Deepika- Radiant is a platform that harmonises cross-chain landings
- Radpie is the Next-Generation Yield Optimizer for Radiant Capital
The decentralised market has achieved new heights ever since its launch. It has grown every day. Satoshi Nakamoto laid the foundation of this system in 2009 and within a decade, the decentralised market has expanded from zero to $1.25 Trillion today. It is expected to expand even more rapidly in the future, reaching $6.716 Trillion by 2025. It has already started replacing the current centralised system, which is the ultimate aim of the decentralised system: to completely replace the centralised system. which is biased and can be manipulated. A decentralised system rests the final decision-making power in the hands of its users.
The main reason for such rapid growth of the DeFi system is the innovation and partnerships which constantly upgrade it. Today we will discuss one such partnership: the partnership between Radiant Capital and Magpie, which gave birth to the Radpie, a novel optimization solution that will enhance the working of the Radiant Capital through a Sub DAO Model. Let’s dive a bit deeper into this partnership by first understanding what Radiant is.
What is Radiant?
Radiant is an exclusive platform specially built on layer zero for a smooth cross-chain borrowing and lending protocol. This protocol functions on top of layer zero and leverages Stargate’s stable router interface for seamless cross-chain transactions. Another cool feature that this project provides is the Decentralised Bounty System. This system allows the platform to ensure liquidity requirements for all users and incentivizes long-term liquidity providers by directing emissions to the correct users.
Since Radium is a decentralised project, its governance system involves high user participation. Token holders have the ability to discuss different proposals on the Radiant discussion platform and vote for its own chain proposals.
RDNT token
Radiant has its own token, which is called RDNT. At the time of writing this article, RDNT is trading at $0.2853 with a market cap of $78,938,619. In the last 24 hours, the trading volume of this token was $11,481,882. Its circulating supply is 276,670,606 RDNT, and it too has a maximum supply which is fixed at 1,000,000,000 RDNT tokens, which means 28% of the token is already in circulation.
Holder of this token gets the governance rights in Radiant.
This was all about Radiant. Now, let’s discuss Radpie and how it provides utility to the Radiant ecosystem.
What is Radpie?
Radpie offers many benefits to the Radiant network. For example, it elevates the user experience on the Radiant network by providing much-needed long-term sustainability to the radiant network. It uses the infrastructure of the Radiant network, and maximises user returns.
This strategy not only encourages more and more users but also appreciates the existing users for being part of the network. It also has a policy called the ‘no lookup requirement’ which helps boost the yield. Here’s how this system works: Users will lock their assets for a period that varies between one to twelve months. During this time, the assets will not be available to the users because they are in a lock-in period.
