Introducing Radiant Capital (RDNT) on Binance Launchpool! Farm RDNT by Staking BNB and TUSD
Binance is excited to announce the 32st project on Binance Launchpool - Radiant Capital (RDNT), an omnichain money market protocol built on LayerZero. The webpage is estimated to be available in 4 hours, before the Launchpool starts.
Users will be able to stake their BNB and TUSD into separate pools to farm RDNT tokens over 40 days, with farming starting from 2023-03-31 00:00 (UTC).
RDNT Launchpool Details:
Token Name: Radiant Capital (RDNT)
Total Token Supply: 1,000,000,000 RDNT
Launchpool Token Rewards: 15,000,000 RDNT (1.5% of total token supply)
Circulating Supply: 217,696,083 (21.77% of the total token supply)
Staking Terms: No upper limit. KYC required
Stake BNB (webpage will be available in around 4 hours): 12,000,000 RDNT in rewards (80%)
Stake TUSD (webpage will be available in around 4 hours): 3,000,000 RDNT in rewards (20%)
Farming Period: 2023-03-31 00:00 (UTC) to 2023-05-09 23:59 (UTC).
RDNT Farming Distribution
Read about Radiant Capital (RDNT) in our research report here.
Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
Binance BNB Vault will support the RDNT Launchpool. Users who have staked their BNB in BNB Vault will automatically participate in the RDNT Launchpool, and receive RDNT rewards daily in their Spot Wallets.
BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Reminder: Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming RDNT.
* Users from the following countries or regions will not be able to participate in farming RDNT:
Belarus, Cuba, Democratic Republic of Congo, Iran, Crimea Region, New Zealand, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), Zimbabwe.
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Note: This announcement was updated on 2023-04-24 to reflect changes on the list of restricted countries and regions. It was previously updated on 2023-03-31 to clarify that BNB Vault is supporting the RDNT Launchpool.Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.