What is Radiant Capital (RDNT)? How To Buy RDNT Token In India?

What is Radiant Capital (RDNT)?

In the traditional financial system, one is required to provide documents and collateral to a bank or other financial institution for availing a loan. DeFi lending protocols and blockchain solved this issue, allowing users to get a loan without going through third parties or submit multiple documents. However, if users wish to exchange an asset of one blockchain for an asset of another blockchain, they will have to navigate through a series of time-consuming multiple transactions. This creates a liquidity dispersion, ultimately leading to poor borrowing and lending experience.

Radiant Capital overcomes this problem by providing a seamless, user-friendly cross-chain borrowing and lending platform. It aims to be the first omnichain money market platform where a user can deposit any of the major crypto assets and borrow other supported assets from different blockchains. RDNT is native token of the Radiant platform, based on Layer zero OFT-20 token standard. RDNT is used for interest payment on borrowing, RDNT liquidity mining emission, and a penalty fee on early withdrawal.

Who are the Founders of Radiant Capital?

Radiant Capital was launched in July 2022, and its project development was entirely funded by initial founders and developers. According to Radiant documents, its core team has 5 members: George, Tom, Aaron, Liam, and Roger. Radiant DAO governs and works out the development and proposals of the Capital Radiant platform.

How does Radiant Capital work?

Radiant Capital’s self-custody DeFi lending protocol utilize the security of the Ethereum blockchain through Arbitrum layer 2 scaling solution. This lowers transaction processing fees and increases platform throughput. Furthermore, LayerZero Labs OFT interoperability solution powers Radiant native and cross-chain token transfers. RDNT token is OFT based and thus can exist on several dApps and blockchains, allowing users to create complex strategies and arbitrage opportunities.

Radiant also utilize a Stargate stable router interface for its cross-chain borrow and bridge functions.

What makes RDNT Unique-Use Cases?

• Radiant Capital infrastructure offers users seamless interoperability between various blockchains and digital assets.
• Users can lock their RDNT tokens in the platform multiFeeDistribution smart contract to participate in Radiant DAO governance and proposal voting.
• Radiant Liquidity providers also receive RDNT emissions for lending and borrowing on the platform and earn a share of generated platform fees.
• Radiant partners include Layer Zero Labs, ChainLink, Lido, PancakeSwap, etc.
• Radiant v2 protocol is audited by various leading security firms, including BlockSecTeam, Peckshield, and Zokyo, to ensure the safety and security of user funds.

Radiant Capital (RDNT) Price Analysis

• RDNT price today is trading at $0.3005, with a 24-hour trading volume of $26 million. In the last 24 hours, the RDNT price has dropped about 0.40%. The market cap of RDNT is standing at $79,969,632 as of June 9, 2023.
• RDNT price has been falling since April end and is currently trading in a consolidated range of $0.34-$0.24.
• However, If the RDNT price continues to show strength, it might possibly touch $0.38 in a few weeks.

How to Buy RDNT Tokens in India?

To buy RDNT Token in India, just follow the below-mentioned steps:

• Download the CoinDCX App on your Smartphone
• Enter the details required for registration.
• Complete KYC
• After your profile is verified, fund your wallet and buy RDNT