1/8 @RDNTCapital generates $60k-$100k in fees/day on average.
The TVL sits at an all time high of $277m and the protocol will be launching on Ethereum mainnet soon.
Binance Labs further announced a $10m investment in Radiant to support its future growth and expansion.
I first started covering Radiant 5 months ago and since then, the protocol has grown significantly and upgraded to V2.
V2 introduced the dynamic liquidity pool (dLP) where users lock up their $RDNT in a Balancer pool with 20% $ETH to earn $RDNT emissions on the protocol.
As Radiant has grown, protocols have launched on top of this dapp.
@Radpiexyz_io is one of these and is incubated by @magpiexyz_io and works similarly to @Penpiexyz_io built on top of @pendle_fi.
USDT is currently heavily over represented in the 3pool on Curve which is now over 60%🚨
Is this baseless panic or do large entities know something we don't?
I don't want to take that bet so I've shorted USDT on-chain as a hedge. Here's how👇 1/5
Curve is the main place for swapping stablecoins as the protocol has the deepest liquidity.
When the Curve 3pool becomes imbalances it becomes more difficult to swap without experiencing large slippage.
This is what's happening right now because people are selling USDT.
If you want to convert USDT to another stablecoin you have several options such as USDC, DAI, FRAX or decentralized stablecoins like LUSD on mainnet or VST on Arbitrum.
You can additionally short USDT quite easily on-chain: