Radiant Capital (RDNT): tokenomics, risks and score
A cross chain lending protocol that was drained of roughly fifty million dollars in October 2024 through a compromise of the multisignature wallet controlling its contracts.
What Radiant Capital is, and what it does
This is a DeFi protocol. It provides a financial service such as trading, lending or derivatives through smart contracts rather than through a company, so there is no account to open and no one to approve you.
What the RDNT token itself does: It receives a share of the fees the protocol collects, so holding it is a claim on real revenue.
Where it runs: Arbitrum and BNB Chain. Mechanism: Cross chain lending. It has been running since 2022, so roughly 4 years.
The facts
- TICKER
- RDNT
- SECTOR
- DeFi
- CHAIN
- Arbitrum and BNB Chain
- LAUNCHED
- 2022, so around 4 years of operating history
- MECHANISM
- Cross chain lending
- MAXIMUM SUPPLY
- 1 billion
- VALUE CAPTURE
- Fee share
- UPGRADE CONTROL
- Multisig
- VESTING
- Complete
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
A hard maximum supply that cannot be raised without the agreement of essentially every participant. A share of protocol fees reaches holders directly, which is the strongest form of value capture available.
A multisignature wallet controls upgrades. Better than one key and still a small group of people. Ownership is heavily concentrated. A small number of wallets hold enough to determine the price on their own.
Where it is strong and where it is not
- Supply is capped, so holders are not diluted indefinitely
- The token captures real protocol revenue rather than relying on speculation alone
- Audited, with published reports
- Fully open source, so the code can be independently reviewed
- Heavily concentrated ownership means a few wallets control the outcome
- Thin liquidity. Check order book depth before assuming you can exit
- Has 1 recorded incident on its history
Incident history
Attackers compromised multiple multisignature signers' devices and obtained valid signatures for a malicious upgrade, draining roughly fifty million dollars. Attributed to a state linked group.
Our read
The main risk
The protocol was drained through a multisig compromise and has not meaningfully recovered.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.