Magpie Community Endorses Radpie’s Economic Reforms

The Magpie community has presented a proposal titled ‘Radpie Support for Radiant Economic Reform Guidance,’ aiming to determine the group’s stance on Radpie’s RIP #19 proposal. This proposal seeks input from vlMGP holders regarding endorsing Radpie’s reform initiatives, which directly support Radiant Capital’s RFP-51 economic revamp. sparked by a security incident in October 2024. RFP-51 proposes various measures to address the event, including a dynamic reserve factor and a new revenue distribution model, among others. These reforms aim to restore trust, control RDNT inflation, and enhance the protocol’s resilience.