What is Radiant Capital?
The world of decentralized finance (DeFi) has grown rapidly in recent years, with dozens of money markets emerging on different blockchains, each with their own liquidity. However, capital in DeFi remains highly fragmented across chains. Radiant is a new DeFi primitive that aims to address this issue by becoming the first omnichain money market.
Radiant enables users to deposit any major asset on any major chain and borrow a variety of supported assets across multiple chains. Lenders who provide liquidity to Radiant earn a passive income on their deposited assets. Borrowers, on the other hand, can withdraw against collateralized funds, allowing them to obtain liquidity without selling their assets and closing their positions.
Radiant has been in development for eight months and aims to be a new and necessary DeFi primitive. Radiant's cross-chain interoperability will be built atop Layer Zero, with the first version launching on the Arbitrum blockchain, which is considered to be the most secure and decentralized blockchain available.
Radiant's focus on core offerings that are resilient to oracle manipulation is essential for the safety of users' funds. The platform leverages the $2M+ already spent in security audits executed by Layer Zero & Stargate, and it has also been fully audited by Solidity Finance, with a second audit by Peckshield nearing completion.
Radiant v1 will enable lenders to direct which chain to withdraw funds to and what percentage they’d like sent to each chain. Radiant v2 will allow for full cross-chain borrowing/lending on BTC, ETH and USDC, followed by the gradual rollout of additional assets voted on by the Radiant DAO.
Radiant offers a range of benefits for both lenders and borrowers. For lenders, Radiant provides a passive income on their deposited assets. This allows lenders to earn a return on their capital without actively trading or investing in risky assets.
For borrowers, Radiant provides a way to obtain liquidity without selling their assets and closing their positions. This is particularly useful for those who hold assets with a long-term investment horizon, as they can use Radiant to obtain working capital while still holding onto their assets.
Radiant also offers cross-chain interoperability, which allows users to deposit and withdraw assets from any major chain. This makes it easy for users to move their assets between different chains and take advantage of the best opportunities available.
Radiant is a new DeFi primitive that aims to be the first omnichain money market. By providing cross-chain interoperability, Radiant enables users to deposit any major asset on any major chain and borrow a variety of supported assets across multiple chains. Radiant also offers a passive income for lenders and a way for borrowers to obtain liquidity without selling their assets. With a focus on security and resilience to oracle manipulation, Radiant is poised to become a leading player in the DeFi space.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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