| General information | |
|---|---|
| Global rank: | 393 |
| Name: |
Radiant Capital |
| Symbol: | RDNT |
| Current coin price (BIF): | 239.15 FBu |
| Last hour: | arrow_upward0.730 % |
| Last 24 hours: | arrow_downward-2.72 % |
| Last 7 days: | 5.37 %trending_up |
| Capitalisation (BIF): | 270 311 218 385.82 FBu |
| Volume 24h (BIF): | 62 480 855 005.83 FBu |
| Available supply: | 1 130 321 370.00 RDNT |
| Total coin supply: | -1 RDNT |
| Start date: | 2023-03-13 |
Radiant Capital/Burundian Franc (RDNT/BIF) price chart
Radiant Capital/Burundian Franc (RDNT/BIF) capitalisation and volume charts
Radiant Capital, often referred to as Radiant, is an avant-garde DeFi platform designed to address the fragmentation of capital across different blockchains in the DeFi sector. It introduces the concept of an omnichain money market, wherein users can effortlessly deposit assets on one chain and borrow on another, thus mitigating the challenges posed by scattered liquidity. With its innovative approach, Radiant is striving to integrate the roughly $22 billion liquidity that is dispersed among the top ten alternative layers. Radiant's cross-chain interoperability is built atop Layer Zero and takes advantage of Stargate’s stable router interface, providing users with a seamless borrowing and lending experience across various chains. Furthermore, Radiant emphasizes a robust security framework, evident from its comprehensive audits and focus on offerings that are resilient to oracle manipulation.
Radiant Capital was conceived and developed by the Radiant DAO. The DAO plays a pivotal role in the platform's evolution, making crucial decisions and shaping the vision of the Radiant ecosystem. They have dedicated over 1.5 years to the development of Radiant V2, demonstrating their commitment to establishing a new foundational element in the DeFi landscape.
$RDNT, recognized as an OFT-20 token, is Radiant's native utility token and represents the cornerstone of Radiant's ecosystem. Made possible by Layer Zero Labs’ omnichain fungible token (OFT) interoperability solution, $RDNT facilitates native, cross-chain token transfers. This innovation means tokens are burned on the source chain and instantly minted on the destination chain, ensuring seamless token movement between blockchains.Users of the platform can capture value from their engagement and contributions to the platform using $RDNT. This includes:Ecosystem Participation: By acting as dynamic liquidity providers (dLP), users can earn $RDNT emissions, further promoting the platform's utility.Utility Capture: dLP participants can share in the utility of Platform Fees, accumulating returns in high-value assets, including Bitcoin, Ethereum, BNB, and various stablecoins.Liquidity Mining: Users with locked dLP activate their eligibility to earn RDNT emissions, which can either be instantly claimed under certain conditions or vested for a stipulated period.Cross-chain Composability: The OFT nature of $RDNT ensures its existence across multiple dApps and blockchains, enabling Radiant users to devise intricate strategies and exploit high-frequency arbitrage opportunities.Through the native token bridge, users can effortlessly transfer $RDNT to any supported blockchains, thereby expanding its utility and interoperability in the DeFi space.