Binance Labs has invested in Radiant Capital, a lending and borrowing protocol focused on bridging fragmented liquidity across decentralized finance ecosystems.

This strategic funding round emphasizes Binance Labs' commitment to supporting innovative projects that will lead the next era of DeFi.

The funds raised will be put toward further tech development to expand on numerous EVM chains and full LayerZero messaging support among other product developments.

Binance Labs, the venture capital and incubation arm of Binance, has invested in Radiant Capital, a lending and borrowing protocol built atop Binance Labs portfolio company, LayerZero Labs, and focused on bridging fragmented liquidity across decentralized finance ecosystems. This strategic funding round emphasizes Binance Labs' commitment to supporting innovative projects that will lead the next era of DeFi in a chain-agnostic and user-centric manner.

Radiant has developed an innovative cross-chain lending and borrowing protocol that enables users to deposit and borrow assets seamlessly across multiple chains. The protocol currently supports over 20 collateral options, and as the Radiant DAO expands its cross-chain functionality to additional chains, new options will continue to emerge, driven by community voting on Loan-To-Value parameters and oracle usage.

Yi He, Co-Founder of Binance and Head of Binance Labs, commented: "Binance Labs actively seeks out promising DeFi projects that not only advance the industry but also push the boundaries of innovation. Radiant Capital's commitment to facilitating seamless cross-chain transactions for DeFi, and performance on Arbitrum and BNB Chain demonstrates its potential for driving mass adoption. We look forward to seeing Radiant's continued growth and further contributions to the ecosystem."

Facilitating seamless cross-chain transactions for DeFi

Radiant aims to expand to numerous EVM chains, eliminating the need for countless transactions to facilitate lending, borrowing, bridging, and swapping between chains. It has gained significant traction since its launch and saw substantial growth throughout 2023, including being ranked as the number one lending protocol on Arbitrum in terms of Total Value Locked (TVL) and the number five DeFi protocol on BNB Chain.

The funds raised will be put toward further tech and product development to expand on oracle support, collateral expansion, Ethereum mainnet deployment, cross-chain liquidations, dual-emissions support, abstracted repayments, and full LayerZero messaging support. These developments aim to facilitate the onboarding of the next 100 million users into DeFi.

"Radiant Capital's mission is to usher in a new era of DeFi focused on providing a seamless, secure, and easy-to-use omnichain lending experience. This is critical to the DAO's end goal of onboarding the next generation of DeFi into the Web3 ecosystem. I am tremendously excited about our partnership with Binance Labs, as they bring extensive expertise, resources, and strategic support to the protocol. Their investment will play a crucial role in propelling Radiant to new heights as the protocol expands to new chains, continues to scale, and drives utility back into the ecosystem," said George Macallan, Founder of Radiant Capital.

#Binance #Radiant #GOATMoments $BNB

With the market continuously going down, now might be the perfect time to build a strong portfolio for the upcoming bull run. This could lead to impressive gains.

I've compiled a list of my top 5 coins that you can consider buying during these dips:

1/ #Arbitrum ( Current MC : $1.3B )

This is one of the best Layer 2 solutions available, with plenty of potential for growth.

2/ #Radiant Capital ( Current MC : $74M )

Their protocol is generating a significant amount of revenue, and it is likely to increase even more during the bull cycle.

3/ #Matic ( Current MC : $5.3B )

As an already well-established L2, also announced a new token swap from Matic to POL in a 1:1 ratio.

4/ #Render ( Current MC : $533M )

It's a distributed GPU rendering network built on top of the Ethereum blockchain, also have many big partnerships with their project.

5/ #Pendle ( Current MC : $125M )

Pendle is not only generating good revenue but also offering Liquid Staking (LSD), which is currently a highly bullish narrative.

I'll be making a list of more tokens with great potential and use cases for you to consider buying for the bull run. Make sure to follow me so you don't miss it.

Also be sure to like this post!

$PENDLE $MATIC $ARB

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