Radiant

Lending

Radiant is an omnichain money market, where users can deposit an asset on one chain and borrow a variety of supported assets across multiple chains.

Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
What we like
Radiant aims to be the first omnichain money market built on top of LayerZero technology. V1 is a fork of Geist protocol on Arbitrum with revenue-sharing for its native RDNT token. V2 will enable full cross-chain lending/borrowing on major crypto assets.
What we like less
The team is anonymous and has significant control over the platform via the ability to upgrade contracts. The Radiant DAO Reserve wallet is controlled by a limited 2/3 multisig.
What it means for you
Radiant aims to allow you to borrow and lend assets on one chain, while reclaiming your collateral directly on several alternative chains.
Information
Info
  • Website
  • Token: RDNT
  • Tags: Lending
Key Metrics
  • TVL: $426.2K (Rank #204)
  • TVL Ranking by Lending: #43
  • Blockchain: Arbitrum
  • Chain TVL
    • Arbitrum: $426.17K
Risk Assessment
Watch Out
Protocol Code Quality
  • Code reviewed by several experienced auditors; PeckShield audited in July 2022
  • Anonymous team reduces transparency
  • No documented protocol hacks since launch
Protocol Maturity
  • Latest protocol version launched in 2023; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 10% by total value locked reduces risk
  • Multisig wallet controls protocol upgrades
  • Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
  • Timelock is at least 48hrs, which provides users with sufficient time to exit if any malicious upgrades are approved
  • Low voting power concentration reduces risk
Protocol Design
  • No death spiral concerns
  • Robust controls to mitigate oracle price manipulation
  • Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
  • Basic controls in place to prevent risky borrowing
  • Basic mechanisms in place to incentivize liquidations
  • No reserves or no stability module
Things to know about Radiant

How Radiant works

Radiant consists of a decentralized system of lending pools. Its core contracts are forked from Geist. Users deposit assets they want to lend into a liquidity pool and borrowers draw from the pool when they want to take out a loan. Radiant borrowers must first supply assets before they can borrow. Given the high volatility of crypto assets, borrowers must post more collateral than the value of the loan, or commonly referred to as overcollateralization. Interest rates on Radiant are driven by market supply and demand. To facilitate this activity, Radiant issues rTokens to lenders that reflect accruing interest on the underlying token.

How Radiant makes money

The RDNT is a revenue-sharing token with additional governance utility (unlike Geist with no governance). The platform distributes 50% of all platform fees directly to RDNT stakers. All rewards are vested for four weeks (28-days) after which they can claim 100% of the rewards. Users also have the option to exit earlier (at any time) for a 50% penalty which is then distributed back to full-time stakers, or lockers.

How you make money on Radiant

You can generate yield by staking RDNT tokens on the platform to earn 50% of all lending fees. RDNT stakers earn protocol fees, while GEIST lockers (who commit to the 28-day vest) also receive 50% of exit penalties from users who exit their vests early. Users earn lending fees on RDNT by depositing their idle crypto assets to be used by borrowers looking for leverage. Radiant also offers additional protocol incentives in its own token to bootstrap demand. Finally, you can provide liquidity for the RDNT-WETH pair on Sushi to earn RDNT incentives.

Radiant Pools
Radiant ETH Lending
0.6%
Yield
$127K
TVL
Risk
C
Protocol
Radiant
Chain
Arbitrum
Radiant USD Lending
1.5%
Yield
$77K
TVL
Risk
C
Protocol
Radiant
Chain
Arbitrum
Radiant USD Lending
2.5%
Yield
$35K
TVL
Risk
C
Protocol
Radiant
Chain
Arbitrum
Radiant USD Lending
2.5%
Yield
$13K
TVL
Risk
C
Protocol
Radiant
Chain
Arbitrum