Credit · Lending · RDNT
Radiant Capital is a cross-chain money market that lets users deposit on one chain and borrow on another, unifying fragmented liquidity through LayerZero.
Omnichain money market via LayerZero.
RDNT price
$0.0004
+2.8% 24h
Latest data · 15 min delay
Radiant Capital was an omnichain money market: users deposited on one chain and borrowed against that collateral with withdrawals routed to other chains, initially through Stargate's stable router while collateral remained on Arbitrum (Radiant docs). It was built on Aave contracts, evident in its GitHub organisation which forks `bgd-labs/aave-helpers` and `aave/aave-utilities` (GitHub). The economic model paid 50% of platform fees to lenders and 50% to RDNT lockers, with RDNT rewards vesting linearly over 28 days and a 50% early-exit penalty redistributed to lockers (Radiant docs). That model is now irrelevant: after the 16 October 2024 exploit the DAO began a formal wind-down on 1 June 2026, disabling lending across all Core and RIZv1 markets and ceasing RDNT emissions (Binance Square). What remains is a withdrawal-and-remediation shell.
Omnichain lending: deposits and borrows are bridged across chains via LayerZero rather than confined to a single network's liquidity.
Cross-chain money markets with unified liquidity via LayerZero messaging.
Liquidity mining token incentivizing cross-chain supply and borrow.
Radiant launched in 2022, deployed exclusively on Arbitrum for v1; v1 was sunset following the v2 launch in March 2023 and RFP-43 ratification on 21 August 2024
Crypto.newsRadiant V2 and RIZv1, both with lending disabled since 1 June 2026 under the DAO wind-down
Binance SquareSupernova Holdings is the Radiant foundation
Radiant docsRDNT, with governance rights held by locked RDNT in the `multiFeeDistribution` contract. RDNT was migrated to a LayerZero Omnichain Fungible Token
Radiant docsDiscourse forum at community.radiant.capital (RFP Idea stage, minimum 2,500 locked RDNT to author, 7-day feedback) then a formal Snapshot proposal
Radiant docsArbitrum, Ethereum, Base and BNB Chain, all in withdrawal-only mode
DefiLlama protocol API$613,179 as of 26 July 2026 (Ethereum $203,146, Arbitrum $184,850, Base $164,190, BNB $60,994), with $214,120 borrowed. Peak TVL was $386.8M in December 2023
DefiLlama protocol APIPeckShield and Solidity Finance audited the v1 contracts; DefiLlama links the Solidity Finance audit as the protocol's audit reference
Radiant docsA post-launch bug bounty programme existed and a Recovery Bounty Program incentivises ethical fund return, but no maximum payout is stated in the fetched sources, so `n.a.`
Radiant docshttps://docs.radiant.capital
Radiant docshttps://github.com/radiant-capital, 15 repositories, pinned repo `radiant-protocol`, including forks of `bgd-labs/aave-helpers` and `aave/aave-utilities`
GitHubClosest analogue
a failed non-bank lender in members' voluntary liquidation, where the operating business is closed, the loan book is being run off, and a claims administrator distributes recoveries in tranches.
Underwriting
Radiant Capital
Historically Aave-style asset-level parameters on blue-chip collateral (ETH, BTC, stablecoins); no new lending is written at all since 1 June 2026
TradFi analogue
A lender in run-off: existing book only, no new origination
Collateral
Radiant Capital
Crypto collateral posted on Arbitrum with cross-chain withdrawal via Stargate
TradFi analogue
Cross-border collateral pledged in one jurisdiction and drawn in another
Settlement
Radiant Capital
Smart contracts remain immutable and accessible; the front-end runs until end of 2026 and the remediation portal indefinitely
TradFi analogue
Liquidator maintains a claims portal after the trading platform closes
Rate setting
Radiant Capital
Historically -driven with 50/50 fee split between lenders and RDNT lockers; RDNT emissions ceased 1 June 2026
TradFi analogue
Run-off book accrues contractual interest; no new pricing decisions
Recourse on default
Radiant Capital
Claimants rank by class: lending-market depositors get 1:1 in-kind subject to available funds; unlimited-allowance wallet drains are not eligible; a Convenience Class of $10 to $1,000 claims takes a 30% haircut and covers 95% (28K) of users but only 2% of total loss
TradFi analogue
Creditor waterfall with a small-claims class settled at a discount for administrative efficiency
Regulation
Radiant Capital
No licence. Radiant worked with US law enforcement and ZeroShadow after the exploit; the wind-down was ratified by an annually elected community council
