Radiant Capital pioneered cross-chain lending via LayerZero — collateral on one chain, borrow on another. RDNT token utility, growing chain deployment, though a $50M+ exploit in 2024 damaged reputation. Now recovering with improved security.
What Radiant offers
Cross-chain lending on Arbitrum, BNB, and Ethereum via LayerZero. Users deposit collateral on their preferred chain and can borrow assets on any supported destination chain.
The 2024 exploit
Radiant was drained of $50M+ in late 2024 via an ownership-key compromise. The team acknowledged the incident and worked to remediate. Users should size positions cautiously given the history.
Verdict
Radiant's cross-chain lending is genuinely novel. The 2024 exploit is a real caveat requiring cautious sizing until Radiant demonstrates sustained clean operation.