BinanceLabs, cross-chain DeFiloan provider radiant to CapitalWith the announcement that he invested 10 million dollars RDNTmomentarily increased by more than 10 percent.
Binance Labs has invested $10 million in cross-chain lending and lending protocol Radiant Capital. The funding round includes further product development and other Ethereum will aim to expand with compatible chains. The funding round is characterized as part of Binance Labs’ commitment to support innovative projects that will lead the next era of DeFi in an off-chain and user-centric way.
Statement from Binance official
Yi He, Binance co-founder and chairman of Binance Labs, evaluated the investment in Radiant, saying;
“Radiant Capital’s commitment to facilitating seamless cross-chain transactions for DeFi and its performance across Arbitrum and BNB Chain demonstrate its potential to drive mass adoption. We look forward to seeing Radiant’s continued growth and further contribution to the ecosystem.”
