Radiant: Building a cross-chain coin market ecosystem

Radiant (RDNT), as a native lending project on Arbitrum, was launched in July 2022. Its uniqueness lies in its commitment to building a comprehensive on-chain money market. Unlike traditional lending platforms, Radiant allows users to conduct seamless cross-chain lending operations across multiple supported chains.

For example, users can deposit assets such as ETH, GMX, or MAGIC on Arbitrum, and then directly borrow BNB on BSC, borrow SOL on Solana, borrow OP on Optimism, or borrow ETH on Ethereum, etc. This process does not require users to manually transfer assets cross-chain, greatly simplifying the operational process.

In contrast, most lending protocols currently on the market are deployed independently on various chains or L2s, leading to fragmented liquidity. Users need to conduct asset 跨链 before operating on different chains. Radiant's all-chain currency market concept aims to integrate liquidity across chains, improve asset utilization efficiency, and provide users with a more convenient lending experience.

From a technical perspective, Radiant achieves its cross-chain interoperability through LayerZero's Omnichain technology. This innovative model is expected to address the pain points of liquidity fragmentation between different chains in the current DeFi ecosystem, building a truly comprehensive lending market.

RDNT V2: Incentivizing Long-term Ecological Contributions

Radiant plans to launch the RDNT V2 version in the near future, with core changes including:

1. Introduce a dynamic liquidity provision (dLP) mechanism: Users must provide at least 5% of dynamic liquidity to receive RDNT issuance rewards, aimed at enhancing RDNT demand and liquidity.

2. Upgrade the RDNT token to LayerZero Omnichain format: achieve a better cross-chain experience, making it easier to integrate more chains.

3. Optimize the early exit mechanism: extend the vesting period to 90 days, using a linear reduction model to make the penalties more reasonable.

4. Adjusting incentive distribution: Only locked RDNT can receive protocol fee sharing, and incentives will no longer be available after expiration.

5. Redistribution of protocol fees: 60% to RDNT stakers, 25% to lenders, and 15% allocated to the DAO to promote ecological sustainability.

Radiant Current Market Performance

As of the time of writing, the overall lending market size of Radiant has reached approximately $438 million. The total fees allocated to RDNT stakers have reached $5.62 million. According to data platform statistics, Radiant's total value locked (TVL) in deposited assets is $126 million, and if including lending, staking, and liquidity mining, the total TVL approaches $470 million.

These data indicate that Radiant has taken a leading position in the Arbitrum lending market. If its full-chain lending strategy is successfully implemented, it is expected to further expand its market share and influence.

However, investors still need to be vigilant about the potential risks in the DeFi space. In addition to the risks that may exist within Radiant itself, any issues with the LayerZero protocol it relies on could also have a cascading impact on Radiant. Therefore, participants should carefully assess risks and engage in ecological development rationally.