RDNT is the governance and lending incentive token of Radiant Capital, the cross-chain money market built on LayerZero. Radiant’s key innovation over protocols like Aave is omnichain lending: a user who deposits USDC on Arbitrum can borrow ETH on BNB Chain without bridging, using LayerZero’s cross-chain messaging to settle the debt across networks. This removes the friction of bridging assets and gives users access to capital across the multi-chain DeFi ecosystem from a single interface.
| Stat | Value |
|---|---|
| Ticker | RDNT |
| Price | $0.00 |
| Market Cap | $2.71M |
| 24h Change | +0.9% |
| Circulating Supply | 1.29B RDNT |
| Max Supply | 1.50B RDNT |
| All-Time High | $0.59 |
| Contract (Arbitrum One) | 0x3082...aaa0 |
| Contract (Base) | 0xd722...c5d4 |
| Contract (Ethereum) | 0x137d...f893 |
| Contract (Binance Smart Chain) | 0xf7de...84df |
How It Works
Radiant V2 uses a dLP (dynamic Liquidity Provision) model to align incentives:
dLP requirement:
- To earn maximum RDNT rewards, users must lock at least 5% of their total Radiant deposits as dLP (RDNT/WETH LP tokens on Balancer, locked for 1–12 months)
- This requirement ensures that RDNT emissions go to users with skin-in-the-game rather than pure yield farmers who immediately sell
Cross-chain mechanics (LayerZero):
- Collateral deposited on Chain A is tracked via LayerZero messaging
- When borrowing on Chain B, LayerZero delivers the collateral state across chains
- Liquidations also trigger cross-chain messaging to unwind positions
Fee distribution:
- 60% of protocol fees go to RDNT/WETH LP lockers (dLP)
- 25% go to single-asset lenders (as base lending yield)
- 15% go to the DAO operations fund
Tokenomics
| Allocation | Amount | Notes |
|---|---|---|
| Incentives/rewards | 54% | Emissions to lenders and dLP lockers |
| Core contributors | 20% | Vesting over 4 years |
| Reserve | 14% | Emergency fund |
| Ecosystem development | 7% | Grants and partnerships |
| Advisors | 5% | Vesting |
Max supply: 1,000,000,000 RDNT. Emissions vest linearly with a 3-month cliff for core contributors. RDNT inflation is offset by protocol fee buybacks and dLP locking mechanics.
Use Cases
- Cross-chain borrowing — Deposit on one chain, borrow on another without bridging
- dLP yield — Lock RDNT/WETH LP for 1–12 months to earn the majority of protocol fees
- Governance — RDNT holders vote on chain expansion, fee structures, and risk parameters
- Boosted lending rates — Active dLP participants receive maximum RDNT rewards on lending positions
History
- Jul 2022 — Radiant Capital V1 launches on Arbitrum; raises no VC funding; RDNT distributed through farming entirely
- Mar 2023 — Radiant V2 launches with dLP model and multi-chain support via LayerZero; TVL spikes above $500M; becomes one of Arbitrum’s largest protocols
- 2023 — Radiant expands to BNB Chain, enabling true cross-chain lending for the first time
- Oct 2024 — Major security incident: Radiant Capital is hacked for ~$50M after three developer devices are compromised via malware; attackers gain control of multi-sig keys and drain funds from BNB Chain and Arbitrum deployments
- Late 2024 — Radiant attempts recovery; governance reviews multi-sig security; future of protocol uncertain following the attack
Common Misconceptions
“Radiant is a fork of Aave.” Radiant’s base lending logic borrows from Aave V2 as a starting point, but the cross-chain LayerZero integration and dLP incentive model are original contributions. The multi-chain architecture is meaningfully different from any single-chain deployment.
“The October 2024 hack was a smart contract exploit.” The hack was a supply chain attack on developer hardware — attackers compromised private keys through malware, not through smart contract vulnerabilities. This distinction matters for protocol security assessments.