Radiant Capital is a cross-chain borrowing and lending platform that allows users to borrow and lend assets across multiple blockchains. It utilizes LayerZero's omnichain protocol to enable seamless and secure transactions across different blockchain networks, aiming to consolidate liquidity and enhance interoperability.
Radiant Capital operates by leveraging LayerZero's technology for cross-chain interoperability, allowing users to deposit assets on one blockchain and borrow assets across others. The platform uses smart contracts that have been extensively audited for security. It incorporates Dynamic Liquidity Provisioning (dLP) to incentivize liquidity providers, offering platform fees and RDNT token emissions.
Radiant Capital has multiple use cases in the DeFi industry, including:
Radiant Capital was founded in 2019 with the aim of bridging traditional finance and digital assets through blockchain technology. It was launched on July 24, 2022, and has since grown significantly, with an increase in token holders and total value locked. The platform plans to roll out a v3.0 upgrade to introduce dual emissions and further business development opportunities in 2024.