Radiant has halted lending and borrowing markets on Arbitrum, saying funds are not at risk.Cross-chain lending protocol Radiant Capital was hacked for 1,900 ETH ($4.5 million), blockchain security and analytics firm PeckShield Inc. reported on X today. “The root cause is not new: It basically exploits a time window when a new market is activated in a lending market,” PeckShield wrote. The security breach occurred six seconds after the new USDC market was activated on #Arbitrum , the digital security firm explained.Radiant Capital also acknowledged the issue on X, saying that the Radiant DAO Council has temporarily suspended its lending and borrowing markets on Arbitrum — a Layer-2 scaling solution on which Radiant Capital runs atop of — while the problem is being investigated.#HackerAlert #RadiantCapital #ETH "Enjoying the content? Feel free to tip to keep the inspiration alive!" Thanks ☺️

#DeFi , or #decentralizedfinance , is one of the most exciting and innovative sectors in the crypto space. It offers various financial services such as lending, borrowing, trading, investing, and more, without intermediaries or centralized control. DeFi has grown exponentially in the past year, reaching over $200 billion in total value locked (TVL) as of December 2021.

However, DeFi is not without its challenges and risks. Some of the common issues faced by DeFi users and investors are: $RDNT

High gas fees: The Ethereum network, which hosts most of the DeFi protocols, suffers from congestion and scalability issues, resulting in high transaction costs and slow confirmations.

Complexity: DeFi protocols often have complex mechanisms and interfaces that require technical knowledge and experience to use effectively. Moreover, there are hundreds of DeFi projects to choose from, making it hard to find the best ones and keep track of their performance.

Security: DeFi protocols are vulnerable to hacks, exploits, and bugs, as they are based on smart contracts that may contain flaws or loopholes. Additionally, some DeFi projects may be scams or rug pulls that deceive users and investors.

Regulation: DeFi operates in a largely unregulated and uncertain legal environment, which may pose regulatory risks and compliance issues for users and investors.

To address these challenges and make DeFi more accessible and profitable for everyone, Radiant Capital (RDNT) was created.

What is Radiant Capital? $RDNT

#RadiantCapital is a decentralized investment platform that allows anyone to invest in curated portfolios of the best DeFi projects. Radiant Capital aims to provide a simple, secure, and transparent way to access the high returns and diversification benefits of DeFi.

Radiant Capital leverages the power of smart contracts, blockchain technology, and artificial intelligence (AI) to create and manage portfolios of DeFi tokens. These portfolios are called Radiant Vaults, and they are designed to optimize returns, reduce risk, and minimize fees.

Radiant Vaults are composed of different types of DeFi tokens, such as governance tokens, utility tokens, yield tokens, liquidity provider tokens, etc. Each vault has a specific investment strategy and objective, such as growth, income, stability, etc. Users can choose from various vaults based on their risk appetite and preferences.

Radiant Capital uses #ArtificialIntelegent to analyze the performance and potential of various DeFi projects and tokens. It also uses AI to rebalance the vaults periodically based on market conditions and opportunities. This way, Radiant Capital ensures that the vaults are always up to date and optimized for maximum returns.

How does Radiant Capital work?

Radiant Capital works in a simple and straightforward way. Users can invest in any vault by depositing ETH or any supported ERC-20 token. They will receive an equivalent amount of RDNT tokens, which represent their share of the vault. RDNT tokens are also used for governance and reward distribution on the platform.

Users can monitor their portfolio performance and track their earnings on the Radiant Capital dashboard. They can also withdraw their funds at any time by redeeming their RDNT tokens for ETH or any supported ERC-20 token.

Radiant Capital charges a low management fee of 0.5% per year for each vault. This fee is used to cover the operational costs and development of the platform. Additionally, Radiant Capital charges a performance fee of 10% for each vault. This fee is only applied when the vault generates a positive return above a certain threshold. This fee is used to reward the RDNT token holders for their contribution to the platform.

