Radiant Capital
--
RIZ Vaults - Important Update
Following the recent vault redeployment and a thorough review, the decision has been made to rework the RIZ vaults in the future.
This decision is based on the vaults’ limited utility in their current state. With only a few active RIZ markets, there’s little incentive for users to deposit into the vaults beyond an attractive APR. However, the current APY remains low due to the small number of RIZ markets, making RDNT emissions the only use-case.
Due to the vaults' infrastructure, these RDNT emissions were being distributed to depositors without enforcing dLP eligibility requirements, allowing anyone who deposited to receive them. This approach was deemed inefficient, unsustainable, and unfair to those who lock dLP.
Current Challenges:
🔻No requirement for a dLP lock
🔻High maintenance costs
🔻Limited number of RIZ markets
🔻Bot allocates assets based on fixed percentages
Planned Improvements:
🔺RIZ Vaults will actively seek the highest yields within RIZ Markets
🔺Streamlined and automated maintenance
🔺Adding dLP lock requirement
The feature is expected to be improved in the future and release as RIZ Vault 2.0, while the current focus will shift to expanding RIZ market listings. Until then, the vaults will remain available but will no longer be displayed in the UI.
Users with vault deposits affected by the October incident can now use the latest checker to verify accuracy (Balance Checker: https://t.co/SyP1cEzZgl). A detailed post-mortem covering this process will be shared soon.
Thank you for your continued support and patience.
Following the recent vault redeployment and a thorough review, the decision has been made to rework the RIZ vaults in the future.
This decision is based on the vaults’ limited utility in their current state. With only a few active RIZ markets, there’s little incentive for users to deposit into the vaults beyond an attractive APR. However, the current APY remains low due to the small number of RIZ markets, making RDNT emissions the only use-case.
Due to the vaults' infrastructure, these RDNT emissions were being distributed to depositors without enforcing dLP eligibility requirements, allowing anyone who deposited to receive them. This approach was deemed inefficient, unsustainable, and unfair to those who lock dLP.
Current Challenges:
🔻No requirement for a dLP lock
🔻High maintenance costs
🔻Limited number of RIZ markets
🔻Bot allocates assets based on fixed percentages
Planned Improvements:
🔺RIZ Vaults will actively seek the highest yields within RIZ Markets
🔺Streamlined and automated maintenance
🔺Adding dLP lock requirement
The feature is expected to be improved in the future and release as RIZ Vault 2.0, while the current focus will shift to expanding RIZ market listings. Until then, the vaults will remain available but will no longer be displayed in the UI.
Users with vault deposits affected by the October incident can now use the latest checker to verify accuracy (Balance Checker: https://t.co/SyP1cEzZgl). A detailed post-mortem covering this process will be shared soon.
Thank you for your continued support and patience.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.