Radiant Capital, a cross-chain lending protocol on Arbitrum, recently had a remarkable performance in the market. In the past month, its token price has increased 4x and its Total Value Locked has increased from $26M to over $60M.
Radiant Capital has been operating since the first half of 2022 and aims to be the first cross-chain lending protocol, allowing users to deposit any major asset on any major chain and cross-chain borrow various supported assets.
Radiant initially launched v1 on Arbitrum and its cross-chain interoperability is built on Layer Zero with Stargate. Radiant V2 aims to implement improvements in tokenomics, utility, new cross-chain capabilities, multiple new EVM chain launches, LayerZero OFT implementation .
The project posted a medium article on February 5 saying the version 2 is currently under auditing by both Peckshield and Zokyo, and could go live around February 16.