Why invest in Radiant Capital?

Radiant Capital offers several advantages for users and investors who want to participate in DeFi. Some of these advantages are: $RDNT

High returns: Radiant Capital enables users to access the high returns offered by DeFi projects without having to do extensive research or analysis. Radiant Capital’s AI algorithm selects the best DeFi projects and tokens based on their performance and potential.

Diversification: Radiant Capital allows users to diversify their portfolio across different types of DeFi tokens and strategies. This reduces the exposure to any single project or token and lowers the overall risk.

Low fees: Radiant Capital minimizes the fees associated with investing in DeFi by using smart contract optimization techniques and layer 2 solutions. This increases the net returns for users and investors.

Security: Radiant Capital ensures the security of its platform by using audited smart contracts, reputable third-party services, and insurance coverage. It also implements strict due diligence and vetting processes for selecting DeFi projects and tokens.

Transparency: Radiant Capital provides full transparency and accountability for its platform by publishing its portfolio composition, performance data, fees structure, governance proposals, etc. It also allows users to verify its smart contracts and transactions on the blockchain.

#Governance : Radiant Capital empowers its users and investors by giving them a voice and a stake in the platform. RDNT token holders can vote on various aspects of the platform, such as new vaults, fee changes, etc. They can also propose and discuss new ideas and improvements for the platform.

How to get started with Radiant Capital?

Radiant Capital is currently in its early stages of development and has not launched its platform yet. However, interested users and investors can join its community and stay updated on its progress and news. They can also participate in its upcoming token sale and become early adopters of its platform.

To join Radiant Capital’s community, users can follow its social media channels, such as Twitter, Telegram, Medium, etc. They can also visit its website and sign up for its newsletter. To participate in its token sale, users can register on its website and complete the KYC process. They will then be able to buy RDNT tokens at a discounted price before they are listed on exchanges.

Radiant Capital is a promising project that aims to revolutionize the way people invest in DeFi. By combining smart contracts, blockchain technology, and artificial intelligence, it offers a simple, secure, and transparent way to access the high returns and diversification benefits of DeFi. Radiant Capital is a project worth watching and supporting in the crypto space.

I hope you liked the article. Please note that this is not a recommendation or advice to invest in Radiant Capital or any other project. Please do your own research and analysis before investing or trading. I am not responsible for any losses or damages arising from your actions.

Introduction:In the dynamic landscape of decentralized finance (DeFi), Radiant Capital emerges as a beacon of innovation, poised to revolutionize the way we interact with money markets. With its cutting-edge approach and commitment to democratizing financial services, Radiant Capital represents a paradigm shift in the world of finance.Unleashing the Power of Decentralization:At the heart of Radiant Capital lies the principle of decentralization. By harnessing the power of blockchain technology, Radiant Capital eliminates the need for intermediaries, empowering users to directly participate in financial activities such as borrowing, lending, and trading. This decentralized approach not only enhances accessibility but also fosters transparency and security, setting a new standard for trust in financial transactions.Omnichain Technology: Bridging the Divide:One of Radiant Capital's key innovations is its utilization of omnichain technology. This groundbreaking approach enables Radiant to pool assets from multiple blockchain networks, overcoming the challenges of fragmented liquidity prevalent in the DeFi space. By seamlessly connecting different chains, Radiant Capital creates a unified ecosystem where users can access liquidity across various networks, unlocking new opportunities for asset management and investment.Empowering Decentralized Liquidity Providers:Central to Radiant Capital's ecosystem are Decentralized Liquidity Providers (dLPs), individuals who contribute liquidity to the platform's money markets. In return for their participation, dLPs receive incentives such as RDNT emissions, protocol fees, and governance power. This incentivized model not only encourages liquidity provision but also fosters community engagement, driving the growth and sustainability of the Radiant Capital ecosystem.Revolutionizing Asset Transfer and Accumulation:By democratizing access to financial services, Radiant Capital seeks to revolutionize asset transfer and accumulation on a global scale. Through its decentralized money markets, individuals worldwide can access financial opportunities previously reserved for the privileged few. Whether it's borrowing against crypto assets, earning yields through lending, or participating in liquidity provision, Radiant Capital empowers users to take control of their finances and build wealth on their own terms.Conclusion:As we navigate the ever-evolving landscape of decentralized finance, Radiant Capital stands as a beacon of innovation and empowerment. By harnessing the power of decentralization, leveraging omnichain technology, and empowering decentralized liquidity providers, Radiant Capital is paving the way for a more inclusive and equitable financial future. With its commitment to revolutionizing asset transfer and accumulation globally, Radiant Capital is not just redefining DeFi money markets—it's reimagining the very essence of finance itself.Join us on this journey towards financial freedom and empowerment with Radiant Capital, where the future of finance begins today.#TrendingTopic #Radiant #RadiantCapital #Meme

