Binance has unveiled the Radiant Capital Launchpool, which allows you to win RDNT tokens for 40 days. We take a closer look at what you need to know to participate in this operation.
Binance launches the Radiant Capital Launchpool (RDNT)
Binance unveiled a new Launchpool yesterday: the one of Radiant Capital (RDNT). This 32nd project highlighted on the Launchpool will allow depositing TUSD sandcoin and BNB tokens to earn RDNT for 40 days.
The advantage of this process is that the cryptocurrencies allocated to the Launchpool are not locked, allowing investors to exit whenever they want. A total of 15 million RDNT will be redistributed to the community in this way, which is 1.5% of the total amount of tokens.
How to participate in the Launchpool
To participate in the Binance Launchpool of Radiant Capital, you must own BNB or TUSD. This means that you must already own this stablecoin, or trust it for the duration of the operation. By extension, this also applies to BNB: if you don’t have any in your wallet, keep in mind that it might not be profitable for you to buy some on purpose for the occasion.
If you want to participate, go to Passive Income → Launchpad, and you’ll have until May 9 to win RDNTs:
Radiant’s Binance Launchpool farming pools
Here Binance talks about “staking”, but it is important to clarify that this is not in the true sense of the word, as the operation has nothing to do with securing a blockchain. Nonetheless, placing TUSD in the cash pool earns the equivalent of 7.43% per year versus 2.22% for the NBB.
Rewards are distributed throughout the day at regular intervals. For the TUSD pool, 75,000 RDNTs are shared among investors each day versus 300,000 on the BNB side, so the percentage value of returns depends on the number of participants, but also on the price of the assets involved.
Unlike a Launchpad, RDNT is already available for trading on Binance, which means that the investor who does not want to keep the token can choose to sell it as and when it is needed. However, if the amount is too small in dollar value, it may not be possible to trade it. In this case, the “Convert small balances to NBB” option may be a solution from the Spot portfolio menu.
What is the Radiant Capital project?
Radiant Capital is a decentralized debt marketplace that works in a similar way to the Aave protocol. It is thus possible to borrow cryptocurrencies by depositing collateral.
Currently, the protocol operates on Arbitrum (ARB) and the NBB Smart Chain, and it is built on Layer Zero technology. Interestingly, this project does not have tokens yet, and it is possible that people who use applications based on Layer Zero technology will make themselves eligible for an airdrop in the future.
While the conditional is important, Radiant Capital was nevertheless presented by the experts of our private group TCN Research last week, to try to make itself eligible for a potential airdrop of Layer Zero :
