News/Arbitrum-based Lending Protocol Radiant Capital Launches V2

Arbitrum-based Lending Protocol Radiant Capital Launches V2

Mar 19,2023,11:22

Arbitrum-based cross-chain lending protocol Radiant Capital announced the launch of its V2.

In V2, Radiant Capital moves the previous ERC-20 $RDNT token to the LayerZero OFT (Omnichain Fungible Token) format, making cross-chain fee sharing more seamless and enables quicker launches on additional chains. Radiant Capital will deploy on BNB Chain soon. In addition, the V2 version will support more assets.

Meanwhile, Radiant Capital updates the $RDNT tokenomics. Starting from V2, only users who add liquidity into the protocol can be eligible to earn $RDNT emissions. The emissions are extended to 2027. Users can migrate their assets on V1 to V2 using the migration tool provided by Radiant Capital.

 

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