The world of decentralized finance (DeFi) continues to develop rapidly, and amidst emerging innovations, Radiant Capital (RDNT) stands out as one of the promising projects. Based on Coinmarketcap.com data on December 19 2023, Radiant Capital (RDNT) is ranked 336th globally with a market capitalization of IDR 1.6 trillion and daily volume reaching IDR 294 billion. In this article, we will find out what Radiant Capital is, how it works, its features, and its future growth potential.
What is Radiant Capital
Radiant Capital is a DeFi platform that aims to address the problem of liquidity fragmentation that occurs in many blockchain networks . Using LayerZero technology and the Stargate interface, Radiant Capital allows users to borrow and deposit assets across multiple blockchains.
How Radiant Capital Works
The way Radiant Capital works is by using advanced blockchain infrastructure to ensure safe and efficient transactions. Radiant Capital utilizes LayerZero technology for cross-chain transactions, making it easier for users to deposit and lend crypto assets across various chains.
LayerZero itself is a protocol that facilitates interaction between smart contracts on various blockchains, helping to overcome interoperability issues in the crypto industry.
Additionally, Radiant uses the router's stargate stable interface for asset transfers, allowing users to reclaim their collateral and define a chain for withdrawing funds.
Some of the key features of Radiant Capital include:
- Dynamic Liquidity Provisioning (dLP): This is a mechanism that ensures efficient liquidity for borrowers, by allocating liquidity based on market demand. It also provides incentives to liquidity providers in the form of platform fees and RDNT token emissions.
- ZAP dLP: This feature allows efficient allocation of assets across multiple liquidity pools, making the process of providing liquidity easier for users.
- RDNT Vesting: This is a dLP token locking mechanism, which serves to encourage long-term commitment and maintain the health of the Radiant Capital ecosystem.
Tokenomics and Use of RDNT Token
RDNT has a total supply of 1,000,000,000 tokens. RDNT not only serves as a transactional token within the Radiant Capital ecosystem, but also plays a critical role in the governance and incentivization mechanisms within the network. These tokens are used for various purposes, including staking and participation in governance decisions.
Below are the details of the RDNT token allocation.
- 49% is issued as incentives to suppliers and borrowers, which are granted over five years
- 19% for teams, released over five years, with a three-month lag (10% of team allocations are locked at the start of the protocol and unlocked at the 3-month lag)
- 17% allocated to Radiant DAO Reserve
- 7% allocated to core contributors and advisors, released over a year and a half
- 6% is reserved for the Department of Finance & L.P
- 2% is issued for Group 2 liquidity
Conclusion
Radiant Capital (RDNT) is an innovative project in the DeFi world, standing out for its approach to addressing liquidity fragmentation between blockchains. By using LayerZero technology and the Stargate interface, this platform makes it easy for users to make loans and deposit crypto assets on various blockchains.
Its features such as Dynamic Liquidity Provisioning (dLP), ZAP dLP, and RDNT Vesting, along with RDNT tokenomics designed to support the ecosystem, demonstrate RDNT's immense potential in enriching the DeFi sector. Despite the risks inherent in trading crypto assets, Radiant Capital offers exciting prospects for investors and crypto enthusiasts, thanks to its innovative omnichain approach.
How to Buy RNDT Tokens on Bittime
After reading a complete review of what Radiant Capital is, are you interested in buying and investing in this crypto project? You can buy RDNT tokens on the best crypto exchange platforms in Indonesia, one of which is Bittime. RDNT is available on Bittime in the RDNT IDR pairing.
To be able to buy RDNT tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance to buy RDNT/IDR tokens. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase RDNT in the application.
Monitor today's price chart movements of Radiant Capital (RDNT), Bitcoin, Ethereum, Solana and other cryptos to find out trends crypto market today in real-time in Bittime.
Also Read: More Complete Guide on How to Buy RDNT on Bittime
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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