Radiant Capital is a decentralised lending protocol built on Layer Zero. It strives to be the first omnichain money market that allows users to lend and borrow crypto across multiple blockchain networks quickly and seamlessly. Investors on the platform can deposit their assets and receive interest for locking, vesting and lending their assets. Borrowers can withdraw crypto against collateralised assets without selling their holdings or closing their positions via the platform.
Radiant Capital (RDNT) is the network’s native utility token. RDNT is used for RDNT emissions, early exit penalties and borrowing interest charges. RDNT token holders are given participation rights to govern the protocol.
The market cap of RDNT now stands at about $84 million, with over 263 million RDNT tokens in circulation (as of mid Mayl 2023). RDNT’s all-time high (ATH) price peaked at $0.58 in September 2022 and is now trading at about $0.32. (as of mid May 2023).
Radiant Capital (RDNT) is available on the Matrixport app; alongside other blue-chip cryptocurrencies like Bitcoin (BTC), Ether (ETH), stablecoins (USDT, USDC and BUSD), and many more. Users can deposit, withdraw and transfer RDNT on the app.
Matrixport is one of the world’s largest and most trusted digital assets ecosystems providing one-stop crypto financial services to meet the emerging needs of generating long-term wealth in digital assets. It forges strategic collaborations with early-stage Web3 innovators, helping them build, grow and scale and the company’s services include Cactus Custody™, spot OTC, fixed income, structured products (including Dual Currency), lending as well as asset management.
With USD4B in actively managed digital assets, Matrixport achieved a pre-money unicorn valuation in 2021 and was named by CB Insights as the 50 most promising blockchain companies in the world in 2022. Its digital prime brokerage business, Matrixport Institutional, serves 500+ institutions across the US, Europe and Asia, offering best-in-class access, leverage, capital Introduction and custody services. Headquartered in Singapore, the company holds a Hong Kong Trust Company License and a Swiss FINMA SRO-VQF Membership.
About Radiant Capital (RDNT)
Founded in 2022 by a team of developers, Radiant Capital aims to unite the fragmented liquidity across multiple blockchains under one omnichain protocol. The Radiant Capital protocol is decentralized and managed by the Radiant DAO, a community of RDNT token holders. As of March 2023, Radiant Capital is live on Arbitrum and BNB Chain.