Radiant mentioned that Binance Investment did not forget to continue to build the ecosystem that night, and helped the ecological project @Radpiexyz_io to promote and open Space

Let’s calculate the profit from Radpie dlp Rush, plus the profit from using Binance to borrow RDNT for arbitrage.

Let’s start with the conclusion: This is an opportunity to achieve an absolute return of 10%-96% in about a month. The comprehensive understanding of DeFi is very demanding, dyor

(Converted to adult income: 120%-1152%)

Radpie dLP rush rights and interests:

- 3% airdrop of $RDP

- 45% share of $RDP IDO

- IDO’s first round of FDV 5M, accounting for 10% of the total supply

- IDO’s first round of FDV 10M, accounting for 10% of the total supply

FDV Commute=190M, RDNT=310M

Pendle similar products Penpie$PNP = 16M

Conservative assumption $RDP FDV = $10M, optimistic estimate $20M

Radpie dLP rush total return under conservative assumptions

3%*10+(10-5)*10%*45%+(10-10)*10%*45% = 525k

Under the optimistic assumption, it is

3%*20+(20-5)*10%*45%+(20-10)*10%*45% = 1.725M

The current first round of dlp rush airdrops 1.5% of RDNT, accounting for half of the total airdrop. Assuming that the number of dLP raised is also half, then the first round of income is half of the total income of 263k/863k

Currently $800k dLP has been raised, then the return is 33% / 108%

The dLP rush has been going on for 12/15 days. According to the final snapshot settlement, assuming a total of $1.2M is raised in the end, the return is 22%/72%

After dLP rush, dLP will be converted into mDLP, which can only be exited through selling in the secondary market. The exchange rate refers to the current mPendle/Penlde = 0.84, a loss of -16%

dLP rush will also reduce the dLP income in the same period, the current dlP ARP = 50%

According to Penpie’s experience, Radpie should be expected to be officially launched in about a month, then the absolute return will be about 4%

Based on the above conservative conditions, the income is: 22-16+4=10%

Based on the above optimistic conditions, the income is: 108-16+4=96%

The period is about one month

The current annualized borrowing rate using Binance Lending RNDT is 5%, so the income range is 9.5%-95.5%. If you don't want to use borrowing, you can also use spot buying contracts to short hedge.

dLP is a Balancer LP composed of 80% RDNT/20% ETH on Arbitrum, which is relatively in sync with the price of RDNT, and the impermanent losses are relatively small. The Pancake LP on BSC is 50% RDNT/50% BNB, but currently the number of people participating in dLP rush on BSC is relatively small, and the income is relatively high.

Although this is only the first round of dLP rush, according to Penpie’s experience, the income from participating in subsequent rounds is significantly different from the first round, and you may not be able to get the IDO quota, and most of the income will be lost.

Risk reminder: any of the following situations may result in lower-than-expected returns:

1. dLP de-peg is more serious than mPendle

2. The number of dLP rush fundraising is higher than expected

3. $RDP FDV lower than expected

4. If you use Binance lending, interest rates will increase, etc.