The Magpie community has proposed a significant economic reform for Radiant Capital, titled "Radpie Support for Radiant Economic Reform Guidance." This proposal seeks input from vlMGP holders to determine whether to endorse Radpie's RIP #19 proposal, which supports Radiant Capital's RFP-51 economic reform. The reform aims to address issues arising from a security incident in October 2024.
*Key Components of the Reform:*
- *Dynamic Reserve Factor*: Aims to enhance protocol resilience
- *New Revenue Distribution Model*: Seeks to restore trust and reduce RDNT inflation
- *Weighted Emission Allocation System*: A new system for allocating emissions
- *Radiant Guardian Fund*: Established to enhance protocol security and stability
The goal of these initiatives is to :
- Restore trust in the Radiant Capital protocol
- Reduce RDNT inflation
- Enhance the overall resilience of the protocol
By implementing these reforms, Radiant Capital aims to improve its economic stability and security, ultimately benefiting its users and stakeholders.
