2023-07-21
Binance Labs the venture capital firm owns by Binance invested $10 million in
Radiant Capital on July 20, 2023. Radiant Capital is decentralized finance
(DeFi) lending and borrowing protocol.
Radiant Capital plans to
use the fund to expand its business and develop its products and services.
Radiant Capital currently support Arbitrum and BNB Chain. It plans to expand to
Ethereum and other blockchains especially EVM blockchains.
Apart from providing
lending and borrowing service, Radiant Capital also provides cross-chain
transfer service that allow users to transfer tokens cross-chain. It uses
Layerzero’s technology to build its cross-chain service, which allow users to
deposit and borrow assets across multiple chains.
Binance Labs is a venture firm that invest in cryptocurrency projects. It heads by Binance co-founder Yi He. Binance Labs also invested in Layerzero.
Radiant Capital currently
has $263.47m in total value
locked. RDNT has $306 million fully diluted
market cap. Comparing to Stargate Finance that has $603 million fully diluted
market cap and Trader Joe that has $178 fully diluted market cap. The value of
RDNT is consider fair price.
