The RDNT token is the native utility and governance token for Radiant Capital, a decentralized, cross-chain lending and borrowing protocol that aims to unify fragmented liquidity across the DeFi (Decentralized Finance) ecosystem.
Key Features of Radiant Capital and the RDNT Token
Omnichain Functionality: Radiant Capital leverages LayerZero messaging and Stargate's router interface to allow users to deposit assets on one blockchain (like Ethereum, Arbitrum, or BNB Chain) and borrow assets across other supported networks seamlessly. The RDNT token is an OFT-20 (Omnichain Fungible Token) standard token, which enables native cross-chain transfers without the need for "wrapping" assets.
Utility & Incentives: The primary use of the RDNT token is to reward participants who provide liquidity to the protocol. Users who lock eligible "blue-chip" assets (e.g., Bitcoin, Ethereum, BNB, or stablecoins) as collateral become "Dynamic Liquidity Providers" (dLP) and receive RDNT emissions as an incentive.
Governance: RDNT holders can participate in the Radiant DAO (Decentralized Autonomous Organization), where they can vote on important proposals that influence the protocol's future development, such as listing new collateral options or adjusting fee structures.
Real Yield: A significant portion (85%) of the fees generated by the protocol from activities like borrowing interest, flash loans, and liquidations is distributed to dLP holders in the form of major assets (BTC, ETH, stablecoins), offering "real yield".
Tokenomics: The protocol uses a mechanism called "gated emissions" to ensure that only active and meaningful participants receive rewards, which helps promote sustainable participation and control token inflation. The maximum supply of RDNT tokens is capped at 1.5 billion.
