.BinanceLabs has backed cross-chain money market RDNTCapital, $RDNT token jumps over 10% to 31 cents. BrandyBetz reports.
The venture capital arm of Binance has invested $10 million in Radiant Capital, a decentralized finance lending and borrowing protocol.
Radiant is built on architecture from LayerZero Labs, another Binance Labs portfolio company. The lending platform aims to take on DeFi’s fragmented liquidity problem by serving as a money market where users can deposit and borrow assets across multiple chains.
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