Radiant aims to be the first omnichain money market, where users can deposit any major asset on any major chain and borrow a variety of supported assets across multiple chains.
Lenders who provide liquidity to Radiant will earn a passive income on the assets they deposit. Borrowers are able to withdraw against collateralized funds in order to obtain liquidity (working capital) without selling their assets and closing their positions.
$RDNT is the native ERC-20 reward token, with emissions allocated to lenders, borrowers, and $RDNT/$WETH liquidity providers. Radiant Capital plans to enable their DAO community to vote on important measures using locked $RDNT in the near future.
Revenue generated through borrowers' interest is distributed directly to users who vest or lock $RDNT. Both lenders and borrowers receive $RDNT rewards to incentivize protocol use.
Liquidity mining rewards must be vested over the course of four weeks (28 days), but may be claimed immediately for a 50% penalty. This penalty fee is then distributed to users who choose to lock $RDNT for 28 days. This mechanism ensures steady rewards for those who actively commit to the protocol by locking their tokens.
