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Radiant Capital has approved the ARB allocation proposal

Radiant Capital has approved the ARB allocation proposal

2023/05/18 06:01

Radiant Capital, a multi-chain lending protocol, has approved the proposal "RFP-18: Strategic Application of ARB Allocation for Radiant DAO Vault" with 89% approval rate, the first snapshot was completed on May 18 at 2:00, the second snapshot will be announced in the next 30-60 days, dLPs eligible for the drop must be locked in after the first snapshot and before the second snapshot Eligible dLPs must be locked on Arbitrum and BNB Chain for 6 - 12 months after the first snapshot and before the second snapshot. 

40% of the 3,348,026 ARB tokens granted by the Arbitrum Foundation to the Radiant DAO treasury will be airdropped to the corresponding eligible dLP lockers, 30% of the ARBs will be allocated to dLP lockers on Arbitrum, and 30% will be used as a strategic reserve for future DAOs.

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