Binance Labs, the venture capital arm of leading cryptocurrency exchange Binance, has made a strategic investment of $10 million in Radiant Capital, a cross-chain lending and borrowing protocol. This funding round marks a significant milestone in Binance Labs' dedication to supporting innovative projects that are poised to shape the future of decentralized finance (DeFi) in a chain-agnostic and user-centric manner.

Radiant Capital, built on the LayerZero interoperability protocol, empowers various blockchains to communicate seamlessly with each other. LayerZero Labs, the developer behind LayerZero, is also part of Binance Labs' portfolio, underlining the strategic alignment of these interconnected projects.

Unleashing the Power of Cross-Chain DeFi

At its core, Radiant Capital facilitates lending and borrowing activities across different blockchain networks. Currently, it offers multiple collateral options on Arbitrum and BNB Chain, streamlining the process of lending, borrowing, bridging, and swapping assets between chains. Looking forward, the Radiant DAO has ambitious plans to expand the protocol's functionalities to more Ethereum-compatible chains, ultimately reducing the complexity and multiple transactions involved in cross-chain DeFi activities.

Aiming to consolidate approximately $22 billion of fragmented liquidity scattered across the top ten alternative layers, Radiant DAO envisions a seamless, secure, and user-friendly omnichain lending experience. Its performance on Arbitrum and BNB Chain already demonstrates the immense potential for driving mass adoption of cross-chain DeFi solutions.

Fueling Innovation in DeFi

The $10 million funding round will act as a catalyst for further product developments within Radiant Capital. With a focus on enhancing user experience and expanding the protocol's capabilities, Radiant aims to extend oracle support, broaden collateral options, and deploy on the Ethereum mainnet with full LayerZero messaging support. The allocated funds will be divided, with $5 million dedicated to the DAO and another $5 million for Radiant product development, ensuring a balanced approach to innovation.

In the words of Binance co-founder and head of Binance Labs, Yi He, Radiant Capital's commitment to seamless cross-chain DeFi transactions is commendable and holds significant potential for driving mass adoption. Binance Labs eagerly awaits Radiant's continued growth and anticipates the protocol's valuable contributions to the DeFi ecosystem.

Radiant Capital's Rise in the DeFi Landscape

Radiant Capital has quickly garnered recognition in the DeFi space, achieving remarkable milestones in a short period. Currently ranked as the top lending protocol and the third-largest overall on Arbitrum, Radiant boasts a total value locked (TVL) of $191.7 million, as reported by DefiLlama data. On BNB Chain, it holds the position of the second-largest lending protocol and the eighth-largest DeFi protocol overall, with an impressive $72.9 million TVL.

As the decentralized finance landscape continues to evolve, Radiant Capital's vision and innovation are poised to transform the way users engage with cross-chain lending and borrowing. Its seamless integration with multiple blockchain networks positions it as a frontrunner in the cross-chain DeFi revolution, and the strategic investment from Binance Labs further bolsters its potential impact on the industry.

