Operating on Arbitrum and Binance Smart Chain, Radiant Capital is one of the first decentralized lending protocols to operate across more than one blockchain network. Also, Radiant Capital’s total value locked has surpassed $1 billion, making it one of the largest lending protocols on Arbitrum.
Radiant Capital (RDNT) crypto asset is now listed on INDODAX on the Arbitrum network.
Interested in Radiant Capital (RDNT) and how to buy it? Learn more before investing by reading below!
About Radiant Capital (RDNT)
Radiant Capital is a decentralized borrowing and lending protocol enabling users to borrow digital assets across various blockchain networks such as Arbitrum and Binance Smart Chain.
The protocol utilizes LayerZero technology to facilitate seamless cross-chain transactions and incentivizes liquidity providers through its Dynamic Liquidity Provisioning (dLP) mechanism.
The native token of Radiant Capital is RDNT, which gives governance rights to its holders to participate in the protocol’s decision-making processes.
With strong performance and high TVL, Radiant Capital is a key player in the Arbitrum ecosystem and allows users to manage their assets across multiple blockchain networks easily.
For more information, visit the official website of Radiant Capital (RDNT) at https://radiant.capital/
Challenges, Opportunities, and Utilities
The current DeFi ecosystem faces several major issues. Radiant Capital provides several solutions to address these problems:
| Issue |
Solution |
| Liquidity is often fragmented across various protocols and blockchain networks, hampering market efficiency. | It consolidates fragmented liquidity into a single cross-chain protocol. |
| Users can only access liquidity available on a single blockchain, limiting their ability to utilize digital assets. | Radiant Capital enables users to deposit assets on one blockchain and borrow assets on another, improving liquidity access. |
| Interoperability between DeFi protocols remains low as protocols have difficulties interacting with each other. | It utilizes LayerZero technology to facilitate seamless cross-chain transactions. |
| Dependence on a single blockchain increases the risk of system failures. | Radiant Capital operates on more than one blockchain to reduce dependence on a single chain. |
| There are insufficient incentives to attract liquidity providers to contribute to protocols meaningfully. | It incentivizes liquidity providers through the dLP mechanism to boost participation. |
These issues pose challenges to the growth of the DeFi ecosystem. With these solutions, Radiant Capital aims to enhance efficiency, flexibility, and interoperability in the DeFi ecosystem.
Not only solutions, but Radiant Capital also offers several features:
- Consolidation of Fragmented Liquidity: The primary goal of the Radiant DAO is to consolidate billions in fragmented liquidity across multiple lending protocols and chains under one safe, user-friendly, and capital-efficient cross-chain protocol. This consolidation of fragmented liquidity is intended to enhance the overall DeFi ecosystem and create a more seamless user experience.
- Gated Emissions: Sustainability is an important Key Performance Indicator to the Radiant DAO, and thus, the protocol implemented a Dynamic Liquidity (dLP) mechanism, which only enables incentivized RDNT emissions to dLP providers. Dynamic Liquidity Provisioners also share the utility of platform fees captured in blue-chip assets such as Bitcoin, Ethereum, BNB, and stablecoins through borrowing interest, flash loans, and liquidations.
Apart from the solutions and features offered, Radiant Capital also has several uses, including:
- RDNT is used as a medium of exchange within the Radiant Capital ecosystem, allowing users to pay transaction fees and access services the protocol provides
.
- RDNT holders have the rights to participate in protocol governance by providing proposals, voting on proposals, and electing representatives. This gives token holders influence over Radiant Capital’s future development.
- RDNT can be staked to earn rewards in other tokens such as stablecoins, ETH, and WBTC. This provides a passive income stream for token holders.
- RDNT plays a role in incentivizing liquidity providers who contribute to Radiant Capital’s liquidity pools through the Dynamic Liquidity Provision mechanism.
Founder and Investor of Radiant Capital (RDNT)
Radiant Capital was founded in 2022 by an anonymous team focused on addressing liquidity fragmentation and interoperability challenges within the DeFi ecosystem.
In its development, Radiant Capital raised a total capital of $12,29M and was supported by Binance Labs and Arbitrum Foundation as its investors.
Crypto Asset Ranking Information
As of March 18, 2024, the CoinMarketCap ranking of Radiant Capital (RDNT) is #358, with a market cap of USD 157,599,296. It has a circulating supply of 462,286,973 RDNT and a maximum supply of 1,000,000,000 RDNT.
How to Buy Radiant Capital (RDNT) on INDODAX
Now that you’ve discovered more about Radiant Capital (RDNT), you can start investing in Radiant Capital (RDNT) easily and securely on INDODAX.
You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.
To buy Radiant Capital (RDNT) crypto asset on INDODAX, follow the steps below:
- Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
- Then, deposit by reading how to make a deposit below
- After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
- Search for RDNT in the IDR market, and click to visit the crypto asset page
- On the crypto asset page, enter the balance and desired RDNT purchase price, or buy instantly at the current price
- Next, you should wait for the price to increase for some time
- Once the price increases, your assets can be sold at a higher price with the Instant method
- If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number
INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.
Let’s invest in Radiant Capital (RDNT) on INDODAX now!
