RDNT rose more than 10 percent in an instant as Binance Labs announced that it has invested $10 million in cross-chain DeFi lender Radiant Capital.
Binance Labs has invested $10 million in cross-chain lending and lending protocol Radiant Capital. The funding round will aim to develop more products and expand with other Ethereum 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.”
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