TradFi analogue
Insolvency practitioner acting under statute, coordinating with law enforcement on fraud
Radiant Council
Three members appointed by plurality vote of locked RDNT holders. Inaugural six-month term began 17 September 2022 under RFP-1; subsequent councils serve 12-month terms, with a new Council vote-in date in February 2026. Removal requires a two-thirds majority; nomination requires at least 25,000 locked RDNT
SourceAdmin multisigs (pre-exploit)
Ethereum 0x0235a22a38Dd09291800e097bD2ebE6e3b4d5F04 (3 of 9), BSC 0xE4714D6BD9a6c0F6194C1aa8602850b0a1cE1416 (3 of 11), Base 0xBBf7eDF92926b775A434f9DF15860f4CD268B0A0 (3 of 9), Arbitrum 0x111CEEee040739fD91D29C34C33E6B3E112F2177 (3 of 11)
SourceZeroShadow
Fund-tracing partner engaged after the exploit; remains involved within available resources through the wind-down
SourceNamed founders
n.a., no named founders appear in the fetched sources
RDNT token launch and locked-RDNT distribution
2022Remediation funding from protocol revenue, DAO treasury, adjusted emissions, reserves, new investments and partner contributions
Post-October 2024Not disclosed as a single figure
No venture funding round is documented in the fetched sources. Radiant's capital came from its RDNT token and protocol revenue rather than an identified equity raise, and the remediation multisig is funded from protocol revenue, DAO treasury, adjusted emissions, reserves, new investments and new partner contributions (Radiant docs).
Key milestones: launches, upgrades, exploits and governance events.
Radiant v1 launches on Arbitrum, audited by PeckShield and Solidity Finance
StatedEstablishes the omnichain lending thesis on an L2
SourceInaugural six-month Radiant Council term begins under RFP-1
StatedFormalises DAO governance with a three-member council
SourceRadiant v2 launches; RDNT migrates to a LayerZero OFT and the protocol expands to BNB Chain
StatedBegins true omnichain deployment
SourceFlash-loan attack drains roughly 1,900 ETH (~$4.5M) from Arbitrum markets
StatedFirst security failure, nine months before the fatal one
SourceExploit drains roughly $50M. Attackers compromised the devices of at least three developers; Safe{Wallet} front-ends displayed legitimate data while malicious `transferOwnership` transactions were signed, and Tenderly simulations plus manual review returned normal, described as completely undetectable
StatedThe defining event; a 3-of-11 multisig meant three compromised signers were enough
SourceMandiant attributes the attack to UNC4736, also tracked as AppleJeus or Citrine Sleet, assessed with high confidence as DPRK-nexus aligned with the Reconnaissance General Bureau; the INLETDRIFT macOS backdoor was delivered five weeks earlier via a Telegram message impersonating a former Radiant contractor
StatedNation-state attribution, which changes the recovery and insurance calculus
SourceRFP-43 ratified, formally sunsetting Radiant v1
StatedConsolidates onto v2 shortly before the exploit
SourceConvenience Class distribution begins: $10 to $1,000 claims at a 30% haircut, covering 95% (28K) of users and 2% of total loss
StatedThe only remediation tranche that actually shipped on schedule
SourceCertiK reports attacker-linked wallets deposited 2,834 ETH into Tornado Cash, roughly $10.8M laundered
StatedRecovery prospects deteriorate
SourceBinance announces RDNT delisting on 18 March, halts spot trading 1 April and ends withdrawals 1 June 2026; OKX delisted January 2025 and Crypto.com July 2025
StatedLiquidity for the token disappears
SourceDAO wind-down begins: lending disabled across all Core and RIZv1 markets, RDNT emissions cease, treasury restricted to essential matters. TVL $2.21M, market cap $1.96M, RDNT around $0.0015, rank #2356
StatedEnd of Radiant as an operating protocol
SourceOn 16 October 2024 attackers compromised the devices of at least three Radiant developers through sophisticated malware injection. The Safe{Wallet} front-end displayed legitimate transaction data while malicious `transferOwnership` transactions were signed in the background; error messages prompted re-signing, yielding three valid malicious signatures. Tenderly simulations and manual review both returned normal, and Radiant described the compromise as completely undetectable (Radiant post mortem). The loss is reported at roughly $50M by Radiant and crypto.news, $53M by Mandiant-linked coverage and $51M by a security researcher cited in The Block (Crypto.news, The Block).
