What Is Radiant Capital?
Radiant Capital is a decentralized finance (DeFi) platform that aims to consolidate the fragmented liquidity across various chains in the DeFi space. It serves as an omnichain money market where users can deposit significant assets on any major chain and borrow supported assets across multiple chains.
Background
George Macallan founded Radiant Capital in 2022.
How It Works
The Radiant DAO has been developing Radiant V2 for over 1.5 years, focusing on creating a new DeFi primitive. Due to its transaction fee mitigation, the platform launched on Arbitrum, which the DAO considers the most secure and decentralized blockchain, combined with Ethereum’s security and institutional adoption.
Users who provide liquidity to Radiant interact and provide utility to the platform, capturing added value from the communities’ engagement through the native token $RDNT. Borrowers can withdraw against collateralized assets to obtain liquidity without selling their assets and closing their positions. The Radiant DAO uses its native utility token, $RDNT, which allows users to capture additional value from the community’s engagement.
Key Takeaways
- Radiant Capital is a decentralized finance platform consolidating liquidity across various chains.
- It is an omnichain money market where users can deposit and borrow assets across multiple chains.
- Founded by George Macallan in 2022, the platform has been developed by the Radiant DAO.
- Radiant Capital operates on Arbitrum, chosen due to its security and decentralized nature, combined with Ethereum’s benefits.
- The platform has its native token, $RDNT, which provides additional value to its users.
