According to onchain analyst @EmberCN monitoring, Andrew Kang, co-founder of cryptocurrency venture capital firm Mechanism Capital, made multiple purchases totaling 3,717,429 $RDNT tokens (approximately 1.05 million USD) at an average cost of around 0.285 USD.
On June 8th, Andrew Kang posted on Twitter under the title "The New King of Money Market - The Thesis for RDNT" to share his investment thesis for Radiant.
Radiant Capital is a native lending protocol on Arbitrum, similar to AAVE and Compound. However, unlike traditional lending protocols, Radiant's lending service includes cross-chain functionality. Users can deposit collateral on chain A and then borrow from chain B. This feature can help Radiant improve its scalability on both aspects, blockchains and assets.
TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.
Lending
DeFi
