about the upgrade, visit this article.

General Information

• plsRDNT is an index (4626) built on top of the Radiant dLP. It is a liquid staking derivative of the max-locked dLP token on Radiant.

• plsRDNT accrues value in dLP terms.

• Users are encouraged to LP their plsRDNT tokens in the plsRDNT/RDNTWETH8020 pool on Balancer.

• plsRDNT has a buyback & burn mechanism, which can be activated when the LP peg is below 1. This supports the peg while also increasing the index.

plsRDNT Rewards

• plsRDNT earns 50% of the underlying dLP yield. This yield gets automatically compounded in to the index.

• The remaining portion of the rewards is automatically used to bribe through Balancer and Aura using Hidden Hand. These rewards go to the LP. Please note that Balancer takes a fee for providing the automatic bribing infrastructure.

plsRDNT/RDNTWETH8020 Liquidity Pool

• plsRDNT users can LP their tokens against RDNTWETH on Balancer.

• LPing is strongly encouraged, as it gets rewards from the following sources.

  1. Rewards in BAL from bribing through Aura and Balancer using Hidden Hand with 50% of the underlying dLP yield.

  2. esPLS rewards from Plutus.

  3. A share of Radiant’s STIP rewards.

  4. A share of Balancer’s STIP rewards.

  5. Trading fees from the LP.

  6. AURA rewards.

plsRDNT Diagram