The Complete plsRDNT V2 User Guide
Welcome to the plsRDNT V2 user guide, where we’ll walk you through everything related to plsRDNT V2. We’ll be exploring the following topics, which will enable you to earn maximum rewards with plsRDNT V2! ⬇️
1) The various ways of obtaining plsRDNT V2 tokens and the difference between converting to plsRDNT V2 and buying from the LP
3) How to LP in the plsRDNT/RDNTWETH pool on Balancer
3) Staking on Aura for maximum rewards
How To Obtain plsRDNT V2 Tokens
There are currently three ways a user can receive plsRDNT V2 tokens.
- If you already have plsRDNT V1 tokens, you can convert them into plsRDNT V2 tokens on our plsRDNT V2 page here. Please refer to the image below for clarification on where the conversion is done. NOTE: this conversion is no longer 1:1 due to compounding in plsRDNTv2!
A new user without plsRDNT V1 tokens can convert their dLP tokens to plsRDNT V2 on the plsRDNT V2 page here. Please refer to the image below for clarification on where the conversion is done.
Important note: if the exit pool ratio is below 1, users stand to gain more plsRDNT V2 by buying from official Balancer pool instead of converting (see step 2).
2. Users can buy plsRDNT V2 tokens from the official plsRDNT/RDNTWETH Balancer pool here. It is strongly recommended to acquire plsRDNT V2 tokens through this method whenever the ratio of plsRDNT/RDNTWETH is not 1:1. Acquiring tokens from the pool when the ratio is under 1 means that users are getting more bang for their buck while supporting the health of the pool!
How To LP When You Have plsRDNT V2 Tokens
After acquiring plsRDNT V2 tokens, users can simply let them be to earn rewards, which are automatically compounded in to the index. However, users are encouraged to form an LP token between plsRDNT V2 and RDNT/WETH, which can then be staked on Aura for maximum rewards.
Important note: the plsRDNT/RDNTWETH pool is a core pool on Balancer. Core pools have multipled advantages. For example, ARB STIP incentives come at a 1.75x multiplier in Balancer’s system, 25% of pool yield is recycled and 25% portion of all non-core pool fees on Arbitrum are used to bribe for core pools. These will all further boost the yield for the LP!
Let’s look at how to create the LP token first!
- Head over to Balancer’s website through this link, where you can create a plsRDNT/RDNTWETH LP token.
2. Press ‘Add Liquidity’ to create an LP token consisting of plsRDNT V2 and RDNTWETH.
3. After adding liquidity, you should receive a confirmation regarding successfully adding liquidity. Congratulations!
Staking Your BPT Tokens On Aura For Maximum Rewards
Because Plutus’ plsRDNT V2 product uses the bribing architecture built around Balancer, Hidden Hand and Aura, users must stake their BPT tokens on Aura to receive maximum rewards. Users receive BPT tokens after adding liquidity to the plsRDNT/RDNTWETH LP pool on Balancer.
Important note: a user can also directly zap in to the Aura farm with plsRDNT or RDNT-WETH. If you do go through this route, please make sure you know what’s happening under the hood!
Let’s look at how to stake BPT tokens on Aura!
1. Find our plsRDNT pool on Aura through this link.
2. Approve, then deposit & stake your BPT tokens through the module on the right.
After staking your BPT tokens, you’re done! Now all that’s left to do is sit back and claim your rewards whenever you’d like from the ‘Claim’ page on Aura here: https://app.aura.finance/#/42161/claim
Rewards (apart from the plsRDNT V2 autocompounding rewards to the index) will show on this page in one easy-to-claim location. Over the coming days and weeks, expect to begin claiming rewards from the following sources…
- BAL rewards
- AURA rewards
- esPLS rewards from Plutus (will be adjusted based on pool TVL)
- A share of Radiant’s STIP rewards paid in ARB
- A share of Balancer’s STIP rewards
- Trading fees (accrued directly to the LP)
If even after reading this guide you have any questions, please don’t hesitate to reach out in our Discord for more clarification. Enjoy all the rewards! 🔥
