Total Value Locked$698,477.91
TVL by Chain
Ethereum$236,079.72
Base$202,147.12
Arbitrum$195,679.79
BSC$64,571.28
Key Metrics
Fees (Annualized)$52,941.85
Fees 30d$338.85
Base$281.34
Ethereum$49
Arbitrum$9
BSC$0
Fees 7d$254.62
Base$252
Arbitrum$3.11
BSC$0
Ethereum$0
Fees 24h$0.58
Base$0.51
Arbitrum$0.07
BSC$0
Ethereum$0
Cumulative Fees$29.49m
Arbitrum$16.99m
BSC$9.65m
Ethereum$2.64m
Base$211,309.85
Revenue (Annualized)$45,122.85
Revenue 30d$338.85
Base$281.34
Ethereum$49
Arbitrum$9
BSC$0
Revenue 7d$254.62
Base$252
Arbitrum$3.11
BSC$0
Ethereum$0
Revenue 24h$0.58
Base$0.51
Arbitrum$0.07
BSC$0
Ethereum$0
Cumulative Revenue$22.22m
Arbitrum$12.79m
BSC$7.26m
Ethereum$2.01m
Base$167,550.85
Holders Revenue (Annualized)$31,771.98
Holders Revenue 30d$203.98
Base$169.6
Ethereum$29
Arbitrum$5.38
BSC$0
Holders Revenue 7d$153.86
Base$152
Arbitrum$1.86
BSC$0
Ethereum$0
Holders Revenue 24h$0.35
Base$0.31
Arbitrum$0.04
BSC$0
Ethereum$0
Cumulative Holders Revenue$17.69m
Arbitrum$10.19m
BSC$5.79m
Ethereum$1.58m
Base$126,779.91
Active Loans$259,569.74
$RDNT Liquidity$3.19m
Balancer V2$2.5m
Aerodrome Slipstream$360,275
Balancer V2$314,296
Uniswap V3$15,644
Protocol Information
Radiant v2 introduces a migration to the LayerZero OFT format, improving cross-chain fee sharing, enabling faster launches on additional chains, and allowing native ownership of bridging contracts. This update addresses utility exchange concerns and eligibility for RDNT emissions by implementing changes to core protocol mechanics, emissions, utility, and enhancing cross-chain functionality
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubFees: Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.View code on GitHubRevenue: All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).View code on GitHubHolders Revenue: Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers.View code on GitHubHacks
Date: Jan 2, 2024
Amount: $4.5m
Classification: Token & Share Accounting
Technique: Rounding Error
Chains: Arbitrum
Language: Solidity
Target Type: DeFi Protocol
Date: Oct 16, 2024
Amount: $50m
Classification: Social Engineering
Technique: Blind Signing
Chains: BSC, Arbitrum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Radiant V2?
Radiant v2 introduces a migration to the LayerZero OFT format, improving cross-chain fee sharing, enabling faster launches on additional chains, and allowing native ownership of bridging contracts. This update addresses utility exchange concerns and eligibility for RDNT emissions by implementing changes to core protocol mechanics, emissions, utility, and enhancing cross-chain functionality
What is Radiant V2's TVL?
Radiant V2 currently has $698,477.91 in total value locked. TVL has increased 11.9% over the past 30 days.
What chains does Radiant V2 operate on?
Radiant V2 operates on 4 chains: Ethereum, BSC, Base, and Arbitrum. Ethereum holds the largest share at 33.8%.
How much has Radiant V2 generated in fees and revenue?
Over the past 30 days, Radiant V2 generated $338.85 in fees. Of that, $338.85 was protocol revenue. Based on the trailing year, the annualized rate is $52,941.85 in fees and $45,122.85 in revenue.
How does Radiant V2's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Radiant V2 ranks #144 by TVL. The category holds $49.186b across 514 protocols, and Radiant V2 accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, Venus Core Pool, Euler V2, TermMax, Native Credit Pool, Unitus, Folks Finance xChain, OmniBTC, and Avalon Finance.
How much has been borrowed through Radiant V2?
Radiant V2 currently has $259,569.74 in active loans.
Has Radiant V2 ever been exploited?
Radiant V2 has 2 recorded security incidents. The most recent incident occurred on Oct 16, 2024 and involved $50m. It was classified as Social Engineering.