Conclusion

The investment by Binance Labs in Radiant Capital highlights the growing significance of cross-chain DeFi solutions in the crypto ecosystem. Radiant's vision to create a seamless, secure, and user-friendly omnichain lending experience resonates with the broader DeFi community, with the protocol already gaining traction on Arbitrum and BNB Chain.

As Radiant Capital continues to unlock the potential of cross-chain DeFi, it has set the stage for the next phase of financial innovation. The $10 million funding round will propel the protocol's development, solidifying its position as a key player in the evolving landscape of decentralized finance. The crypto community eagerly awaits the next chapters in Radiant Capital's journey and its contributions to a more interconnected and accessible DeFi ecosystem.

#RadiantCapital

#CrossChainDeFi

#BinanceLabsInvestment

#LayerZeroProtocol

#FutureOfFinance

#TrendingTopic IntroductionDecentralized finance (#DeFi: ) has the potential to revolutionize how assets are transferred and accumulated on a global scale. One product that many projects have set out to create is a decentralized and permissionless money market. This would allow anyone to effortlessly take out a loan rather than go through the tedious processes of the traditional financial system.#RadiantCapital is a DeFi money market specifically designed to unify liquidity across #BLOCKCHAINS . In doing so, they’ve created several breakthrough processes that unify liquidity and create unprecedented incentive alignment between the sustainability of the protocol and its users.What Is Radiant?With the launch of their lending platform in July 2022, #Radiant became one of the first Arbitrum-native DeFi platforms. Since then, they’ve evolved into an omnichain money market protocol with over $750 million in market size.The omnichain expansion was a key feature of Radiant V2, which went live in March 2023. Currently, Radiant V2 supports lending and borrowing on Arbitrum, Ethereum Mainnet, and $BNB Chain. It’s also the largest lending market on Arbitrum and the second largest on BNB Chain.In addition to omnichain functionality, Radiant V2 features a novel tokenomics solution called Dynamic Liquidity, which aims to align user incentives with the sustainability of the protocol. How Radiant V2 Unifies LiquidityRadiant V2 integrates Layer Zero’s interoperability protocol to seamlessly deploy markets to and transfer assets between multiple blockchains. This integration unifies liquidity between different blockchains by freeing up the flow of assets.A prominent problem in DeFi is fractured liquidity, which means that money is sitting idle in one spot. Specifically, the siloing of assets on different blockchains severely limits what those assets can do and how much a newer or smaller blockchain can grow. After all, DeFi users with the most assets will always use the protocols and blockchains with the most available liquidity, as it makes it easier for them to operate with less slippage.Omnichain technology solves this by pooling assets from all enabled chains into a single place. In other words, Radiant is creating a platform of unified liquidity.Radiant is live on Ethereum Mainnet, Arbitrum, and BNB Chain. This allows them to take advantage of the vast pool of liquidity on Ethereum while also accessing cheaper and faster blockchains. And because of their omnichain functionality, Radiant can easily launch on additional chains within the Layer Zero ecosystem.Radiant V2 FeesIn the spirit of capital efficiency, Radiant V2 not only aims to be one of the highest fee-generating protocols in DeFi, but it also needs an efficient way to transfer those fees back to users. This is another area where omnichain functionality thrives.These fees are generated from users' interest repayments on their loans and liquidations. This means that lockers receive a basket of blue-chip cryptocurrencies as rewards. 85% of protocol fees are distributed to Radiant’s users.As of December 2023, Radiant V2 has accrued over $24 million in protocol fees – that means nearly $20 million has been distributed to protocol users in 1 year!