Radiant Capital
RDNT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Radiant Capital (RDNT) is an omnichain lending and borrowing protocol whose overall viability has collapsed following multiple catastrophic security failures and an operational shutdown. While its tokenomics (6.5/10) historically featured broad distribution and penalty-based vesting mechanisms, and team governance (4.5/10) maintained a documented DAO framework, the protocol suffered fatal vulnerabilities. In January 2024, the platform experienced a ~$4.5M flash-loan exploit on Arbitrum, followed by a devastating October 16–17, 2024 exploit resulting in ~$50–58M in user losses: 'October 16–17, 2024 exploit (~$50–58M, widely reported as ~$50M / $51M): A sophisticated operational-security failure — malware injected into developers' devices compromised hardware wallets, and the Safe{Wallet} front-end was manipulated to display legitimate transactions while poisoned transactions executed in the background during a routine multi-signature emissions adjustment.' Furthermore, in June 2026, the DAO announced a complete shutdown of operations after failing to recover the stolen funds or raise fresh capital, placing the platform into maintenance mode with no ongoing development pipeline (Active Development: 2.5/10, Community: 2.5/10, Market: 3.0/10, Security: 1.5/10). The weighted average across all categories is 3.5/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Radiant Capital (RDNT)
Radiant Capital (RDNT) is a deprecated omnichain lending and borrowing protocol that announced the shutdown of its operations in June 2026 and transitioned into maintenance mode. Founded in 2022 on Arbitrum by the pseudonymous developer George Macallan, the protocol was designed to address decentralized finance liquidity fragmentation by enabling cross-chain lending and borrowing. RDNT serves as the platform's utility and governance token, deployed natively on Arbitrum with bridged versions on Ethereum, Base, and BNB Chain. Governance was structured through the Radiant DAO and the Supernova Holdings Foundation, utilizing locked dynamic liquidity provision (dLP) tokens to grant voting rights and protocol fee distribution.
The tokenomics of RDNT feature a total supply of 1 billion tokens, allocated across supplier and borrower incentives (54%), the core team (20%), the Radiant DAO Reserve (14%), core contributors and advisors (7%), treasury and liquidity pools (3%), and pool 2 liquidity providers (2%). Platform incentives were tied to an emissions model requiring users to lock dLP tokens to qualify for protocol emissions and capture platform fees.
The protocol's operational collapse followed two major security breaches resulting in approximately $54.5 million in cumulative user losses. In January 2024, an attacker exploited a rounding error in a newly activated USDC market on Arbitrum, draining approximately $4.5 million (1,900 ETH). On October 16–17, 2024, a malware compromise on developer devices led to private key and hardware wallet exploitation during a multi-signature transaction, deploying backdoor contracts on Arbitrum and BNB Chain that drained between $50 million and $58 million in unrecovered assets. Following these incidents, the token experienced a severe valuation collapse down to approximately $0.0004. In June 2026, the DAO announced an operational shutdown after failing to recover stolen assets or secure new capital, leaving frontends and smart contracts accessible solely for remaining user withdrawals.