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Binance's venture capital division has infused $10 million into Radiant Capital, a decentralized finance (DeFi) lending and borrowing protocol.

The additional funds will be allocated to enhance technology and product development, encompassing the expansion of collateral and deployment on the Ethereum mainnet.

Radiant leverages the architecture of LayerZero Labs, another company within the Binance Labs portfolio. This cutting-edge lending platform has a primary goal of addressing DeFi's fragmented liquidity issue. It accomplishes this by functioning as a versatile money market where users can easily deposit and borrow assets across various blockchain networks.

Traders, referred to as Dynamic Liquidity Providers, have the opportunity to generate profits by staking the native RDNT token, earning interest and flash loan fees, while also gaining governance authority within the Radiant DAO. Additionally, the platform's fees are distributed in various cryptocurrencies such as bitcoin (BTC), ether (ETH), BNB Coin (BNB), and stablecoins.

Radiant, with a total value locked of approximately $265 million according to DeFi Llama data, is a platform that offers support for over 20 collateral options. As the Radiant DAO continues to expand its functionality to additional blockchain networks, it also plans to introduce more diverse options for collateral in the future.




"Radiant Capital's commitment to facilitating seamless cross-chain transactions for DeFi, and performance on Arbitrum and BNB Chain demonstrates its potential for driving mass adoption,” said Yi He, co-founder of Binance and head of Binance Labs, in the press release.

Radiant was constructed upon LayerZero's robust interoperability and cross-chain messaging infrastructure, securing an impressive $120 million in funding during April, with a valuation soaring to $3 billion.

The announcement of Binance's investment caused a remarkable surge in the Tokens of Radiant Capital (RDNT), with a gain of over 10% and reaching 31 cents.