✨Radiant Capital
Information About Radiant
Last updated
Information About Radiant
Last updated
Radiant Capital is an omnichain money market platform designed to address the fragmentation of liquidity in the DeFi landscape. Radiant's innovative solution is to allow users to deposit any major asset on any major chain and borrow various supported assets across Arbitrum and BNB Chain. This offers a seamless experience for users to borrow and lend.
RDNT is the governance token of Radiant.
Dynamic Liquidity Provisioning (DLP) is a unique feature of Radiant. It's designed to attract long-term liquidity and reward participants who align with the protocol's success. In order to get dLP users can ZAP ETH or BNB on Radiant o can lock RDNT-BNB / RDNT-ETH liquidity dLP on BNB Chain. dLP participants can access the governance of Radiant.
Deposits and Locking of dLP Tokens: To become a Dynamic Liquidity Provider (dLP) in Radiant Protocol, users first must deposit their assets into the protocol. Then they lock a certain amount of dLP tokens (RDNT-BNB), which are liquidity tokens obtained from the deposited assets. Radiant Protocol requires a minimum of 5% locked dLP tokens relative to the size of the user's deposit (in USD terms) to activate RDNT emissions.
Activation of RDNT Emissions: Once users lock the required amount of dLP tokens, the protocol activates RDNT emissions on their deposits and borrows. The RDNT token is Radiant's native utility token and these emissions incentivize dLPs to contribute to the protocol.
Locking Period and Rewards: The process of locking dLP tokens lasts between one to twelve months and must be re-locked after maturity to continue receiving platform fees. The dLPs also receive a portion of the utility of platform fees captured in blue-chip assets such as Bitcoin, Ethereum, BNB, and stablecoins from borrowers paying loan interest, flash loans, and liquidation fees.
Incentivized Participation: DLP encourages long-term participation in the Radiant Protocol by providing incentives in the form of RDNT emissions and a part in platform fees. This allows dLPs to earn rewards simply by providing liquidity.
Attraction of Liquidity: The promise of RDNT emissions and platform fees can attract more liquidity providers, leading to more robust and stable markets within the Radiant Protocol.
Governance Power: dLP tokens provide governance voting power, allowing dLPs to contribute to the decision-making and development of the Radiant Protocol ecosystem.
Radpie has identified several areas where it can help provide a more efficient DeFi experience for users while supporting Radiant's long-term development at the same time.
No Lockup Requirement to boost yields: The necessity to lock a minimum of 5% of the deposited amount in dLP tokens to get RDNT emissions and increased protocol fees may deter some users who prefer more flexibility with their assets. Radpie allows users to earn boosted rewards for active participation without the need for them to lock any dLP
Lockup Duration: dLP are locked for a period of one to twelve months, which means that dLPs cannot freely access these assets during this period. If market conditions change, they may not be able to react swiftly. Radpie allows dLP holders to easily sell their dLP without any vesting through mdLP.
Cost-Effective Governance Power: Radiant voters can potentially acquire governance power efficiently through Radpie.
dLP support: By locking dLP on Radiant, Radpie possitively impacts the long-term sustainability development of Radiant.
