CRYPTO MARKET INTELLIGENCE / ASSET DOSSIER

Radiant Capital.

rdnt · coingecko:radiant-capital

EVIDENCE · NOT A RECOMMENDATION
This dossier explains why the asset surfaced, what the stored evidence says, what changed, and which limitations remain. Deterministic signals are research questions, not investment conclusions.
Price$0.000514
Market cap$739,194.00
Active signals1
Total / circulating1.04×
Longest active streak3
Snapshots compared6

Why it surfaced

peer valuation difference

The valuation multiple differs materially from the eligible peer median

Current streak: 3 snapshots · triggered 5/6 observed snapshots

What changed

peer valuation difference
continuing · streak 3 · 5/6 snapshots

Latest fundamental observations

MetricPeriodValueObserved
fees24h$0.052026-10-18T04:35:58.074Z
fees30d$2,796.882026-10-18T04:35:58.074Z
fees7d$1,338.692026-10-18T04:35:58.074Z
holders revenue24h$0.032026-10-18T04:36:12.168Z
holders revenue30d$1,676.712026-10-18T04:36:12.168Z
holders revenue7d$802.622026-10-18T04:36:12.168Z
revenue24h$0.052026-10-18T04:36:00.033Z
revenue30d$2,796.882026-10-18T04:36:00.033Z
revenue7d$1,338.692026-10-18T04:36:00.033Z
tvlpoint in time$535,799.592026-10-18T04:35:46.584Z

Historical changes

MetricWindowChangeBoundary
fees usd:24h7d-94.12%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:30d7d91.23%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:7d7d475.46%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
holders revenue usd:24h7d-94.12%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
holders revenue usd:30d7d91.25%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
holders revenue usd:7d7d475.85%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
market cap usd:point in time7d-10.78%2026-10-11T04:21:48.000Z → 2026-10-18T04:14:48.000Z
revenue usd:24h7d-94.12%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:30d7d91.23%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:7d7d475.46%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
tvl usd:point in time7d-2.85%2026-10-11T04:49:10.103Z → 2026-10-18T04:35:46.584Z

Market snapshot

Circulating supply
1.44B
Total supply
1.5B
Max supply
1.5B
Provider updated
2026-10-18T04:14:48.000Z

Evidence coverage

Verified/provider links
2
Stored fundamental observations
66
Calculated history rows
11
Signal comparison
prior snapshot

Evidence synthesis

Generate or open a cached AI research brief constrained to this dossier's stored evidence, calculations, and limitations.

Open AI research brief

Rule evaluations

revenue growth declining multiple · excluded · no signal

Insufficient actual 30-day revenue or market-cap history

Limits: No observation within 2 days of the 30-day boundary · No observation within 2 days of the 30-day boundary

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

activity growth stagnant market cap · excluded · no signal

Insufficient actual 30-day activity or market-cap history

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

improving tokenholder value capture · excluded · no signal

No observations

Limits: Requires holders revenue and fees at both boundaries

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

peer valuation difference · included · signal

The valuation multiple differs materially from the eligible peer median

Limits: A difference is not evidence of mispricing; protocol economics may not be comparable

Inputs and calculation
{
  "inputs": {
    "currentCap": 739194,
    "latestRevenue": 0.05,
    "peerMedian": 34.55381309893715
  },
  "calculation": {
    "annualizedRevenueMultiple": 40503.78082191781,
    "peerMultipleRatio": 1172.1942439737188
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

fundamental deterioration · excluded · no signal

Insufficient actual 30-day fundamental history

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

high dilution · included · no signal

Eligible, but dilution threshold was not met

Limits: Supply fields are provider-reported and do not describe unlock timing

Inputs and calculation
{
  "inputs": {
    "circulatingSupply": 1436925361,
    "totalSupply": 1500000000
  },
  "calculation": {
    "totalToCirculatingRatio": 1.0438955569383954
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

data quality investigation · included · no signal

No provider identity conflict detected

Inputs and calculation
{
  "inputs": {
    "identityConflict": false
  },
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

