Radiant Capital Explained

Summary: ​Radiant Capital is a cutting-edge DeFi protocol supporting Ethereum, Arbitrum, and BNB Chain. It enables users to earn interest and borrow assets seamlessly across these blockchains. Focused on community-driven liquidity consolidation, it offers an efficient, user-friendly platform. Radiant ensures robust security through comprehensive audits and features RDNT Lockers for enhanced earning opportunities.

Its standout feature, the advanced omnichain money market in Radiant V2, underscores its dedication to user engagement and secure, cross-chain functionality. With significant value locked and a participatory community model, Radiant Capital is a key innovator in the DeFi sector.

What is Radiant Capital?

Radiant Capital is a DeFi protocol enabling users to earn interest and borrow assets across various blockchains. It's a community-driven platform aiming to consolidate liquidity from Web3 money markets into a single, user-friendly, and efficient protocol. The platform, trusted by over 28,000 holders, ensures top-tier security through audits by leading firms.

The protocol utilizes RDNT Lockers, where users lock $RDNT liquidity to earn from interest and flash loan fees, activating lending and borrowing of RDNT emissions. Users can accumulate tokens in blue-chip assets like BTC, ETH, BNB, and stablecoins. As a fully decentralized protocol, Radiant Capital empowers its community to submit, vote on, and implement proposals, shaping the platform's future.

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How Does Radiant Capital Work?

Radiant Capital operates as an advanced omnichain money market in the DeFi space, enabling users to seamlessly deposit and borrow assets across multiple blockchain networks. This is facilitated through its cross-chain interoperability, functioning on LayerZero and integrating Stargate Finance’s stable router interface in its version one (v1). This feature allows lenders the flexibility to reclaim their collateral from any supported chain and specify the percentage for fund withdrawal.

To ensure a secure and trustworthy experience for its users, Radiant places a strong emphasis on security. The platform is designed to resist oracle manipulation and has undergone comprehensive security audits by prominent firms including LayerZero, Stargate, PeckShield, Solidity, Zokyo, and Blocksec. These audits, covering both Radiant v1 and v2, underscore the platform's commitment to maintaining a high level of security and reliability in its DeFi offerings.

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What is Radiant V2?

Radiant V2 is an upgraded version of the Radiant platform, enhancing its cross-chain capabilities and user engagement. It features the transition of the ERC-20 RDNT token to the LayerZero OFT (Omnichain Fungible Token) format, facilitating smoother cross-chain fee sharing and native control over bridging contracts. This upgrade, developed in collaboration with LayerZero and Stargate, also aims to expedite launches on additional chains.

Addressing community feedback, Radiant V2 focuses on improving the utility exchange between lenders, borrowers, and the protocol, and refining the criteria for RDNT emissions based on the principle of "collective benefit." This version introduces significant changes in protocol mechanics, emissions, utility, and enhanced cross-chain functionality. Detailed insights into these updates are available in the Radiant V2 Part I and II articles on Medium.

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Radiant Capital Staking

Radiant Capital's native utility token, $RDNT, incentivizes users to provide utility as dynamic liquidity providers (dLP). Users lock dLP tokens to activate RDNT emissions on their deposits or borrows, and share in platform fees captured in blue-chip assets. Liquidity mining involves claiming $RDNT emissions, which can be instantly zapped into locked dLP tokens or vested for three months. 

Early vesting claims incur a penalty, distributed to the Radiant DAO reserve and the Radiant Starfleet Treasury. To continue receiving platform fees, dLP tokens must be re-locked after their one to twelve-month maturity period.

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Is Radiant Capital Safe?

Yes, Radiant Capital is considered safe and trustworthy. The platform has successfully passed rigorous audits conducted by top-tier auditing firms such as Zokyo, Peckshield, and Blocksec. These audits ensure the robustness of the platform's security measures. Furthermore, the trust in Radiant Capital's safety and potential is reflected in the over $400 million total value locked (TVL) in the protocol. This significant TVL indicates a high level of investor confidence and trust in the platform's security and potential for yield.

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Bottom Line

In summary, Radiant Capital emerges as a dynamic and secure DeFi protocol, enabling interest earning and asset borrowing across diverse blockchains. Emphasizing user-centricity and liquidity consolidation, it offers an accessible and efficient solution in the DeFi realm. Radiant's dedication to security is affirmed by comprehensive audits from top-tier firms, reflecting its trustworthiness. The significant value locked in the protocol demonstrates investor confidence and underscores its potential. With Radiant V2, the platform continues to innovate, addressing user needs and reinforcing its position as a leader in decentralized finance.