Features

At the heart of Radian is the RAD token which allows users of the protocol the ability to vote and govern its features, such as the tokens that Radian accepts for trading and staking. Radian allows users to create new tokens, one-of-a-kind collectable tokens called Non Fungible Tokens (NFTs) and decentralized synthetic assets, or add liquidity, exchange or swap tokens and also participate in liquidity mining (yield farming).

Radian allows 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.

Radian is 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.

In order to emit or mint new Radian (RAD), new tokens must be added into the Radian Pool, and Radian will be minted and emitted in return. When the Radian Trader is used, rather than the majority of fees going to middlemen, instead they are also collected into the Radian Pool. The Radian Pool contains assets that are shared equally by all holders of the Radian token (RAD). Radian allows users of the protocol to issue new tokens using a decentralized token factory, as well as add liquidity and exchange or swap tokens utilizing the Radian Automated Market Maker (RAMM). The RAMM relies on a simple mathematical formula to price assets for trading. Radian also enables users to stake tokens in a variety of ways, via decentralized lending and interest contracts, as well as utilizing liquidity mining and/or yield farming methods. In all cases, a fair percentage of the transaction fees are distributed into the Radian Pool, allowing the pool to continuously grow and include new tokens.

The Radian trader allows 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 earn interest on any asset they lend. Radian holders can use RAD to borrow any supported cryptocurrency including Radian stable coin USD Plus (USDP).

Liquidity mining, often referred to as yield farming, allows 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 can 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 is 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.

The Radian protocol’s stable coin – USD Plus – is a native stable coin pegged to $1 USD, similar in nature and design to MakerDao’s DAI. Radian holders can supply any supported token that has been voted into use through the Radian governance process into the collector and use RAD as collateral to mint new USD Plus, effectively giving people a way to borrow and trade with the equivalent of stable digital dollars.

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.