Radiant - v1
The First Omnichain Money Market
Radiant v1 launched as the protocol’s first iteration toward unifying fragmented liquidity across chains. Deployed exclusively on Arbitrum, it introduced the core mechanics of lending and borrowing while laying the groundwork for Radiant’s omnichain vision.
Core Mechanics
Lending & Borrowing on Arbitrum Users deposited collateral such as ETH, BTC, or stablecoins into Radiant’s money market on Arbitrum, earning interest while enabling borrowers to access liquidity without selling their assets.
Cross-Chain Borrowing (via Stargate) Through integration with Stargate’s stable router interface, borrowers could direct their withdrawals to other supported chains. This meant that even in its earliest form, Radiant allowed users to take out loans in different chains while collateral remained on Arbitrum.
Fee Distribution Model Platform fees were split evenly: 50% to lenders (deposit APY), and 50% to RDNT lockers through vesting and locked rewards. This created a direct link between liquidity providers, active token holders, and the growth of the DAO.
Vesting & Early Exit Penalty Rewards in RDNT vested linearly over 28 days. Users could:
Wait the full vesting period and claim 100%.
Exit early with a 50% penalty.
Penalties were redistributed to lockers, creating sustainable yield for long-term participants.
RDNT Utility in v1 Locking RDNT granted access to platform and penalty fees, paid in blue-chip assets (ETH, BTC, stablecoins), while also serving as the protocol’s first governance token.
Security Foundations
Contracts audited by PeckShield and Solidity Finance.
A post-launch bug bounty program added an additional layer of security.
Early governance relied on the Radiant DAO, which introduced time-locked proposals and community-driven changes.
Lessons from v1
Radiant v1 proved that cross-chain money markets were possible, but also revealed important lessons that shaped the design of v2 and v3:
Tokenomics Calibration was required to align RDNT emissions with protocol revenue and long-term growth.
Cross-Chain Limitations: v1 enabled borrowers to withdraw liquidity on other chains via Stargate routing, but the RDNT token itself was not yet omnichain. Without OFT functionality, RDNT remained siloed on Arbitrum, which limited true interoperability and native deployments on additional networks.
Community Transparency: unclear token allocations and timelock communication at launch highlighted the need for stronger DAO governance.
Sustainable Liquidity: long-term participation needed mechanisms that rewarded aligned users, beyond short-term APYs.
Transition to v2
A major milestone after v1 was the migration of the RDNT token into an Omnichain Fungible Token (OFT) via LayerZero, enabling seamless transfers of RDNT across supported chains. This upgrade, combined with the launch of Radiant on additional networks (beginning with BNB Chain), marked the beginning of true omnichain deployment.
Radiant v1 was officially sunset following the launch of v2 in March 2023 and the ratification of RFP-43 on August 21, 2024, which formalized the closure of the original protocol. During the transition window, users had sufficient time to vest their RDNT, migrate via the official wizard, and withdraw funds from v1 contracts without penalties.
The migration wizard is no longer funded or supported. However, resources remain available for users who still hold v1 RDNT or funds in v1 contracts:
Important Notice Radiant v1 is permanently deprecated and no longer supported. The DAO provided ample time and announcements before sunsetting v1.
The support team does not actively handle v1-related issues anymore. Still, whenever possible, the community and contributors may assist on a best-effort basis.
Any interaction with legacy contracts is at your own risk — always verify contract addresses before proceeding.
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