Mandiant attributed the attack to UNC4736, also tracked as AppleJeus or Citrine Sleet, and assessed with high confidence that it has a DPRK nexus aligned with the Reconnaissance General Bureau. The initial access vector was an INLETDRIFT macOS backdoor delivered five weeks earlier via a Telegram message impersonating a former Radiant contractor (The Defiant).
Because the threshold was three and the attacker compromised three signer devices. The admin multisigs were 3-of-9 on Ethereum and Base and 3-of-11 on BSC and Arbitrum (Radiant post mortem); The Defiant makes the point directly that the 3-of-11 configuration meant only three compromised devices were needed (The Defiant).
No. The DAO wind-down began 1 June 2026. Lending is disabled across all Core and RIZv1 markets, RDNT emissions have ceased and treasury usage is restricted to essential matters. Users can still withdraw, repay, close positions, claim rewards and unlock dLP tokens; contracts remain immutable and accessible, the website runs until end of 2026 and the remediation portal remains available indefinitely (Binance Square). The Block reported the DAO's own conclusion that there was no viable path forward and that it moves to a maintenance state (The Block).
Not reliably. Eligible lending-market deposit losses are to be remediated 1:1 in kind, but only subject to available funds from protocol fees, future investments and partner contributions, and the plan explicitly does not guarantee full remediation, remaining subject to governance votes, treasury constraints and technical feasibility (Radiant docs). Unlimited-allowance wallet drains are not eligible after a separate proposal failed quorum. With TVL at $613,179 on 26 July 2026 (DefiLlama) and roughly $10.8M already laundered through Tornado Cash (The Defiant), the recovery pool is minimal.
A February 2026 roadmap had committed to core blue-chip lending on upgraded Aave contracts plus isolated markets on Morpho, retiring the legacy RIZv1 stack. Recovery efforts included RFP-47, a merged-claim-contract approach, the Radiant Guardian Fund under RFP-52 and phased remediation for Convenience claimants, with payouts targeted for Q3 and Q4 2025 that then slipped (The Defiant, Radiant docs).
Effectively no. At the wind-down announcement RDNT traded around $0.0015 with a $1.96M market cap and a rank of #2356, and Binance, OKX and Crypto.com had all delisted it by June 2026 (The Defiant).
Bull case
Contracts remain immutable and accessible and the remediation portal is available indefinitely, so users retain the ability to withdraw, repay, close positions, claim rewards and unlock dLP tokens (Binance Square).
Binance SquareThe wind-down is orderly and governance-ratified rather than abandoned: a community council administers the plan, zeroShadow remains engaged within available resources and any recovered funds pass to affected investors (Binance Square, Radiant docs).
Binance SquareThe Convenience Class actually delivered for the large majority of claimants: $10 to $1,000 claims at a 30% haircut covering 95% (28K) of affected users, distribution beginning Q4 2025 (Radiant docs).
Radiant docsThe post mortem is unusually candid and technically detailed, naming compromised addresses, devices and multisig thresholds, which makes it a usable operational-security reference for other protocols (Radiant post mortem).
Radiant post mortemBear case
The protocol is dead as a going concern: lending disabled everywhere since 1 June 2026, emissions ceased, the DAO in a maintenance state with no viable path forward (Binance Square, The Block).
Binance SquareCapital destruction was near-total: $386.8M peak TVL in December 2023 down to $613,179 on 26 July 2026 (Crypto.news, DefiLlama).
Crypto.newsRecovery is essentially off the table: CertiK observed 2,834 ETH, roughly $10.8M, moved through Tornado Cash by October 2025, and the attacker is a DPRK-nexus group (The Defiant).
The DefiantRemediation is explicitly unguaranteed and one claim class was excluded entirely: unlimited-allowance wallet drains are not eligible after a proposal failed quorum (Radiant docs).
Radiant docsExternal publications on this protocol: risk assessments, analyst reports, audits and post mortems.
Primary account: three compromised developer devices, spoofed Safe{Wallet} front-end, clean Tenderly simulations, named multisig thresholds
Independent write-up of the second and fatal Radiant incident
Security-firm breakdown of the signing-flow compromise
Consolidates the UNC4736 attribution, INLETDRIFT vector, Tornado Cash laundering and the final TVL and market-cap numbers
Reports the DAO's own statement that no viable path forward exists
Isolates the exploit's effect on the RIZ isolated-vault product specifically
The relaunch plan that ultimately did not succeed
Pre-exploit institutional profile of the omnichain lending model
The audit DefiLlama links as Radiant's security reference, notable because the failure was operational rather than in contract code
