Welcome to the Enlightening. ⭐
A first of its kind, the Enlightening offers unparalleled prizes and thrills for those looking to take part. You may even find some familiar themes if you’ve been with us since Plutus’ Token Generation Event. We’ve gone all out to celebrate the launch of plsRDNT V2, and we hope you’ll join us and participate.
Let’s take a look and see what it’s all about!
What is The Enlightening?
The Enlightening is a 4-week event, which starts from the launch of plsRDNT V2. Over the 4-week period, users will be measured on how many dLP they convert to plsRDNT V2. With a leaderboard to match, we expect the competition to be fierce! The Enlightening would not be complete without lucrative prizes, so we’ve dug deep into our coffers. The prizes for the Enlightening may reach up to 150,000 esPLS in total — but only if certain criteria are met!
The top 100 converters will share a prize pool of 50,000 esPLS. The 50,000 esPLS will be shared between the top 100 converters equally. To be eligible for this prize, users must convert from dLP to plsRDNT V2. Converting from plsRDNT V1 to plsRDNT V2 does not count. We’ve created a leaderboard to track the top converters in real-time, ensuring you’ll always have up-to-date knowledge on how you rank against others. We expect some intense competition to top the leaderboard over the next 4 weeks!
However, the prizes don’t end there — if over 2M dLP tokens are converted to plsRDNT V2, all converters will share another 100,000 esPLS in rewards. Those converting from plsRDNT V1 to plsRDNT V2 are eligible to receive these rewards as well! It’s important to note that the 100,000 esPLS worth of rewards are weighted — meaning the more you’ve converted, the more you earn of the prize pool. In addition to users competing for top spots on the leaderboard to earn esPLS, this second portion of rewards also offers an attractive incentive for users to cooperate in cracking the 2M threshold. If enough dLP are converted, everyone’s rewards are supercharged!
As though that may not be enough, Radiant is airdropping 2,000,000 ARB tokens to users that lock dLP between the Snapshots detailed in this thread. We’ve confirmed with the Radiant team that as long as the conversions happen in the timeframes detailed above, converting dLP to plsRDNT V2 is also eligible for the airdrop! 🔥
Look Out For Launch This Week
We believe that plsRDNT V2 is an immense improvement over V1 in every way — stay tuned for its launch this week! To summarize — during the Englightening, users are eligible to earn rewards that may reach up to 150k esPLS in total. In addition, users can take advantage of Radiant’s own ARB airdrop for new conversions. Talk about a great deal! We’re extremely excited to see some fierce leaderboard action as users battle it out for spots to earn lucrative esPLS rewards and maximize their ARB airdrop from Radiant.
As a final note and reminder — for those concerned about the plsRDNT V2 exit pool ratio, we’ve implemented powerful buyback & burn mechanisms for plsRDNT V2 to help support the ratio while simultaneously growing the index. To learn more, please refer to this article. As usual, if you have any questions, don’t hesitate to jump into our Discord for more information!
