2023-02-09
Between January 10 and February 9, RDNT token price increased 324%. RDNT is an-ERC-20 native token of Radiant Capital, a cross-chain lending platform that based on Arbitrum. RDNT tokens get allocate to users who provide liquidity to the platform. It is a governance tokens that let users vote through Radiant DAO on important issues by locking RDNT. Radiant Capital is a fork of AAVE and work similarly with AAVE. There are many coins and tokens in the pool including ETH, DAI, USDC, USDT, and WETH.
The advantage of Radiant Capital is that the platform is built on Layerzero, it is an interoperability protocol that use for connect cryptocurrencies cross chains. It has integration with Stargate Finance that provide cross-chain for lenders and borrowers. Radiant Capital has seen a massive TVL growth. There are $305 million total value locked on the platform. RDNT ranks 2,600 biggest cryptocurrencies by market cap. It has the market cap of $40 million.
