MIP #75 - Guidance on Radpie’s Support for Radiant’s Economic Overhaul

Abstract

This proposal seeks to gather votes from vlMGP holders on whether Magpie should support Radpie’s RIP #19, proposes backing Radiant Capital’s RFP-51. It outlines a comprehensive restructuring of Radiant’s economic framework, including the implementation of dynamic reserve factors, a revised revenue distribution model, a weighted emissions allocation system, the establishment of the Radiant Guardian Fund, the repurposing of the qRDNT/qLP stream, and diversification of DAO treasury assets.

Feedback from vlMGP holders will guide Magpie’s position, ensuring alignment with our governance and supporting long-term sustainability and security across the ecosystem.

Motivation

RFP-51 emerges as a strategic response to Radiant’s major security incident in October 2024, introducing structural reforms to restore trust, ensure protocol resilience, and reduce RDNT inflation. The proposal reflects a well-coordinated plan to enhance depositor protection, improve capital efficiency, and support sustainable growth. By supporting RIP #19, Magpie enables Radpie to participate in Radiant’s recovery efforts while maintaining confidence in the broader SubDAO framework. This decision aligns with Magpie’s objective of fostering community-led governance and promoting strategic alignment across the ecosystem.

Specification

Vote on whether Magpie should support Radpie’s RIP #19 endorsing Radiant Capital’s RFP-51 economic overhaul.

For more information, read Radiant Capital’s Original proposal RFP-51