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Radiant is building the first omnichain money market atop LayerZero. Deposit and borrow across multiple chains, seamlessly. Capital in DeFi is extremely fragmented across chains, evidenced by the dozens of different money markets, all with their own liquidity. 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. Radiant’s cross-chain interoperability functions atop Layer Zero, with v1 leveraging Stargate’s stable router interface. For example, lenders may reclaim their collateral and can direct which chain to withdraw funds from and what percentage they’d like sent to each chain. Radiant V2 will include revolutionary changes to core protocol mechanics, emissions, utility, and deeper cross-chain functionality. Users of Radiant Protocol can lock Radiant LP (Liquidity Provider) tokens to receive a share of borrower loan repayments. Locking RDNT liquidity also activates the ability to receive $RDNT emissions from borrowing and lending within the money market. In addition, locked Radiant LP’s hold governance power via the Radiant DAO and have the ability to create proposals and vote on the future direction of the protocol.
Radiant Capital, the cross-chain lending blockchain, has commenced the repayment of its debt following a flash loan vulnerability that resulted in a loss of $4.5 million
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RDNT crypto is the native token of the Radiant Capital platform, a decentralized money market that allows users to borrow and lend assets across multiple blockchains. Let's take a closer look at this article for a better understanding.
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