What Is Radiant Capital? Information About RDNT Token

Table of Contents

What is Radiant Capital?

Radiant Capital is a multi-chain lending & borrowing protocol built on the Arbitrum Layer-2 chain, allowing users to lend and borrow assets across different chains seamlessly and smoothly.

Radiant Capital’s interface

With the goal of becoming an advanced omni-chain Money Market, Radiant enables users to lend and borrow assets across multiple chains through cross-chain interoperability, which is built on LayerZero via the Stargate interface.

Main Products of Radiant Capital

The main products of Radiant Capital include Borrow and Lend:

In the “Lend” product, lenders provide liquidity by depositing their assets into the protocol to earn interest rates and $RDNT rewards. Currently, Radiant supports 5 types of assets including $DAI, $USDC, $USDT, $ETH and $WBTC.
In the “Borrow” product, borrowers collateralize their assets to borrow the coins they want. Like lenders, borrowers also earn $RDNT rewards but will have to pay interest rates on their loans.

One small note is that the rewarded $RDNT tokens have a 28-day vesting period. If users want to withdraw earlier, they will incur a 50% penalty fee on the total rewarded amount. This penalty fee will be redistributed to other users.

Related: What is Arbitrum?

Radiant Capital’s Revenue

All fees from interest rates (paid by borrowers) and penalty fees (for early reward withdrawals) are split into two portions:

50% goes to the Lenders
50% goes back to the protocol, which will be allocated to RDNT Vesters, Lockers and Liquidity Providers for the RDNT-WETH Pool 2.

Radiant Capital’s revenue sources. Source: Radiant Documentation

Radiant’s revenues have been growing recently, surpassing $300k per week.

Radiant’s weekly revenue. Source: Defillama

Key Features of Radiant Capital

Looping

The looping feature allows auto-repeating of the collateral and borrow process with up to 5x leverage.

Looping feature

Bridge

After collateralizing assets, users can directly borrow other assets across chains like USDC and USDT via the integrated Stargate interface on Radiant. Currently applied for the USDC and USDT pair.

Borrowing assets on other chains via the integrated Stargate interface

Unlike many other DApps, Radiant also has Vietnamese language support which helps with accessibility and affinity with Vietnamese users. Although launching after AAVE on Arbitrum, Radiant has developed and attracted TVL quite quickly and is currently leading lending on this layer.

What is the RDNT token?

Basic Information

Token Name: Radiant Token
Ticker: RDNT
Blockchain: Arbitrum
Token Contract: 0x0C4681e6C0235179ec3D4F4fc4DF3d14FDD96017
Token Type: Utility
Total Supply: 1,000,000,000 RDNT
Circulating Supply: 353,143,558 RDNT (as of Nov 2, 2023)

Use Cases

RDNT Token has the following use cases:

Used to reward lenders/borrowers/stakers
Governance of Radiant DAO through locked RDNT
During RDNT lockup period, users receive a portion of protocol fees

Token Allocation

RDNT has the following allocation:

Incentives – Supply and Borrowers: 50%
Incentives – Pool 2: 20%
Team: 20%
Core Contributors and Ecosystem: 7%
Treasury: 3%

Vesting schedule

RDNT Token Vesting Schedule

According to plans, the RDNT token will be fully unlocked in July 2027.

Buying and Storing RDNT Tokens

Users can utilize the following methods:

Centralized exchanges (CEX): Binance, OKX, Gate, MEXC, BKEX, Bitget
Decentralized exchanges (DEX): UniSwap (Arbitrum), Trader Joe v2 (Arbitrum), SolidLizard…

Reliable RDNT token wallets: Users can store RDNT tokens on any wallet that supports the Arbitrum network. Some reliable options include: Coin98 Super App, Metamask, Trust Wallet.

Development Team

Development Team

The above shows the development team of Radiant Capital, but detailed personal information is not publicly disclosed.

Funding round, Investors and Partnerships

– July 2022: Raised $10M from Binance Labs

– October 2023: Received a $2.2M grant from Arbitrum Foundation

Roadmap

July 2022: Radiant Capital officially launched on Arbitrum

2023: Radiant V2 launch with upgrades:

Cross-chain lending/borrowing for BTC, ETH and USDC
Changes to early reward withdrawal penalties
Dynamic Liquidity Pools and RDNT reward changes
Vesting period changes
Island Game launch
Official launch on BSC
Launch on Ethereum

Interface on Ethereum network

Competitors

Some competitors in the lending/borrowing space with Radiant include:

Arbitrum: AAVE, dForce
Other ecosystems: Compound, Venus, Solend, etc.

Conclusion

Through this overview of the Radiant Capital (RDNT) project, coinnet hopes readers will grasp the basic information about this project to make their own investment decisions. Wishing you successful investments!