Abstract
This proposal requests a governance decision from vlMGP holders on whether Magpie should support Radpie’s RIP #20, which decides about alignment with Radiant Capital’s RFP-52. The initiative introduces the Radiant Guardian Fund—a structured security framework designed to strengthen user deposit protection, expand institutional readiness, and improve capital efficiency.
Key components include a multi-asset cold wallet governed by a 4-of-7 multisig (Guardian Fund), a staking mechanism for coverage eligibility (Guardian Staking Contract), and a capital-efficient LP token (gLP) that represents collateral in the Guardian Fund and integrates with broader DeFi applications.
Feedback from vlMGP holders will determine Magpie’s position on Radpie’s involvement in this initiative, maintaining alignment with the ecosystem’s broader approach to protocol-level security and long-term infrastructure strategy.
Motivation
In 2024, DeFi protocols faced over $2.1 billion in losses, with lending platforms bearing a substantial share. Radiant Capital’s $54.5 million exploit highlighted the need for security measures that extend beyond technical audits and toward structured economic protections.
RFP-52 responds to this by introducing a user-driven risk-sharing framework, combining dLP-based coverage eligibility with capital-efficient participation via the gLP token. RIP #20 will determine Radpie’s position on whether to align with this framework, reflecting the community’s assessment of its relevance to protocol-level security and risk management.
This proposal allows vlMGP holders to determine whether Radpie’s alignment with RFP-52 is consistent with Magpie’s strategic posture on ecosystem security and SubDAO coordination.
Specification
Vote on whether Magpie should support Radpie’s RIP #20, which proposes alignment with Radiant Capital’s RFP-52 for the introduction of the Radiant Guardian Fund security framework.
For more information, refer to Radiant Capital’s RFP-52.