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Edited by Jiten171 at 27-12-2023 07:13 AM
Cross-chain lending platform Radiant Capital (RDNT), based on the LayerZero cross-chain interoperability protocol, became Binance's 32nd Launchpool project in March of this year. After receiving a $10 million investment from Binance Labs in July, its Total Value Locked (TVL) has been gradually increasing. Currently, it ranks among the top three protocols on Arbitrum, with TVL approaching $300 million.
Radiant Capital's TVL Continues to Rise
Radiant Capital Deploys on Ethereum
As the ecosystem continues to thrive, Radiant Capital announced today that it will officially deploy on Ethereum. In addition, as RWA and LSD became two significant DeFi narratives this year, the protocol will add assets like Lido Finance stETH, Rocket_Pool rETH, and MakerDAO sDAI.
Radiant Capital also stated that, upon the protocol's official launch on Ethereum, they will airdrop 500,000 ARB tokens to Delegated LP (dLP) lockers on the mainnet for 6-12 months, or in response to this news, the governance token RDNT has risen nearly 8% in the past 24 hours.
Airdrop eligibility will be randomly snapshot on the Ethereum blockchain and concluded within 30-60 days, although the exact timing will be kept confidential until it concludes to prevent manipulation.
RDNT Rises 8% in 24 Hours
According to CoinGecko data, perhaps in response to this news, RDNT today rose from around $0.24 to $0.258, an almost 8% increase in the past 24 hours, with a market capitalization of $89 million. |
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Post time 7-11-2023 20:39:34