What is the Radiant Capital (RDNT) crypto?
Binance, the world’s leading cryptocurrency exchange, recently announced the introduction of a new launch poolthis time for Radiant Capital (RDNT) crypto.
How does this interesting product from Binance work? What is Radiant Capital?
Discover it in this article.
What is the Radiant Capital (RDNT) crypto?
Radiant Capital is a money market similar to Aave, built on Arbitrum and BNB Smart Chain, using Zero team technology.
In the platform, it is possible to obtain liquidity or borrow assets such as DAI, USDC, USDT, ETH and WBTC.
For each crypto, there is an interest that must be paid when taking out a loan, or received when making a deposit. There is also a mechanism to receive tokens in Radiant Capital’s RDNT crypto and receive higher returns.
The same RDNT token can be staked by receiving interest on diversified fractions of other tokens.
This is a good method to accumulate mainly stablecoins, ETH and WBTC.
In this regard, it should be noted that there is still no native version of BTC in blockchain smart contracts, but “Definity Foundation” has recently launched its own Chain-key Bitcoin standard.
On the technical analysis front, Radiant Capital’s RDNT crypto has performed very well over the past 3 months.
It has gone from a value of $0.043, recorded on January 5, 2023, to the current value of $0.357 per token. It is a frightening price increase of approx 830%.
The current market cap is $72 million, with volumes of nearly $35 million in the last 24 hours. Circulating supply equal to 20% of total supply.
The main centralized markets for trading crypto-RDNT are Binance, Gate.io, Okex and Kucoin. But if you prefer to trade it on DEX, you will find the best markets on Pancakeswap and Uniswap.
The token contracts are the following:
BNB chain: 0xf7de7e8a6bd59ed41a4b5fe50278b3b7f31384df
Arbitration: 0x3082CC23568eA640225c2467653dB90e9250AaA0
How do Binance’s Launchpools work?
Launchpools is an interesting product that Binance offers to its users.
There is a very simple way to put one’s cryptocurrencies to work and earn new tokens without incurring major risks, other than the inherent risk of the platform itself and market volatility. Let’s try to explain in more detail what launchpools consist of.
Launchpool is a financial product created by Binance that allows users to delegate tokens such as GDP and THOUSANDS to earn passive returns paid with other tokens, usually those related to new projects launched in the market, as in this case the Radiant Capital project and its RDNT crypto.
The mechanism is very simple:
First, you must be a registered and verified user on Binance.
By clicking on the “Earn” item and then on “Launchpad”, you can enter the dashboard that shows all the projects on the platform’s launch pad.
This type of product is not always available; There is actually a time limit in which you can “bet” your tokens.
There is none locking or fastening mechanisms; all assets can be redeemed at any time.
In the case of Launchpool of Radiant Capital’s RDNT crypto, the breeding period is 40 days. It is for now 34 days again for passive returns.
For each pool there is an APY, which is one annual percentage return and the total number of tokens placed in the bet.
Don’t be fooled by the APY numbers, this is a percentage that is hypothetically paid out over a YEAR and not over the entire farming period.
Nevertheless, Launchpool is still one great product to earn returns unbound from one’s time.
Therefore, if you already have BNB (and do not need to buy it and incur the risk of market volatility), why not agree to receive free tokens, even if it is in a reduced amount?
Radiant Capital project and RDNT crypto were useful to receive airdrop from Arbitrum
The RDNT crypto and its Radiant Capital platform was one of the horses to bet on to get Arbitrum’s latest airdrop.
As a reminder, Arbitrum Dao recently announced the release of its governance token to all early adopters in the ecosystem who have dedicated their time and funds to platforms like Radiant Capital and cryptoassets like RDNT.
The qualification criteria are very complex, and it would certainly not be enough to only operate on Radiant’s platform.
To qualify for the airdrop, it was necessary to be compliant in at least 3 of these points:
- after bridging Arbitrum one or Arbitrum Nova
- have made transactions on several occasions
- has interacted with several smart contracts
- to have made transactions with a value greater than $10,000
- after bridging Arbitrum One with a value greater than $10,000
- After making at least 3 transactions on Arbitrum Nova.
Beyond that is Radiant Capital and the RDNT crypto key pillars of Arbitrum’s infrastructure.
Radiant is the fourth largest protocol by value locked on Arbitrum’s blockchain, behind only GMX, Uniswap and Aave.
According to DefiLlama’s data, TVL on Arbitrum is $129 million, while on BSC it is $61 million. It is very interesting to note that the total blocked bets on Radiant are far greater than the entire market cap of the RDNT token.
