Plain English
Radiant Capital is a cross-chain lending protocol originally on Arbitrum and BNB Chain, launched in 2022. RDNT is the platform token. In October 2024, the protocol suffered a $50M+ hack via compromised admin keys. Recovery is partial and protocol operations were severely affected.
How it actually works
Pre-hack, Radiant let users borrow across multiple chains from a single deposit. veRDNT staking and emissions provided yield for lockers. Post-hack, the protocol has been restructured with new security measures, but TVL and confidence have dropped substantially. Users still owed funds from the hack.
What it means for you
After the 2024 hack, Radiant is hard to recommend for new capital. The hack exposed multi-sig key compromise — a serious operational failure. For users currently positioned in Radiant, the priority is monitoring recovery progress and assessing whether to migrate exposure to more battle-tested venues like Aave or Morpho.
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Educational content only. Not investment, tax, or legal advice.