Binance Labs Puts $10M into Radiant Capital

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Binance Ventures Capital has injected $10M into Radiant Capital’s Lending Protocol.

Representatives from Radiant Capital have noted that the investment will be used to develop their product further, including testing and deploying on the Ethereum mainnet.

The native utility token of the protocol, RDNT, rose by 9.1% following the news, briefly surpassing $0.32 before correcting to $0.3.

Presently, there are over $262.5 million of assets locked into Radiant Capital.