Radiant Capital is a cross-chain borrowing and lending protocol built on LayerZero.
RDNT is the native token of the project, and is used in the following functions:
Activate Protocol Fees and Emissions: Radiant’s Dynamic Liquidity Providers (dLP) are able to:
Share platform fees captured in blue-chip assets such as Bitcoin, Ethereum, BNB, and stablecoins through borrowing interest, flash loans, and liquidations.
Receive incentivized RDNT emissions for lending and borrowing activity on the Radiant Protocol.
Radiant Capital offers a cross-chain borrowing and lending protocol with an innovative implementation called Dynamic Liquidity Provisioning (dLP). Here are some technical details and products:
Cross-chain interoperability: Radiant's protocol functions atop LayerZero, leveraging Stargate's stable router interface for seamless cross-chain transactions. This enables users to deposit any major asset on BNB Chain or Arbitrum and instantly borrow any major asset across LayerZero supported blockchains.
Decentralized Bounty System: Radiant Protocol users ensure that liquidity requirements for all users are met through a highly decentralized “bounty system,” which incentivizes directing emissions to the correct users and rewards long-term liquidity providers
Radiant Capital has received no outside investment to date. The DAO bootstrapped the project, and the token was fair-launched on Arbitrum in July 2022 via Sushiswap.
As of March 30th, 2023, the total and maximum supply of RDNT is 1,000,000,000 and the circulating supply upon listing will be 217,696,083 (21.77% of the total token supply).
Key metrics (as at March 30th 2023)
Initial Circ. Supply When Listed on Binance
217,696,083 (21.77% of total token supply)
Total and Maximum Token Supply
Binance Launchpool Allocation
15,000,000 (1.50% of total token supply)
Binance Launchpool Start Date
March 30th 2023
1. What is Radiant Capital?
Capital in DeFi is extremely fragmented across chains, evidenced by the dozens of different money markets, all with their own liquidity..
Radiant aims to be an omnichain money market where users can deposit any major asset on any major chain and borrow various supported assets across multiple chains, eliminating the need for silos of liquidity.
Radiant’s cross-chain interoperability functions using LayerZero messaging and Stargate's stable router interface. For example, lenders may reclaim their collateral and direct which chain to withdraw funds from and what percentage they’d like sent to each chain.
HRadiant aims to solve DeFi 1.0 issues of unpredictable and transient liquidity through its innovative Dynamic Liquidity Providers (dLP) and gated emissions.
1.1 Key Highlights
Consolidation of Fragmented Liquidity: The primary goal of the Radiant DAO is to consolidate billions in fragmented liquidity across multiple lending protocols and chains under one safe, user-friendly, and capital-efficient cross-chain protocol. This consolidation of fragmented liquidity is intended to enhance the overall DeFi ecosystem and create a more seamless experience for users.
Gated Emissions and Platform Fees: Sustainability is an important Key Performance Indicator to the Radiant DAO and thus, the protocol implemented a Dynamic Liquidity (dLP) mechanism which only enables incentivized RDNT emissions to dLP providers. Dynamic Liquidity Provisioners also share the utility of platform fees captured in blue-chip assets such as Bitcoin, Ethereum, BNB, and stablecoins through borrowing interest, flash loans, and liquidations.
Expanded Collateral Support: As the Radiant DAO expands its cross-chain functionality to additional chains, new collateral options will emerge with DAO-voted Loan-To-Value parameters and oracle usage.
Platform Fees Distribution
Source: Radiant Capital
Utility Flow Chart
Source: Radiant Capital
2. Token sales and economics
2.1 Token Distribution
1.50% of the total token supply
12.50% of the total token supply
Treasury & Liquidity Reserve
3.00% of the total token supply
56.00% of the total token supply
7.00% of the total token supply
20.00% of the total token supply
RDNT token allocation
3. Roadmap and Updates
3.1 Completed Milestones
Radiant Capital Fair Launches on Arbitrum
Radiant grows to #2 TVL project on Arbitrum
Radiant DAO Formation
Dynamic Liquidity Providers Achieve $5M in Fees
#1 Price/Fees Ratio Project in DeFi per TokenTerminal
Launch of Radiant v2
#1 TVL Balancer Pool on Arbitrum within 24 hours
Launch on BNB Chain
3.2 Current Roadmap
Expanded Oracle support
Ethereum Mainnet Deployment
Deployment on more chains
Abstracted repayments → repay on any chain
Full LayerZero Messaging support
3.3 Commercial and Business Development Progress
Stargate: Layer Zero / Stargate have cooperated with Radiant on many fronts since launch, including peer-reviewing Radiant’s smart contracts. Per Stargate’s snapshot proposal, the RDNT token will be supported as a bridgeable asset via their OFT bridge.
Lido Finance: Radiant Capital will support wstETH as part of the v2 deployment, and Lido will participate in a dual incentives program.