GM, this is your Daily Bolt briefing.
In today’s edition, we’ll be providing you with some key updates on popular projects
Learn about Radiant Capital’s potential move to Ethereum mainnet and how the team is airdropping their allocated ARB.
Keep up with what the Byte Masons are building as we give you the latest news and updates on Ethos Reserve and Reaper Farm.
Stay vigilant in the markets ⬇️
1/ Radiant Capital - Radiant Expands into Ethereum
Preview: Hung Vu and Isaac discuss RFP-19, gas optimization on Arbitrum, ARB Tokens Distribution, and Radiant’s security measures. Click here to listen to the full episode (56 mins).
Read our Note (6 mins) and save 50 mins.
Here are some key takeaways:
Isaac introduces RFP-19 as a proposal for the launch of Radiant on the Ethereum mainnet. Isaac says that the proposal includes three main business opportunities: staked ETH, stablecoins, and LP tokens. These are the three types of assets that Radiant plans to support on the Ethereum mainnet.
He says that the voting period for RFP-19 is closing soon and if everything goes according to plan, the potential deployment is expected in Q3 of this year.
Hung Vu and Isaac agree that Ethereum is a highly competitive but also highly rewarding environment. They believe that the launch on the Ethereum mainnet will attract a lot of money due to the attractive use cases that Radiant offers.
Isaac says that Magpie Initiative allows users to lock their dLP tokens and earn yields. By locking these tokens, users can earn yields, which are returns or profits made on their locked tokens.
Hung Vu says that the ARB tokens received by the Radiant DAO were channeled out into the community in three ways: 40% in an airdrop, 30% as part of protocol fees, and 30% left for future proposals.
He says that with the airdrop, the Radiant team wants to stimulate additional dLP locking and reward long-term, for those who are committed to the project for a long term.
Isaac reveals that to mark the first anniversary of Radiant, they will be launching a special engagement campaign with Galxe.
2/ OATH Town Hall - June 2023
Preview: Justin hosts Charles, Samson, and Eidolon to discuss Ethos Reserve updates and roadmap and more! Click here to listen to the full episode (58 mins).
Read our Note (9 mins) and save 49 mins.
Here are some key takeaways:
Ethos Reserve is a next-generation stable asset on Optimism.
Justin mentions recent updates regarding Ethos Reserve, technical improvements have been made despite difficulties arising from the multichain collapse. Ethos has nearly doubled the managed yield percent and the yield on underlying reserves.
Ethos announces the activation of bridges, highlighting the many ERN yield opportunities appearing across various networks. Current partnerships include Gains Network and they are working towards a partnership with Frax to incentivize their pools. They expect to launch on the networks of Thena and Equalizer soon.
Ethos Reserve is building a platform to better support liquid staking tokens and provide more detailed payoffs and incentives. There will be a one-click leverage feature for depositors to utilize the platform. The staked ERN vault, or the stability pool $ERN Vault, has just finished its audit.
Reaper Farm is a yield optimizer designed to efficiently automate DeFi investment strategies.
Eidolon discusses updates on Reaper. He highlights the multi-strat vaults on Fantom and Optimism and the front-end overhaul of Reaper, which now includes more stats, Harvest graphs, a Portfolio page, and a cleaner look. The multi-strat vaults will also be coming to Arbitrum.
He mentions the Universal Swap Router and the Simulation Leverage Bot as recent technological advancements. These tools allow them to reduce the risk of their L2 strategies and ensure principle protection.
Reaper plans to work on wstETH strategies. This will create a base rate of yield for ETH.
Reaper is also looking into entering complex farming positions that require large swaps. The Universal Swap Router will enable this by allowing them to tap into almost any major protocol that uses these assets.
If you read these 2 Notes on Revelo Intel you would have saved: 2 hours and 42 minutes!