What is Radiant Capital? Radiant Capital is a native protocol lending project built and developed on Arbitrum’s ecosystem. Radiant Capital aims for users to be able to borrow and lend cross-chain easily and conveniently with the support of LayerZero.
To understand more about Radiant Capital, people can refer to some of the articles below:
- What is Lending & Borrowing? The Essential Puzzle Piece in DeFi
- What is Omnichain? Advantages and disadvantages of Omnichain
- What is LayerZero? LayerZero Cryptocurrency Overview
- What is Arbitrum (ARB)? Arbitrum Cryptocurrency Overview
Overview of Radiant Capital
What is Radiant Capital?
Radiant Capital is a Lending Protocol (Lending – Lending) platform on Arbitrum. Besides, Radiant Capital aims to develop as a cross-chain lending platform, helping users borrow and lend on the same platform but interact with many different blockchains.
For example: You have BNB on BNB Chain and you want to participate in lending on Arbitrum, then Radiant Capital provides a bridge infrastructure provided by LayerZero to help bring BNB from BNB Chain over to Arbitrum as a wrapper asset ( can be wBNB) and with this wBNB users can deposit into Radiant to get passive income.
Radiant Capital aims to be the first Omnichain Money Market.
Radiant Capital’s Difference
In terms of product, Radiant does not have much difference from the Lending Protocol projects flooding the market. Users simply deposit their collateral to receive current interest rates. Radiant is accepting popular collateral types such as BTC, ETH, RDNT, USDT, USDC & DAI. Currently on the project’s discord there is also talk about Radiant v2, with the Radiant v2 version completely becoming a Cross-chain Lending & Borrowing thanks to the support of LayerZero and BNB Chain which is the first blockchain.
Having additional types of collateral will be voted on by Radiant’s community. Currently, most tokens still belong to the Core Team & VCs, so it is highly likely that the decision-making power will still lie with the project team.
Development Roadmap
- March 22, 2023: Radiant Capital introduces Radiant V2 with a focus on dLP (Dinamic Liqudity). Everyone can read the article Radiant Wars: The Next War on the Arbitrum Ecosystem After Pendle Wars to understand more about Radiant V2.
Core Team
Radiant Capital’s development team includes a number of members such as:
- George: CEO / Project Lead
- TOM: CTO / Lead Developer
- Aaron: CSO (Chief Strategy Officer)
- Liam: Operations Manager Roger – Marketing Manager
Besides, the dev team includes Khanh, Steve, Daniel, Ben, Alex. However, the project team remains anonymous.
Investor
- Initially, the project is developed, contributed, and voted on by the community, so there will be no participation from VCs, so of course there will be no Seed, Private,…
- July 20, 2023: Binance Labs makes a strategic investment in Radiant Capital with unclear information.
Tokenomics
Basic information about RDNT token
- Token name: Radiant Capital
- Code: RDNT
- Blockchain: Arbitrum
- Token classification: ERC – 20
- Total supply: 1,000,000,000
Token Allocation
- Incentives – Supply and Borrowers: 50%
- Core Contributors and Ecosystem: 7%
- Incentives – Pool 2: 20%
- Treasury: 3%
- Core Team: 20%
Token Realease
- Incentives for borrowers and lenders (simply Liquidity Mining program) accounts for 50% of project tokens to be paid in installments within 2 years.
- Incentives for Pool 2 account for 20% (this is the pool providing liquidity for the RDNT/WETH trading pair on Sushiswap) and are also paid in installments within 2 years.
- For those who make important contributions to the project and advisor, 7% will be paid in installments within 1 year.
- 3% for project Tresury and to carry away to provide liquidity.
- 20% for the core team with a 3-month lock-in period and installment payments over 1 year.
Going deeper into the mechanism when deploying Radiant’s tokenomics, there are a few highlights as follows:
- Rewards from the Liquidity Mining program will be vested gradually within 28 days. If users want to receive them immediately, there will be a 50% penalty.
- Those participating in RDNT staking will share in the project’s revenue and receive additional rewards from those who are penalized.
Exchanges
Currently, users can trade RDNT on exchanges such as Binance, Bitget, BingX, OKX, Gate.io,…
Project Information Channel
- Website: https://radiant.capital/
- Twitter: https://twitter.com/RDNTCapital
- Telegram:
Summary
Being the leading project in the Lending & Borrowing segment on Arbitrum combined with LayerZero’s latest technology, will Radiant be successful in the upcoming Multichain journey? Hopefully through this article everyone can understand more about what Radiant Capital is?
