adiant Capital launched in mid-2022 on the Arbitrum blockchain with a mission to become “The Central Bank of Decentralised Finance” available to every user across every blockchain. Let’s find out how they’ll do this.
The Radiant Capital protocol is the first ever Omnichain hosted on the superior Arbitrum blockchain and is a borrowing/lending protocol which allows users to earn mouth-watering yields. The Omnichain allows users to transfer assets between chains, hassle-free!
How does Radiant Capital work?
The protocol uses the stable router interface of Stargate, another Omnichain but home to the Ethereum network. Radiant Capital will allow users to deposit any Crypto from any major blockchain, which users can then borrow without the need for a middleman.
Borrowing and Lending
At the heart of Radiant Capital is Borrowing & Lending, so let me break down how both Lenders & Borrowers can reap beautiful rewards on the Radiant Capital platform:
This is without a doubt one of the most popular ways to earn a passive income within DeFi. Users who deposit and provide liquidity within the protocol will earn up to 3.68% APY depending on the token.
Users who borrow, obtain access to capital without having to sell the original asset and won’t face capital gains tax, that’s a big bonus.
Radiant Capital is perfect for those who want easy access to liquidity within the BNB Chain and Arbitrum networks.
Why use Radiant Capital?
There is no deadline to pay back your loan, so once you’ve leveraged the capital you can pay the original back at any time!
Radiant Capital rewards Borrowers, Lenders & LP Providers who interact and provide utility to the platform by allowing the community to engage with other rewarding features such as Vesting & Locking which you can earn an extra 53.2% APR…
All the rewards and yield you receive on the platform will be the native token RDNT of which you can re-enter back into the platform to earn yet again, more yield or swap RDNT for ETH or Fiat, the choice is yours.
Radiant Capital Bridge
Available on the platform is a super-speed cross-chain bridge between both the BNB Chain and the Arbitrum network. This is all thanks to the Layer Zero protocol which provides superior interoperability.
Users can bridge RDNT tokens back and forth, seamlessly with as little as 2 clicks!
Radiant Capital Governance
As a community-focused protocol, users can participate in the governance of the Radiant DAO protocol by locking up RDNT tokens. The community is given the responsibility to develop the DAOs ecosystem and create or vote on proposals for the future of the protocol.
Binance x Radiant Capital
Huge news! Binance Labs has invested $10M into Radiant Capital and also listed the RDNT token! As we all know, Binance is one of the biggest fishes in the crypto pond. This will do wonders for RDNT and the protocol, especially in the next bull run.
There is obviously a lot of potential. Enjoying the perks of DeFi has never been so easy, thanks to Radiant Capital.
Radiant Capital Token (RDNT)
We have already discussed how RDNT can be used for Borrowing & Lending, Bridging and participating in Governance. However, it also has another superior utility where users can lock up their RDNT tokens to earn revenue from interest and flash loan fees on the platform!
Those who lock up RDNT liquidity will also gain access to boosted emissions which enables lending and borrowing RDNT emissions. The best part is, you get to choose your form of payment, either in BTC, ETH, BNB or Stablecoins!
How to Buy Radiant Capital (RDNT)
The RDNT token is available on the Arbitrum network and the BNB Chain as well as a few major centralised exchanges.
There are two main ways to buy RDNT, but the best option is to buy and hold the Radiant Capital token on a DeFi wallet:
Option 1- Centralised Exchange
The RDNT token is available on Binance, ByBit, Kucoin, OKX and Gate io, we have included a few that are available to purchase RDNT, as well as a few alternative CEXs.
We recommend getting Ethereum ETH using one of these centralised exchanges and then sending your ETH to an Arbitrum DeFi wallet where you can swap ETH for RDNT. However, you can also send $BNB to your BCS Wallet and get RDNT from there also and send across chains, as mentioned:
- Binance - The most popular CEX in the world
- ByBit - EARN UP TO $30K in DEPOSIT BONUSES
- BitGet - Trade on BitGet and receive 0% Deposit Cashback + $5,000 DEPOSIT BONUSES
- Coinbase - Spend $100 and Get $10 back!
Option 2 - DeFi Wallet & Decentralised Exchange
To get started you will need a DeFi wallet and make sure to secure your seed phrase with a hardware wallet (Trezor):
If you are buying RDNT through your DeFi wallet, you must use Arbitrum or the BNB Chain which requires ETH or BNB tokens for gas fees. If you haven’t set up the BNB Chain & Arbitrum Metamask networks, follow our Youtube tutorials below. Here are the essential links:
You will be set up and ready to go in under 10 minutes!
How to use Radiant Capital
If you are interested in utilising Radiant Capital’s superior DeFi products, you can follow our step-by-step guide on YouTube, which shows you how to Borrow, Lend and use the Radiant Capital bridge.
Radiant Capital is determined to attain $22 Billion of liquidity across the top 10 major blockchains and become what they are destined to be, The Central Bank Of DeFi.
At the time of writing, the RDNT token is sitting at a price of $0.25 with a market cap of $73M. The RDNT token has not been around that long and has recently set an ATH of over $0.49 and reached a market cap of roughly $121M!
There are many more protocols within the Arbitrum ecosystem that I will dive into, however, Radiant Capital is one of the leading protocols within Arbitrum’s network and amongst the greatest protocols built upon Layer Zero.