Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.
Part of my routine as a DeFi investor is to constantly keep a pulse on all the available yields to earn on-chain. Each week, I review the best DeFi yields available for blue chip tokens such as ETH, BTC, ARB, and stablecoins.
During the last 12 months, some of the most sustainable yields have come from Radiant Capital, the first omnichain money market built on LayerZero. Radiant looks like any other money market such as Aave but it remains the most liquid lending and borrowing app on Arbitrum with impressive $720M in total assets deposited across Ethereum, BNB Chain, and Arbitrum.
Previously in Wealth Mastery, we have covered the very clever design choice behind the Radiant liquidity mining program, which requires lenders and borrowers to provide liquidity to a 80/20 RDNT/ETH LP on Balancer, where there is a minimum 5% ratio between your total deposit value and LP value to earn RDNT emissions.
These LPs lock up their liquidity for up to 12 months, which qualifies them for more RDNT rewards. In each lending/borrowing market, the RDNT emissions are rewarded proportionally based on a combination of how much liquidity is lent/borrowed and how long their RDNT/ETH LP is locked.
However, this Dynamic Liquidity Provision (dLP) presents a hurdle in terms of complexity and capital to unlock the highest available RDNT rewards on Radiant. As a result, the team behind Magpie launched Radpie, a subDAO designed to optimize yield and provide efficient governance services for Radiant Capital users.