There are many tokens traded on the cryptocurrency exchange. It is almost impossible for investors to know about every token. At this point, reviews come into play. Radiant Capital crypto (RDNT) is also a curious token that doesn’t know much about it. In this article, we will review the curiosity about Radiant Capital crypto.
Radiant Capital Crypto Review – 2023
The lending protocol platform Radiant Capital runs on Arbitrum. The goal of this project is to develop a cross-chain lending platform that will let users interact with many blockchains while borrowing and lending money on the same platform.
Layer 0 is the foundation of Radiant, and the V1 version uses the dependable router interface provided by Stargate. Lenders might, as a result, swiftly relocate their collateral from one chain to another by removing it from the first.
The project’s development was entirely funded by Radiant’s founders and developers. So, no venture capital funding was used. The team has received a lot of feedback on how to improve the user experience for both borrowing and lending since the platform’s initial launch in July 2022. The team started developing Radiant v2 with exciting new features and capabilities in order to deliver the best omnichain platform available.
Features of Radiant Capital Crypto
Radiant Capital has many different features that stand out. Some of these features are listed below.
Borrowing
Users receive value from Radiant Capital thanks to its collateralized lending strategy. Particularly users are exempt from selling their holdings. Instead, they mortgage their assets to improve their liquidity and access to credit.
Borrowers are responsible for any fees and interest. The value of the borrower’s collateral cannot be less than the amount borrowed, according to the borrower’s guarantee. If this happens, their assets will be liquidated.
Lending
Users that give the market liquidity receive help from Radiant Capital. The borrowing feature of the platform benefits from this liquidity. A lender may specify which chains and at what allocation to send the assets when they want to withdraw their collateral.
1-Click Loop
By automating numerous deposit and lending cycles, Radiant Capital’s 1-Click Loop technology helps customers to optimize the value of their collateral. With time, several users invest more resources in the website. Consumers can develop liquidity more easily over time thanks to the Radiant Capital 1-Click Loop. To advance their goals, people can automate deposits rather than manually add to their contributions. Those that contribute in this way to the community may see a boost in their yield.
Tokenomics
RDNT token allocation is as follows:
- Incentives – Supply and Borrowers: 54%
- Incentives – Pool 2 (DAO Reverse): 14%
- Team: 20%
- Core Contributors and Ecosystem: 7%
- Treasury & LP: 3%
The maximum supply of RDNT tokens is 1,000,000,000,000, while the circulating supply is 197,027,746. It has a market cap of $197,027,746 and is trading at $0.3772 at the time of writing.
Who is the Founder?
The founder of Radiant Capital crypto is David Lloyd. Lloyd has over 25 years of senior industry experience. He provides independent manager services to hedge funds, investment management organizations, and investment committees.
Roadmap
In order to help Omnichain achieve its objective of being the largest lending protocol on Arbitrum, Radiant V2 was released in the first quarter of 2023. The platform’s roadmap details are as follows:
- For BTC, ETH, and USDC, cross-chain lending is possible.
- Changing the penalty for early withdrawal.
- Changing the RDNT awards and introducing the Dynamic Liquidity Pool
- The date by which prizes must be vested has changed (previously 28 days)
- Launching Island Game and allowing bots to take over other players’ spots.
As can be seen from the above listing, the planned roadmap for the token is extremely inclusive and offers many benefits to users.
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