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 proposes a comprehensive restructuring of Radiant’s economic framework, including dynamic reserve factors, revised revenue distribution, targeted emissions, the creation of the Radiant Guardian Fund, repurposing the qRDNT/qLP stream, and diversifying the DAO treasury. 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 endorsing RIP #19, Magpie helps Radpie contribute to Radiant’s recovery while reinforcing confidence in our broader network of SubDAOs. This decision aligns with Magpie’s core objective of driving positive systemic impact and amplifying governance influence through community-led participation.
Specification
Vote on whether Magpie should support Radpie’s RIP #19 endorsing Radiant Capital’s RFP-51 economic overhaul.
Read Radiant Capital’s RFP-51