Radiant is an omnichain money market (provide collateral on one chain and borrow from another) that aims to aggregate fragmented liquidity across multiple chains.
Our interest in RDNT derived from the anticipated launch of V2 where an improved tokenomics design has changed how value flows through the protocol, and how users get rewarded for their interactions. V2 went live towards the end of March and was followed by Binance listing RDNT on March 30th.
The chart below shows the positive price action into that period, as demand for the RDNT token skyrocketed. We will attempt to explain the dynamics of why demand skyrocketed and what we think happens next.
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