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.
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.
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.
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.