Radiant Capital
Crypto Overview
Project Overview
Radiant Capital is a cross-chain lending protocol that operates on multiple Layer 2 networks including Arbitrum, BSC, and Avalanche. The platform allows users to borrow and lend assets across different blockchain networks, with RDNT serving as the protocol's governance and utility token.
Intended Utility
The RDNT token is designed to serve multiple functions within the Radiant ecosystem: governance rights for protocol decisions, revenue sharing from protocol fees, and staking incentives. Token holders can participate in protocol governance and earn rewards from protocol operations.
Actual Utility and Usage
On-chain data shows active usage of the protocol with significant Total Value Locked (TVL) across supported networks. As of early 2024, Radiant Capital has maintained substantial lending volumes and user activity, particularly on Arbitrum. The development team has consistently delivered protocol updates and cross-chain integrations.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation with: 30% to the DAO treasury, 25% for liquidity mining incentives, 20% for the team (with vesting), 15% for early supporters, and 10% for future development. Team tokens are subject to a 3-year vesting period with a 1-year cliff, indicating commitment to long-term development.
Revenue Model Analysis
The protocol generates revenue through lending fees and liquidation fees. While the lending aspect involves interest-bearing mechanisms, the protocol's structure operates more as a facilitation service for asset exchange rather than traditional interest-based lending.
Crypto Impact
To assign a comfort level investing in Radiant Capital from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Radiant Capital.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.