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Arbitrum-Based Radiant Capital Targets Outsized Platform Profitability With V2 Launch

Arbitrum-based decentralized finance (DeFi) protocol Radiant will soon release its version 2 (v2) as part of a broader plan that developers say would eventually help make Radiant the “most profitable” protocol in the sector.

Radiant’s product will eventually allow users to deposit any major asset on any major blockchain and borrow various supported assets across other blockchains. This is unlike most current DeFi products, which allow users to deposit and borrow assets only on one blockchain.

Over time, a cross-chain money market could serve as a major source of liquidity for DeFi applications on other blockchains, attracting revenues, generating fees and rewarding users with RDNT tokens in return for providing liquidity.

(By Shaurya Malwa)

DeFi
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