{"id":38909,"date":"2023-07-21T23:17:26","date_gmt":"2023-07-22T03:17:26","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/binance-labs-pours-10-million-into-cross-chain-defi-lender-radiant-capital\/"},"modified":"2023-07-21T23:17:28","modified_gmt":"2023-07-22T03:17:28","slug":"binance-labs-pours-10-million-into-cross-chain-defi-lender-radiant-capital","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=38909","title":{"rendered":"Binance Labs Pours $10 Million into Cross-Chain DeFi Lender, Radiant Capital"},"content":{"rendered":"
\n

Crypto exchange Binance\u2019s venture capital arm \u2013 Binance Labs \u2013 has invested $10 million in Radiant Capital, a marketplace for providing liquidity and borrowing cross-chain assets.<\/p>\n

Announced Thursday, the strategic funding round will help Radiant build new technologies and product development to expand on oracle support, collateral expansion, deploying Ethereum mainnet, cross-chain liquidations and more.<\/p>\n

Additionally, Radiant would make it simpler for consumers to lend and borrow money across various blockchains to tackle the liquidity problem in the DeFi space. The company aims to expand to several EVM chains and support full LayerZero messaging.<\/p>\n

\u201cTheir investment will play a crucial role in propelling Radiant to new heights as the protocol expands to new chains, continues to scale, and drives utility back into the ecosystem,\u201d George Macallan, founder of Radiant Capital noted.<\/p>\n

The funding is a part of Binance Lab\u2019s commitment to support innovative projects in the ecosystem, \u201cthat will lead the next era of DeFi in a chain-agnostic and user-centric manner,\u201d the announcement said.<\/p>\n

Radiant believes that the developments will see the next 100 million users come into and benefit from decentralized finance (DeFi). Macallan noted that the partnership with Binance Labs allows his platform to benefit from Binance\u2019s \u201cextensive expertise, resources, and strategic support.\u201d<\/p>\n

\u201cRadiant Capital’s mission is to usher in a new era of DeFi focused on providing a seamless, secure, and easy-to-use omnichain lending experience. This is critical to the DAO’s end goal of onboarding the next generation of DeFi into the Web3 ecosystem.\u201d<\/p>\n

Radiant\u2019s Native Token RDNT Reacts Positive<\/h2>\n

Following the announcement of the collaboration with Binance Labs, the native token of Radiant rose 10% to near $0.32. RDNT functions as a utility token of the Radiant ecosystem.<\/p>\n

The price movement has coincided with volume below its average level and the token\u2019s market cap has risen. RDNT\u2019s market cap sits at $89,323,715 at press time, and given the price movement relative to the recent changes in market cap and volume, the token is a low risk assessment.<\/p>\n

The token reached its all-time high price of $0.49 in March 2023 where it grew by almost 1.6 times in just one month.<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto exchange Binance\u2019s venture capital arm \u2013 Binance Labs \u2013 has invested $10 million in Radiant Capital, a marketplace for providing liquidity and borrowing cross-chain assets. Announced Thursday, the strategic funding round will help Radiant build new technologies and product development to expand on oracle support, collateral expansion, deploying Ethereum mainnet, cross-chain liquidations and more. […]<\/p>\n","protected":false},"author":1,"featured_media":27547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-38909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nBinance Labs Pours $10 Million into Cross-Chain DeFi Lender, Radiant Capital | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Crypto exchange Binance\u2019s venture capital arm \u2013 Binance Labs \u2013 has invested $10 million in Radiant Capital, a marketplace for providing liquidity and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=38909\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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