Provenance and raw evidence

Classification evidence
[
  {
    "assetId": "coingecko:radiant-capital",
    "kind": "sector",
    "value": "lending_borrowing",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Lending",
    "sourceProvider": "defillama",
    "sourceRecord": "1922",
    "observedAt": "2026-10-18T04:35:46.584Z"
  },
  {
    "assetId": "coingecko:radiant-capital",
    "kind": "asset_type",
    "value": "protocol_token",
    "status": "classified",
    "reason": "Canonical type mapping from DeFiLlama category Lending",
    "sourceProvider": "defillama",
    "sourceRecord": "1922",
    "observedAt": "2026-10-18T04:35:46.584Z"
  }
]
Identity relationships
[
  {
    "assetId": "coingecko:radiant-capital",
    "protocolId": "2706",
    "protocolSlug": "radiant-v2",
    "method": "chain_contract",
    "evidence": "DeFiLlama address=arbitrum:0x3082CC23568eA640225c2467653dB90e9250AaA0; CoinGecko platforms.arbitrum-one=0x3082CC23568eA640225c2467653dB90e9250AaA0",
    "status": "verified_provider_relationship"
  },
  {
    "assetId": "coingecko:radiant-capital",
    "protocolId": "1922",
    "protocolSlug": "radiant-v1",
    "method": "chain_contract",
    "evidence": "DeFiLlama address=arbitrum:0x3082cc23568ea640225c2467653db90e9250aaa0; CoinGecko platforms.arbitrum-one=0x3082cc23568ea640225c2467653db90e9250aaa0",
    "status": "verified_provider_relationship"
  }
]
Research statuses
[
  {
    "assetId": "coingecko:radiant-capital",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "analyzable",
    "method": "global",
    "reason": "At least one deterministic screening method is eligible"
  },
  {
    "assetId": "coingecko:radiant-capital",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "insufficient_historical_data",
    "method": "global",
    "reason": "One or more historical methods lack actual boundary observations"
  },
  {
    "assetId": "coingecko:radiant-capital",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "revenue_growth_declining_multiple",
    "reason": "Insufficient actual 30-day revenue or market-cap history"
  },
  {
    "assetId": "coingecko:radiant-capital",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "activity_growth_stagnant_market_cap",
    "reason": "Insufficient actual 30-day activity or market-cap history"
  },
  {
    "assetId": "coingecko:radiant-capital",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "improving_tokenholder_value_capture",
    "reason": "No observations"
  },
  {
    "assetId": "coingecko:radiant-capital",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "fundamental_deterioration",
    "reason": "Insufficient actual 30-day fundamental history"
  },
  {
    "assetId": "coingecko:radiant-capital",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "requires_manual_investigation",
    "method": "global",
    "reason": "At least one deterministic research signal triggered"
  }
]
Human review decisions
[]
Full fundamental evidence
[
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:1501",
    "protocolId": "2706",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-22T21:51:30.762Z",
    "value": 737399.8793007125,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:7955",
    "protocolId": "2706",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 2.93,
    "unit": "USD",
    "definition": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:7956",
    "protocolId": "2706",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 129,
    "unit": "USD",
    "definition": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:7957",
    "protocolId": "2706",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 1201.06,
    "unit": "USD",
    "definition": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:15041",
    "protocolId": "2706",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 2.93,
    "unit": "USD",
    "definition": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:15042",
    "protocolId": "2706",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 129,
    "unit": "USD",
    "definition": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:15043",
    "protocolId": "2706",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 1201.06,
    "unit": "USD",
    "definition": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21127",
    "protocolId": "2706",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 1.76,
    "unit": "USD",
    "definition": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21128",
    "protocolId": "2706",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 76.77000000000001,
    "unit": "USD",
    "definition": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21129",
    "protocolId": "2706",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 720.5200000000001,
    "unit": "USD",
    "definition": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:1513",
    "protocolId": "2706",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-24T00:45:17.400Z",
    "value": 723718.918064594,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:7968",
    "protocolId": "2706",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 1050,
    "unit": "USD",
    "definition": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:7969",
    "protocolId": "2706",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 1179.43,
    "unit": "USD",
    "definition": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:7970",
    "protocolId": "2706",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 2250.63,
    "unit": "USD",
    "definition": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:15056",
    "protocolId": "2706",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 1050,
    "unit": "USD",
    "definition": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Interest paid by borrowers",
      "Fees": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
      "Revenue": "All platform fees are kept by the protocol (split between the operationExpenses treasury and dLP lockers).",
      "ProtocolRevenue": "operationExpenseRatio of platform fees (read on-chain) sent to the Radiant operationExpenses treasury.",
      "SupplySideRevenue": "Interest paid to lenders",
      "HoldersRevenue": "Remaining platform fees forwarded to MultiFeeDistribution and distributed to dLP lockers."
    }
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  {
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  {
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  {
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  {
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  {
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    }
  },
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    }
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  {
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    "definition": "Platform fees collected by Radiant (reserve-factor cut of borrow interest) and routed through MiddleFeeDistribution.",
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    }
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  {
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    }
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  {
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  {
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  {
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  {
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  {
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]