Welcome to the Future of DeFi
Capital in DeFi is extremely fragmented across chains, evidenced by the dozens of different money markets, all with their own liquidity. Lenders decide on a chain, and the assets they withdraw must exist on that same chain.
Suppose a DeFi user wants to deposit wBTC on Arbitrum and withdraw ETH on mainnet. In that case, they can only do so by navigating through a series of cumbersome transactions across multiple user endpoints.
This liquidity dispersion creates a suboptimal borrowing and lending experience.
Borrow and Lend Cross Chain, Seamlessly
Radiant aims to be the first omnichain money market where users can deposit any major asset on any major chain and borrow various supported assets across multiple chains.
The Radiant DAO's primary goal is to consolidate the ~$22 billion of fragmented liquidity dispersed across the top ten alternative layers (source: DefiLlama).
Lenders who provide liquidity to Radiant are interacting and providing utility to the platform. In addition, lenders can capture the added value from the communities’ engagement through the native token $RDNT. Borrowers can withdraw against collateralized assets to obtain liquidity (working capital) without selling their assets and closing their positions.
A New DeFi Primitive
Radiant V2 has been under development for over 1.5 years as the DAO strives to invent a new but necessary DeFi primitive. Given the current state of alt L1s, Radiant launched v1 on what the DAO believes to be the most secure and decentralized blockchain – Arbitrum.
Arbitrum's transaction fee mitigation, combined with Ethereum's security and institutional adoption, enables our team to build an ecosystem that provides our users with competitive interest-bearing opportunities while maintaining a high degree of safety.
Radiant’s cross-chain interoperability functions atop Layer Zero, with v1 leveraging Stargate’s stable router interface. For example, lenders may reclaim their collateral and direct which chain to withdraw funds from and what percentage they’d like sent to each chain.
Radiant focuses on core offerings resilient to oracle manipulation and leverages the $2M+ already spent in security audits executed by Layer Zero & Stargate. In addition, Radiant v1 has been fully audited by PeckShield and Solidity while Radiant v2 was audited by Peckshield, Zokyo and Blocksec.
Why Use Radiant?
Traditionally, to get a loan, you'd need to go to a bank or other financial institution with lots of liquid cash and provide them with collateral. Radiant removes the intermediaries from asset trading, futures contracts, and savings accounts.
A lending protocol must operate on a network with high activity volume and broad institutional adoption to operate at full capacity. There are many L1 options, but Ethereum remains the most utilized.
Historically, however, it has been marred by high transaction fees. The optimistic rollup solutions implemented by the Arbitrum network embody the present and future of Ethereum scaling.
The Radiant DAO utilizes the native utility token, $RDNT. By interacting and providing utility to the platform, users can capture the added value from the communities’ engagement through the native utility token $RDNT from borrowers and platform fees (visit the RDNT Token section for more information).
