The decentralized finance (DeFi) sector has transformed the cryptocurrency landscape by providing new opportunities for users to leverage their assets and earn passive income. While DeFi has existed for several years, it gained significant traction in 2020, attracting billions of dollars in investments. However, despite its immense potential, DeFi has its challenges. Radiant Capital (RDNT) is one project that aims to address these limitations and drive positive change within the DeFi space.
What is Radiant Capital?
Radiant Capital (RDNT) is a recently launched cryptocurrency project that emerged in mid-2022. Its primary objective is establishing an omnichain money market, enabling users to deposit their assets across prominent blockchain networks. By doing so, users can borrow various supported assets from different chains, enhancing cross-chain interoperability. Radiant Capital (RDNT) aims to push the boundaries of interoperability in the cryptocurrency space, providing users greater flexibility and access to a wide range of assets.
The Radiant Capital team
Radiant Capital is a project founded and developed by an anonymous team. Although limited information is available about the team members, their mission is clear: to address the issue of fragmented liquidity across various money markets and blockchain networks. The team aims to create a user-friendly and secure omnichain protocol that consolidates liquidity and enhances capital efficiency.
How does Radiant Capital work?
Radiant Capital achieves interoperability through LayerZero messaging and Stargate's stable router interface. This innovative approach enables borrowers to reclaim their collateral and choose the specific blockchain from which they wish to retrieve their funds. Users have granular control over their transactions, including the ability to specify the percentage of funds they want to allocate to each participating blockchain. This interoperable network allows users to seamlessly deposit and borrow assets across multiple blockchains, enhancing flexibility and accessibility.
Radiant Capital’s native token: RDNT token
RDNT is the native utility cryptocurrency of Radiant Capital, and it operates as an OFT-20 token. Within the ecosystem, RDNT serves various purposes, including facilitating cross-chain transfers. Participants can contribute utility to the platform by locking up their RDNT tokens, becoming dynamic liquidity providers. Participants receive rewards based on the number of tokens they choose to stake. Such rewards are paid in the form of RDNT tokens.
RDNT token tokenomics
The RDNT token was launched in July 2022, and the project has a maximum supply of 1 billion RDNT tokens. However, the circulating supply of RDNT is now 257.5 million tokens, representing approximately 26% of the total supply.
How to stake Radiant Capital?
Radiant Capital (RDNT) can be staked on various platforms, including OKX, which offers a 10% annual percentage yield (APY) for staking. With OKX Earn, users can redeem their staked tokens anytime, and rewards are distributed every 24 hours. The staking process is straightforward, requiring users to hold RDNT tokens in their wallets and stake them on compatible platforms to start earning rewards.
Radiant Capital token use cases
Radiant Capital's native token, RDNT, boasts a range of versatile use cases within the ecosystem. It plays a vital role in interest payments for borrowing, penalties associated with early exits, and RDNT emissions. Additionally, RDNT serves as a governance token within the project's decentralized autonomous organization (DAO). The DAO already supports more than 20 collateral options, and as the network expands its compatibility with additional chains, more options are set to be introduced.
Radiant Capital token distribution
Radiant Capital has a total token supply of 1 billion. The distribution of the token supply is as follows:
- Fifty-four percent of the tokens were allocated as incentives for borrowers and suppliers, to be released gradually over five years.
- Twenty percent of the tokens were allocated to the project's team, with a vesting schedule of five years and a three-month cliff.
- Fourteen percent of the tokens are allocated to the Radiant DAO Reserve.
- Seven percent of the tokens were allocated to core contributors and project advisers, with a vesting period of one and a half years.
- Three percent of the tokens were reserved for the Treasury and liquidity pools.
- Two percent of the tokens were emitted for Pool 2 liquidity providers between August 2022 and March 2023.
The future of Radiant Capital
Radiant Capital is an ambitious project aiming to achieve complete crypto interoperability. Its vision extends beyond simple cross-chain transactions and aims to enable borrowers to withdraw funds from any blockchain network at any given time. This innovative approach holds immense potential, particularly within the Web3 ecosystem, where Radiant Capital is set to play a significant role in advancing interoperability and unlocking new possibilities for decentralized finance.