$RDNT TokenRDNT is the native token of Radiant Capital. Consistent with Radiant’s omnichain theme, RDNT is an “Omnichain Fungible Token” or OFT, which means it can be natively bridged between blockchains using the RDNT cross-chain bridge. This enhances the token’s capital efficiency by eliminating the need for wrapped assets, which carry additional risks such as de-pegging and vulnerabilities in the wrapper’s contract.Dynamic Liquidity Provisioning (dLP)A top priority of Radiant is capital efficiency, which is why cross-chain functionality is such a large priority. Similarly, the Radiant DAO aims to make the RDNT token as capital-efficient as possible, which is evident in their Dynamic Liquidity (dLP) mechanism.Typical staking mechanisms are static; the staked tokens are literally frozen in a contract. Radiant’s “DeFi 3.0” solution to this problem is dLP.Radiant employs an 80/20 liquidity provisioning model to avoid removing liquidity from the market. So, instead of staking RDNT, users can lock RDNT/$ETH or RDNT/BNB liquidity tokens.In addition to creating a more capital-efficient solution, dLP also serves as a mechanism to align the incentives of the protocol and its users.dLP UtilityIn exchange for users enhancing the utility of Radiant by locking Dynamic Liquidity tokens, there are three primary rewards:Activate RDNT emissions on deposits & borrows.Share in platform fees comprised of blue-chip assets such as Bitcoin, Ethereum, and stablecoins.Obtain voting power for governance via the Radiant DAO.Emissions EligibilityIn order to build a sustainable protocol, there must be a solid foundation of liquidity.While token emissions can be useful to onboard new users, they can also lead to two negative consequences: dilution and mercenary capital. With dLP, Radiant seeks to negate both of those while focusing on fee sharing to protocol users.Radiant approaches this by enabling RDNT emissions to lenders and borrowers who lock dLP. This mechanism incentivizes users while also ensuring that Radiant’s markets have long-term liquidity.In order to earn emissions, the dLP value must stay above 5% of their deposits into Radiant’s lending markets. So, if you deposit $100 in BNB, you can lock $5 of dLP to activate RDNT emissions. If this ratio drops below 5%, emissions will stop until it’s increased back above the 5% threshold.Protocol SecurityRadiant Capital has undergone multiple audits with some of the world's best auditing firms, such as Open Zeppelin, Blocksec, Zokyo, and PeckShield. In addition, Radiant deploys Open Zeppelin Defender to detect and halt threats in advance.Radiant has posted bug bounties on ImmuneFi, with the scope of impact covering the v2 smart contracts and the front end. Bug bounty programs are open invitations to security researchers to discover and responsibly disclose potential vulnerabilities.Closing ThoughtsRadiant’s story is a beacon of innovation in a sea of traditionalism, showcasing that the future of finance lies in decentralization, interoperability, and user empowerment.The platform’s ability to unify liquidity across multiple blockchains represents a leap forward for the DeFi space. By embracing omnichain functionality, Radiant has effectively addressed the pressing issue of fractured liquidity, turning it into an opportunity to craft a seamless experience for users, thereby fostering a more robust and flexible financial ecosystem.With Radiant V2, the platform has shown that it’s not just about the volume of transactions or the size of the market but about creating real value for its users. The substantial $24 million in protocol fees generated within a year, of which $20 million have been distributed back to users, stands as a testament to their commitment to capital efficiency and the principle of sharing prosperity.The introduction of RDNT as an Omnichain Fungible Token further solidifies Radiant’s vision, as it streamlines the process of asset transfer across blockchains, enhancing the token’s utility without the added risk of wrapped assets. The Dynamic Liquidity Provisioning mechanism, a centerpiece of their DeFi 3.0 philosophy, provides capital efficiency and fosters a sense of community through aligned goals and shared governance.In closing, Radiant Capital exemplifies a forward-thinking entity in the DeFi landscape, one that is not afraid to challenge the status quo and pave the way for a new era of finance. With a solid foundation of liquidity, a user-centric reward system, and a steadfast dedication to security and efficiency, Radiant is at the forefront of DeFi innovation.Disclaimer and Risk Warning: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial advice, nor is it intended to recommend the purchase of any specific product or service. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and @WISE CRYPTO NEWS is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.