Features

At the heart of Radian is the RAD token which will allow users of the protocol the ability to vote and govern its features. Radian will allow it’s holders to vote on building new features that don’t yet exist such as the ability to create new tokens, decentralized synthetic assets, or adding liquidity, exchanging or swapping tokens or participating in liquidity mining (yield farming).

Radian will be owned by the community. All upgrades and changes to the network must be passed via Radian’s democratic governance system before being implemented by the open source community. All new Radian improvements will be governed by the community of RAD holders in a proposal process called Decentralized Radian Improvement Proposals or DRIPS and implemented by open source developers incentivized through their share of RAD and RADX tokens.

Radian will allow users to easily create or mint new cryptocurrencies in the form of standard tokens such as ERC21, as well as one-of-a-kind collectable tokens called Non Fungible Tokens (NFTs) such as ERC721 and decentralized synthetic assets that utilize smart contracts, collateral, and oracles allowing synthetic assets to accurately track a variety of potential real-world prices. Users can create their own token in an entirely decentralized manner very easily, and in conjunction supply decentralized liquidity and allow it to be tradable using Radian’s decentralized trading and swapping contracts. This includes all asset classes such as NFTs, tokens, and Radian synthetic assets.

The Radian Pool concept is that the pool will contain assets that are shared equally by all holders of the Radian token (RAD). Radian is planned to then allow users of the protocol to issue new tokens using a decentralized token factory, a percentage of which will be collected into the pool.

The Radian trader will allow trading of any asset using it’s RAMM and fees are split between liquidity providers and the Radian Pool. This means a portion of the trading fees are distributed to all Radian holders. Radian holders have the option to unlock their underlying tokens in the pool by permanently burning the Radian token and receiving an equal proportion of the tokens contained in the Radian Pool in return, or by using the RAD token to “radiate” RDX liquidity tokens that can be used for trading on any decentralized exchange. In order to reliably enforce governance and stabilize the exchange between RAD, RDX and the Radian Pool, the Radian RAD token itself is not tradable, but it can be burned in exchange for it’s proportional supply of the Radian Pool, used directly for decentralized governance, or unlocked and converted into RDX.

Lend or borrow any asset that has been approved by the Radian community. Lenders will earn interest on any asset they lend. Radian holders will use RAD to borrow any supported cryptocurrency.

Liquidity mining, often referred to as yield farming, will allow any liquidity provider in the Radian ecosystem to earn additional Radian through staking. Active liquidity providers automatically earn Radian proportional to the amount of liquidity they provide by staking a variety of liquidity tokens. Radian liquidity providers will be able to supply multiple tokens as liquidity, which will be swapped into RAD on the other side of the liquidity pool, and in return will earn additional Radian (RAD) as a reward.

The Radian token itself will be a governance & collateralization tool, and is therefore not tradable nor transferable other than through the Radian protocol. Once unlocked, a Radian holder can at any time convert Radian into the Radian liquidity token RADX at a 1:1 ratio to RAD and freely trade the liquidity token on any decentralized exchange. At any time, the reverse is possible, and a RADX token can be converted via the Radian protocol back into a RAD governance token. RADX must be converted into RAD in order to participate in the Radian governance process. The supply of RADX will always be lower than the supply of total RAD as new RAD becomes unlocked. RADX is called the Radian liquidity token because the RADX token will be freely tradable as a standard token on the Ethereum blockchain, since RAD itself is not.

We plan on supporting a much higher transaction throughput than what is currently possible on Ethereum’s layer 1. Therefore, we plan to deploy the entirety of the Radian protocol as soon as possible onto a layer 2 solution. Although layer 2 solutions make transactions cheap for assets within layer 2, it still requires an expensive transaction on layer 1 to enter it, therefore our goal of making Radian a full and feature complete DeFi protocol is further understood, and this is one of the core reasons that Radian implements such a fulsome set of decentralized finance features.