Hello Celo community, today I wanted to share with you a preview of what I’ve been working on for the last couple of months.
Radical is a web app that helps you grow your assets. It is powered by Celo and built on top of Uniswap v3 and v4. In this first release, we’re starting with support for earning yield on USDC and USDT on Celo. The app has been audited and it’s ready to accept deposits.
Assets deposited into Radical will compound yield daily, and are available for withdrawal at any moment.
You can start earning now by visiting this link: https://crypto.radicalfinance.xyz
What problem does it solve?
If you have tried to use some DeFi apps, you’ve probably noticed it is extremely messy. And after you’re set, it’s still difficult to tell if you’re breaking even or not. You have to navigate multiple hops, remember to claim fees manually and constantly adjust positions. Radical aims to make this whole process easy and automatic.
How does it work?
Radical is powered by custom smart contracts. It deposits USDC and USDT on behalf of the users in Uniswap v3 pools, picking an optimal range and auto-compounding regularly.
What yield can you get?
How much your assets will yield depends on a variety of factors, like total liquidity and trading volume on Uniswap. At the time of writing, it’s 8% APY. Because of how Radical optimizes deposits, it is expected to yield more than depositing directly on Uniswap for most individuals.
What’s next?
This is just the first iteration of many to come. Expect to see more assets supported and more integrations added.
All feedback welcome!
Feel free to leave a comment in this post with your thoughts, or reach out to me directly at celo.forum@radicalfinance.xyz.
Follow along
We’ll soon start posting updated to our X account. Stay tuned!
Acknowledgments
I’d like to thank Prezenti for having backed this project when it was just an idea, and the Celo Foundation, cLabs, and the Celo founders for their support to get here.
Volpe