Stake Your BNB and TUSD: Binance Launchpool Offers 15 Million Radiant Capital (RDNT) Rewards
Binance has just announced its 32nd project on Binance Launchpool, Radiant Capital (RDNT). The Omnichain money market protocol, built on LayerZero, is set to be available for farming from March 31st, 2023, at 00:00 (UTC).
Users will have the opportunity to stake their Binance Coin (BNB) and TrueUSD (TUSD) tokens into separate pools and farm RDNT tokens over a 40-day period, until May 9th, 2023. The total token supply for RDNT is 1 billion, with 15 million (1.5%) allocated for Launchpool token rewards.
Introducing @RDNTCapital $RDNT on #Binance Launchpool!
Farm #RDNT by staking #BNB and $TUSD.
➡️ https://t.co/c8bJxmpZ98 pic.twitter.com/97pDO8C9y1
— Binance (@binance) March 30, 2023
Radiant Capital has a circulating supply of 217,696,083 (21.77%) of the total token supply. There is no upper limit to staking, but users must complete the KYC process to participate.
The two supported pools for staking are the Stake BNB pool, which will have 80% of the rewards, and the Stake TUSD pool, which will have 20% of the rewards. The farming distribution will be updated each day during the farming period, with a total daily reward of 375,000 RDNT, with 300,000 RDNT for BNB pool daily rewards and 75,000 RDNT for TUSD pool daily rewards.
Users’ rewards will be calculated and updated hourly, and they will be able to accumulate and claim these rewards directly to their spot accounts at any time. The annual percentage yield (APY) and total pool balance for each pool will also be updated in real-time.
It is important to note that tokens can only be staked in one pool at a time. Users will be able to unstake their funds at any time and participate in any other available pools immediately. Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of the farming period.
Binance Launchpool has been successful in providing its users with the opportunity to farm various tokens, and Radiant Capital’s entry into the platform is highly anticipated. With farming set to start in just a few hours, the cryptocurrency community is eager to see how Radiant Capital’s protocol will perform in the market.
Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587
- Binance Suspends Accounts Involved In Insider Trading
- Binance’s Response To FTX Collapse, Paxos’ BUSD, And CFTC Lawsuit: A Study Of Net Outflows And Reserves
- Radiant Capital (RDNT) Pump Over 30% Following Binance Listing Announcement