Radiant Capital Token Research Hub | RDNT information, history and analysis
Capital in DeFi is extremely fragmented across chains, evidenced by the dozens of different money markets, all with their own liquidity. This liquidity dispersion creates a suboptimal borrowing and lending experience.
Radiant aims to be the first omnichain money market where users can deposit any major asset on any major chain and borrow various supported assets across multiple chains. Radiant’s cross-chain interoperability functions using LayerZero messaging and Stargate’s stable router interface. For example, lenders may reclaim their collateral and can direct which chain to withdraw funds from and what percentage they’d like sent to each chain.
Currently, Radiant is the Lending project with the highest TVL and, ranked 3rd in the top projects with the highest TVL in the Arbitrum ecosystem, contributing significantly to Arbitrum’s TVL of nearly 2 billion USD.
RDNT is a native token of the Radiant Capital ecosystem, operating on Arbitrum according to ERC20 standard, and can be used to:
- Reward liquidity providers.
- Pay transaction fees, borrowing and lending fees on the platform.
- Users hold RDNT to participate in Radiant DAO governance.
In 2024, Radiant Capital faced two hacks, leading to a total loss of approximately 57.5 million USD. Efforts are ongoing to recover these stolen funds, including seeking partnerships and a second DAO vote to plan restructuring.
Despite their recovery initiatives, Radiant Capital struggles to regain community trust and ensure the future stability of their protocol. Upcoming strategic decisions will play a critical role in determining RDNT’s path forward.
The proposal is currently under voting, which is set to conclude on June 30, with a current approval rate of 99.54%.
The proposal seeks approval to accept USDe as a form of collateral and include it in the lending market within Radiant Capital’s Ethereum and Arbitrum deployments.
Token Spotlight: Radiant Capital (RDNT) and the advantages of DeFi trailblazers on Layer-2
RDNT features Click Looping (collateral leverage). This is a feature that allows users to generate a greater return on collateral value with up to 5x leverage.
In addition, Radiant also provides users with a feature to borrow assets in other chains through Stargate-based bridges.
Details: https://bit.ly/3P0lmNu.
Binance Labs invests $10 million in DeFi Lender Radiant
The venture capital arm of Binance has invested $10 million in Radiant Capital, a decentralized finance (DeFi) lending and borrowing protocol.
The new funds will go toward tech and product development, which includes expanding collateral and deployment on the Ethereum mainnet.