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Radiant Capital

DEFI
The first omnichain money market atop LayerZero

Core Concept of Radiant

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).

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. 

Radiant v2

Radiant v2 migrates the current ERC-20 RDNT token to the LayerZero OFT (Omnichain Fungible Token) format. This migration — developed from many conversations with the LayerZero and Stargate teams — will make cross-chain fee sharing much more seamless, enable quicker launches on additional chains, and permit native ownership of bridging contracts rather than relying on third-party bridges.

How Is Radiant v2 Different? Two main concerns emerged from discussions with community members and advisors:

  • How will the next version of Radiant create a better utility exchange between lenders/borrowers and the protocol?
  • In keeping with the Foundation’s core value of “collective benefit,” how should the protocol decide who is eligible for the utility of receiving RDNT emissions?

To address these concerns, Radiant v2 features revolutionary changes to core protocol mechanics, emissions, utility, and deeper cross-chain functionality.

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