Radiant Capital submitted a new proposal to apply for up to 3.36 million ARB as a strategic grant from Arbitrum DAO

Odaily Planet Daily News Cross-chain lending protocol Radiant Capital has submitted a proposal to Arbitrum DAO to obtain a strategic grant to further promote the growth of the ecosystem. The proposal builds on Radiant’s recent successful ARB airdrop campaign on Arbitrum, which resulted in a 67% increase in RDNT holders and a 19% increase in TVL. Radiant applies for a funding range of 52,126 to 3,359,302 ARB through the proposal to expand its influence in the following three core areas: 1. Sticky liquidity: through its proprietary long-term dynamic liquidity supply (dLP) mechanism, new and old users are encouraged to participate in the ARB airdrop; 2. Ecosystem enrichment: Cooperation plans with existing protocols such as GMX, Camelot, Dopex, and Plutus, aiming to diversify liquidity pools, enhance lending options, and cultivate a robust options market; 3. Future integration: As Radiant is about to be launched on the Ethereum mainnet and expand its influence on the BNB chain, this fund will attract a wider user group to join Arbitrum. If the proposal is approved, Radiant will track KPIs such as incremental TVL, whitespace users, total user growth and sequencer revenue generated through the plans executed in the proposal. It is reported that Radiant is building a full-chain currency market on Layer Zero and Stargate to promote seamless lending of cross-chain assets.