Radiant DAO approves integration of new weETH marketplace on Arbitrum and Ethereum mainnet
On May 17th, Radiant Capital announced that according to RFP-34, Radiant DAO has approved the integration of a new weETH market on Arbitrum and Ethereum mainnet. Arbitrum will be launched first, followed by Ethereum in the near future.
The weETH market will help users earn 1x Eigenlayer points and receive a 2x MULTIPLIER point bonus on ether.fi. In addition to points, users will also receive rewards from four other sources: staking rewards, re-staking rewards, Radiant's base market rate, and RDNT emissions.
Radiant has partnered with Chaos Labs to define initial borrowing and supply limits of 2,000 weETH and 400 weETH, respectively. These limits are conservative and will gradually increase over time as the market grows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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