đ¨ Radiant Capital (RDNT) Rallies +20% to $0.028 â Whatâs Fueling the Surge? đ¨
đ Whatâs Going On?
RDNT just spiked +20%, hitting around $0.028 today thanks to strong momentum behind RFPâ44 (Request For Proposal 44)âa governance proposal optimizing token emissions and locked-staking incentives to enhance utility and reduce sell pressure.
đĽ 2024 Security Reminder
Despite todayâs rally, it's worth remembering the $51âŻM exploit in October 2024 across Radiantâs Arbitrum and BNB Chain deploymentsâan exploit that drained funds via a backdoor contract . That incident led to improved multisig and security enhancements.
đ§ Why the Spike?
â RFPâ44 reallocates ~125âŻM RDNT for locked-token rewards, adds weekly rebalance & vesting graceâboosting confidence.
â Bullish technicals: Classic chart patterns suggest more upside ahead.
đ What Is Radiant Capital (RDNT)?
An omnichain DeFi money market enabling cross-chain lending/borrowing (Arbitrum, BNB, EthereumâŚ) via LayerZero/Stargate, with dynamic Liquidity Providers (dLPs) earning RDNT + fees through lock-ups and governance participation.
đź Utility & Use Case
â Deposit on one network, withdraw on anotherâmaximum flexibility.
â dLP incentives align liquidity providers with long-term protocol health.
â Locked RDNT = governance voice + implicit stability.
đŽ Growth Potential
â Expanding chain integrationsâmore networks ahead.
â Strong fundamentals: ~$620âŻM TVL and ~$576K in weekly fees.
â Tokenomics encouraging holder loyalty and protocol resilience.
â Bottom Line
RDNT's +20% surge links to rising trust in Radiantâs RFPâ44-driven mechanics and its evolving token model. Keep watch on implementation, chain adoption, and on-chain metricsâespecially as the project continues to bolster security postâexploit.