Lending Protocol Radiant Capital to Launch on Ethereum on October 3

Omnichain lending protocol Radiant Capital announced it will launch on the Ethereum mainnet on October 3, 2023.

According to Radiant Capital, there are $70B in stablecoins on Ethereum, many of which are not utilized to generate yield or earn less than US treasuries, and the protocol aims to use dLP, its incentive model, to grab market share.

dLP is the $RDNT LP token on Balancer (Arbitrum) or PancakeSwap (BNB Chain). Users need to deposit funds into Radiant Capital and lock dLP to earn platform fees as well as $RDNT emissions.

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