Radiant Capital is a decentralized finance (DeFi) protocol designed to unify fragmented liquidity across various blockchains. It operates as a money market where users can deposit a wide range of assets, earn interest, and borrow against those assets. By aggregating liquidity from multiple chains, Radiant Capital aims to create a more efficient and capital-efficient DeFi ecosystem.
The core of Radiant Capital is its RDNT token. This token serves multiple purposes within the protocol. It is used to govern the platform, providing holders with voting rights on crucial decisions. Additionally, RDNT is used to incentivize liquidity providers, rewarding those who contribute to the protocol's liquidity pools. By holding RDNT, users can also participate in staking and farming programs to earn additional rewards.
To facilitate its multi-chain operations, Radiant Capital has integrated with several major blockchains, allowing users to seamlessly move assets between different networks. This interoperability enhances the protocol's flexibility and accessibility. However, like any DeFi protocol, Radiant Capital is subject to market volatility and inherent risks associated with decentralized finance.
Radiant Capital's focus on capital efficiency and its multi-chain approach have attracted significant attention within the DeFi community. By providing a unified platform for lending, borrowing, and earning interest, the protocol aims to simplify the user experience and optimize resource utilization.