Radiant Capital is an omnichain lending protocol — enabling users to deposit collateral on one chain and borrow against it on another using LayerZero's cross-chain messaging. Deposit ETH on Arbitrum, borrow USDC on BSC — all in one transaction. This omnichain approach addresses DeFi's fragmentation problem where liquidity is siloed on individual chains. Radiant v2 introduced the "Dynamic Liquidity" (dLP) model requiring users to maintain RDNT/ETH liquidity positions alongside their lending activity to qualify for RDNT emission rewards. This mechanism ensured that reward recipients were contributing real liquidity to the protocol rather than mercenary farming.
Radiant launched on Arbitrum in 2022, rapidly growing TVL through attractive RDNT emissions. V2 introduced the dLP mechanism to reduce mercenary capital. Radiant expanded to BNB Chain and other chains. In October 2024, Radiant suffered a major security exploit (~$50M) through compromised private keys, significantly impacting the protocol and community trust.
Radiant uses LayerZero for cross-chain messaging, enabling deposits and borrows across chains in a unified market. The dLP model requires users to provide RDNT/ETH liquidity worth at least 5% of their deposits to earn RDNT rewards. Standard lending mechanics: deposit assets to earn interest, borrow against deposits with over-collateralization.
RDNT has emissions distributed to lenders and borrowers who maintain dLP positions. The dLP requirement ensures emission recipients contribute liquidity. Revenue from lending interest is distributed to dLP holders.
Cross-chain deposits and borrows via LayerZero — addresses DeFi fragmentation.
Ensures reward recipients contribute real liquidity — reduces mercenary farming.
Available on Arbitrum, BNB Chain, and expanding.
Real lending interest distributed to active participants.
$50M exploit in 2024 severely damaged trust and TVL.
Cross-chain functionality relies on LayerZero's security and availability.
Protocol attractiveness depends on RDNT rewards — sustainability concerns.
Rebuilding trust after a major exploit is extremely difficult.
In October 2024, Radiant suffered a ~$50M exploit through compromised private keys. Attackers gained control of enough multisig signers to drain protocol funds. This was a key management failure rather than a smart contract bug. The incident highlighted risks of centralized key management in DeFi protocols.
Post-exploit, Radiant implemented security improvements. However, recovering from a major exploit requires sustained demonstrated security. Research current security measures, audit status, and community sentiment before depositing funds.
To earn RDNT emissions, users must maintain RDNT/ETH liquidity pool tokens worth at least 5% of their lending deposits. This ensures emission recipients contribute real liquidity to the protocol rather than just depositing-and-farming.
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Learn how to purchase: How to Buy Radiant Capital