Radiant Capital is a lending protocol operating on the Arbitrum Layer 2 chain. It aims to become the first omnichain money market, allowing users to borrow and lend assets across multiple blockchains. This article provides a comprehensive overview of Radiant Capital, including its products, key features, tokenomics, and roadmap.
Table Content:
Source: Radiant Capital Website
Radiant leverages LayerZero technology through Stargate’s interface for cross-chain interoperability. This allows lenders to withdraw their funds on any supported blockchain.
Products and Revenue
Product: Money Market
As a lending and borrowing platform, Radiant’s core product is its money market. Lenders deposit assets to earn interest and RDNT token rewards. Borrowers deposit collateral to receive rTokens (representing the deposited assets) and then borrow their desired cryptocurrency while paying interest. Currently, borrowers also receive RDNT token rewards.
Borrower Interface
All RDNT token rewards, whether from lending, borrowing, or providing liquidity, are subject to a 28-day vesting period. Early withdrawals incur a 50% penalty, with the forfeited amount redistributed to users locking their RDNT.
Revenue
Radiant’s revenue streams consist of borrowing interest and early withdrawal penalties. This revenue is split: 50% goes to lenders, and 50% goes to the protocol, allocated to RDNT vesters, lockers, and liquidity providers for the RDNT-WETH pair in Pool2.
Radiant Capital Revenue Streams. Source: Radiant Documentation
Recent growth has seen Radiant’s weekly revenue surpass $100,000.
Radiant Weekly Revenue. Source: Token Terminal
Key Features
Looping
Radiant’s looping feature automates the collateralization and borrowing process, offering leverage of up to 5x.
Looping Feature
Cross-Chain Borrowing
After depositing collateral, users can borrow assets directly on other supported chains through Radiant’s integrated Stargate interface. Currently, this functionality is available for USDC and USDT.
Cross-Chain Borrowing via Stargate Integration
Radiant’s multilingual support, including Vietnamese, enhances accessibility and user experience. Despite launching after AAVE on Arbitrum, Radiant has rapidly gained traction and currently leads in Total Value Locked (TVL) among lending protocols on the network. The following image compares Radiant Capital and AAVE V3 on Arbitrum.
Radiant Capital vs. AAVE on Arbitrum
RDNT Token
RDNT is the native token of Radiant Capital.
Key Metrics
- Token Name: Radiant Token
- Ticker: RDNT
- Blockchain: Arbitrum
- Token Contract: 0x0C4681e6C0235179ec3D4F4fc4DF3d14FDD96017
- Token Type: Utility
- Total Supply: 1,000,000,000 RDNT
- Circulating Supply: 208,636,984 RDNT
Use Cases
- Rewards for lenders, borrowers, and stakers
- Governance of the Radiant DAO through locked RDNT
- Revenue sharing for users locking RDNT
Token Allocation
RDNT Token Allocation
Release Schedule
RDNT Token Release Schedule. Source: Radiant Capital
Token Sale
Radiant Capital did not conduct a token sale.
How to Buy RDNT
RDNT can be purchased on centralized exchanges (CEXs) like Gate, MEXC, BKEX, and Bitget, and decentralized exchanges (DEXs) like UniSwap (Arbitrum), Trader Joe v2 (Arbitrum), and SolidLizard.
Wallets
RDNT can be stored in any wallet supporting the Arbitrum network, including Coin98 Super Wallet, Metamask, and Trust Wallet.
Roadmap and Updates
- July 2022: Radiant Capital launched on Arbitrum.
- Q1 2023: Radiant V2 launched with enhancements for its omnichain vision, including cross-chain lending/borrowing for BTC, ETH, and USDC, revised early withdrawal penalties, a Dynamic Liquidity Pool, adjusted RDNT token rewards, changes to the vesting period, and the introduction of the Island Game for liquidations.
Radiant V2 Interface Preview. Source: Radiant Capital
Team
The project has not publicly disclosed team member photos, but the core team includes George, Tom, Aaron, Liam, and Roger. Developers include Khanh, Steve, Daniel, and Roy.
Investors and Partners
Investors and Funding Rounds
Radiant Capital is entirely bootstrapped and has not conducted any private sales, IDOs, or received venture capital funding.
Partners
Radiant’s primary partner is LayerZero. The team collaborates with LayerZero Labs on smart contract audits and has integrated Stargate to achieve its omnichain goals.
Similar Projects
Similar lending and borrowing projects include AAVE and dForce on Arbitrum, and Compound, Venus, and Solend on other ecosystems.
