Binance Launches Radiant Capital (RDNT) On Launchpool
Binance, one of the world’s leading cryptocurrency exchanges, has announced the addition of Radiant Capital (RDNT) to its Launchpool program. Radiant Capital is an omnichain money market protocol built on LayerZero, and its launch on Binance Launchpool is set to begin on March 31, 2023.
Introducing @RDNTCapital $RDNT on #Binance Launchpool!
Farm #RDNT by staking #BNB and $TUSD.
➡️ https://t.co/c8bJxmpZ98 pic.twitter.com/97pDO8C9y1
— Binance (@binance) March 30, 2023
Staking BNB and TUSD on Binance Launchpool
Users will be able to stake their Binance Coin (BNB) and TrueUSD (TUSD) in separate pools to farm RDNT tokens over a period of 40 days, with farming set to begin on March 31, 2023, at 00:00 UTC. The total token supply of RDNT is 1 billion, and 15 million RDNT tokens, or 1.5% of the total token supply, will be distributed as rewards to Launchpool participants.
The staking terms for the RDNT Launchpool require users to complete KYC verification, but there is no upper limit to the amount that can be staked. The rewards distribution for staking BNB and TUSD is set at 80% and 20%, respectively.
Radiant Capital Protocol
Binance Launchpool will distribute a total of 375,000 RDNT tokens every day over the 40-day farming period. Of the total daily rewards, 80% will be allocated to the BNB pool, while the remaining 20% will be allocated to the TUSD pool.
Radiant Capital’s money market protocol aims to provide users with a seamless, efficient, and cost-effective way to earn yield on their digital assets. The platform supports a wide range of assets and offers competitive interest rates for lenders and borrowers.
Strengthening Launchpool
The launch of RDNT on Binance Launchpool provides an opportunity for users to participate in the growth of a promising omnichain money market protocol while earning rewards for staking their BNB and TUSD tokens. The launch is expected to attract a significant number of users to Binance Launchpool, further strengthening the platform’s position as a leading launchpad for new cryptocurrency projects.
