TABLE OF CONTENTS
The current state of decentralised finance (DeFi) is characterised by a significant fragmentation of capital across various blockchain networks.
This is evident in the proliferation of numerous money markets, each with its own unique liquidity pools and token ecosystems.
As a result, users seeking to maximise their returns and manage their investments must navigate multiple platforms, each with its own rules, procedures, and risks.
This fragmented landscape presents a significant challenge for the growth and mainstream adoption of DeFi, as it can lead to inefficiencies, suboptimal returns, and increased complexity for users.
Addressing this issue requires innovative solutions that combine the fragmented capital and provide a unified platform for seamless access to liquidity across multiple chains.
This is where things get interesting with Radiant capital.
Radiant capital is an omnichain money market solution that operates across multiple blockchain networks, allowing users to borrow and earn interest on various cryptocurrencies and digital assets.
Unlike traditional financial markets, which are often limited to a specific geographic region or currency, omnichain money markets leverage blockchain technology to offer global access and interoperability.
This means that users can access liquidity from various blockchain networks through a single platform, making managing and optimising their investments easier.
DIGGING DEEPER INTO RADIANT CAPITAL
The concept of borrowing and lending in DeFi is prevalent but comes with challenges.
Let’s look at this scenario:
When a borrower seeks a loan from a lender in a decentralised finance (DeFi) ecosystem, the lender chooses which blockchain network to use.
Once the lender has decided on a specific blockchain network, the borrower must provide collateral on that network.
For example, if a lender chooses the Ethereum network, the borrower must provide Ethereum-based assets as collateral.
Sometimes, borrowers may want to use different blockchain networks to deposit and withdraw their assets.
However, the lender’s decision on the blockchain network use limits the borrower’s options.
For example, if a borrower wants to deposit wrapped Bitcoin (wBTC) on the Arbitrum network but withdraw Ethereum (ETH) on the Ethereum mainnet, they cannot do so directly.
Instead, they must execute complex transactions across multiple user endpoints to achieve their desired outcome, which can be cumbersome.
However, Radiant capital approached this concept by consolidating liquidity across different blockchains.
Lenders who offer liquidity to the Radiant platform are engaging with the platform and contributing to its overall utility.
By doing so, they have the opportunity to benefit from the increased value generated by community engagement through the platform’s native token, $RDNT.
On the other hand, borrowers can use their assets as collateral to withdraw funds without selling them or closing their positions.
This allows them to access the liquidity they need for their working capital requirements while maintaining their asset positions.
Radiant is built on Arbitrum, which they believe to be the most secure and decentralised blockchain; additionally, Arbitrum’s low gas fee aids for easier transactions.
Radiant’s cross-chain interoperability functions on top Layer Zero; a blockchain network is responsible for managing the network’s consensus mechanism, which is the process by which nodes come to a consensus on the state of the network.
It is also responsible for managing the validation and processing of transactions and maintaining the integrity and security of the network.
Radiant capital also has a utility token, $RDNT, a governance token.
HOW TO USE RADIANT CAPITAL – A WALKTHROUGH GUIDE
- 1. Go to https://app.radiant.capital/ on your Dapp browser.
2. Connect your EVM wallet.
3. Select an Asset to deposit into, and here I selected Ethereum on the Arbitrum network.
4. Monitor Earnings through your dashboard
Radiant DAO is a decentralised autonomous organisation (DAO) designed to fund and govern the development of Radiant infrastructure.
It is built on the Arbitrum blockchain and is governed by its community of $RDNT token holders.
Here, you can authenticate your EVM wallet and head to https://dao.radiant.capital/#/.
Here, you can connect your wallet and vote against proposals.
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.
RESOURCES AND LINKS
Governance Proposals/Feedback: https://community.radiant.capital
Governance Voting: https://dao.radiant.capital