Radiant V2 (RDNT)

Total Value Locked$3.6m
Chain Breakdown
Base$1.55m
Ethereum$1.02m
Arbitrum$947,886
BSC$73,208
Include in TVL (optional)
$4.32m
$2.78m
$4.32m
$3.12m
$183,451
$155,940
$110,032

Protocol Information

Radiant v2 introduces a migration to the LayerZero OFT format, improving cross-chain fee sharing, enabling faster launches on additional chains, and allowing native ownership of bridging contracts. This update addresses utility exchange concerns and eligibility for RDNT emissions by implementing changes to core protocol mechanics, emissions, utility, and enhancing cross-chain functionality

Category:Lending

Audits:

Token Information

Address:0x3082CC...50AaA0

Methodology

TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.

Fees: Interest and liquidation fees paid by borrowers

Revenue: 75% fees earned by Radiant and token holders

Hacks

Date:1/2/2024 (17 months ago)

Amount:$4.5m

Classification:Protocol Logic

Technique:Flashloan New Market Exploit

Chain:Arbitrum

Returned Funds:$0

Source

Date:10/16/2024 (8 months ago)

Amount:$53m

Classification:Protocol Logic

Technique:Access Control Exploit

Chain:BSC, Arbitrum

Returned Funds:$0

Source