Radiant's Highlights from 2023: V2 Upgrade, Expansion, Growth, and Active Users
Radiant's Highlights from 2023: V2 Upgrade, Expansion, Growth, and Active Users
Radiant Capital had a successful year in 2023, with notable achievements and milestones. The V2 upgrade brought enhanced tokenomics, utility, and cross-chain capabilities to the platform. Radiant expanded to BNB and ETH Mainnet, getting closer to their omnichain vision. Deposits surged from $125M to $672.8M, and borrows grew from $90.3M to $329.7M. Dynamic liquidity providers added robustness and unlocked access to a portion of protocol fees, reaching a total of $105.8M. Radiant generated around $22M in fees from V2 alone. The active user base increased significantly from 37,409 to 389,250. The community can look forward to RFP-28, introducing components of Radiant V3.
After the storm, the sun always shines ✨ Acknowledging challenges faced, and emphasizing the resilience that defines Radiant, let's reflect on the brilliant successes from last year. Join us as we reflect on the highlights from Radiant's 2023. 🧵👇
Reserve Factor Updates for Arbitrum and BNB Chain Assets
Radiant Capital has implemented reserve factor adjustments across multiple assets on Arbitrum and BNB Chain: - **Arbitrum**: USDC, WBTC, WETH - **BNB Chain**: USDT, WBNB, BTCB The optimization increases the share of borrower interest fees allocated to depositors, enhancing platform efficiency. This update completes the reserve factor improvements for all markets on both chains. Start exploring the updated markets at [Radiant Capital](https://app.radiant.capital/#/markets)
Radiant Implements Limited Asset Allowances for Enhanced Security
Radiant has rolled out a significant security upgrade implementing limited allowances for asset approvals across their platform. This change marks a shift from the traditional unlimited approval model. Key updates: - Limited allowances now required for asset interactions - More restrictive default permissions - Greater user control over fund access - Alignment with evolving security standards This follows their earlier security improvements including deposit and borrow caps across markets, demonstrating ongoing commitment to platform safety.
Final Review Period for Balance Checking Closes April 30
The balance checker that has been active since February 2 is entering its final phase. Users have until Wednesday, April 30, 2025 to verify their data before numbers are finalized for the Remediation Plan. - Active since: Feb 2, 2025 - Deadline: April 30, 2025 Users should check their balances at the [official balance checker](https://docs.google.com/spreadsheets/d/1VyVtURYWKF-Hp6AoGdXSPwtZALmAwXezpP8snzYt4a4/edit?usp=sharing) before the window closes. **Action Required**: Review your balance now to ensure accuracy before final implementation.
Radiant Capital DAO Proposal: Accelerating RDNT Token Vesting
A new DAO proposal (RFP-46) aims to accelerate the vesting schedule for 200 million RDNT tokens in the Emissions Reserve. The proposal suggests: - Reducing vesting period from 3 to 2 years - Increasing token emissions to support higher APRs - Attracting more liquidity to Radiant Innovation Zone (RIZ) markets The goal is to expand liquidity and drive RIZ growth across multiple chains. Additionally, Super OETH, an innovative LST, is now available as a RIZ Market on Radiant: - Combines Ethereum staking rewards with Aerodrome incentives - Offers up to 4x leverage on Radiant - Currently earning up to 45% APY when maximally looped *Vote on the proposal:* [Snapshot link](https://snapshot.org/#/radiantcapital.eth/proposal/0xc9ded50bfb0aae1c957a94de44d65a2997694ac85703825f5ded16d43540bbb5)
Radiant Featured in OKX Web3's New Eco Hub
Radiant, the omnichain money market built on LayerZero, has been featured in the newly launched Eco Hub by OKX Web3. This inclusion highlights Radiant's growing prominence in the decentralized finance space. - Radiant offers cross-chain deposit and borrowing capabilities - OKX Web3's Eco Hub showcases notable blockchain projects - This feature may increase visibility for Radiant's innovative platform The collaboration between Radiant and OKX Web3 demonstrates the increasing integration of multi-chain solutions in the DeFi ecosystem. Users interested in exploring Radiant's services can now find more information through the OKX Web3 Eco Hub.