{"id":520699,"date":"2023-02-23T10:40:48","date_gmt":"2023-02-23T10:40:48","guid":{"rendered":"https:\/\/uniquehot.com\/?p=520699"},"modified":"2023-02-23T10:20:57","modified_gmt":"2023-02-23T10:20:57","slug":"crypto-fund-arca-doubling-down-on-these-two-defi-protocols","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/defi\/crypto-fund-arca-doubling-down-on-these-two-defi-protocols\/","title":{"rendered":"Crypto Fund, Arca, Doubles Down On These Two DeFi Protocols"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Arca Investment bridged 450 ETH through Arbitrum and bought Radiant Capital and Dopex DeFi tokens on February 23.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Arca Scoops Radiant Capital And Dopex DeFi Tokens<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">According to data from\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/arbiscan.io\/address\/0xb7808db3b8f1e4c79e52ac89fec052811f4dce2a\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Arbiscan<\/span><\/a><span data-preserver-spaces=\"true\">, Arca bought 422,000 RDNT, native to Radiant Capital, and 757 DPX, native to Dopex, for $125,000 and $285,000, respectively. The average buying price of each stood at $0.27 and $360.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/arca?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@arca<\/a> continued to bridge 450 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> to <a href=\"https:\/\/twitter.com\/arbitrum?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@arbitrum<\/a> and bought:<\/p>\n<p>\u2022 422K <a href=\"https:\/\/twitter.com\/search?q=%24RDNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$RDNT<\/a> ($125K)<br \/>\u2022 757 <a href=\"https:\/\/twitter.com\/search?q=%24DPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$DPX<\/a> ($285K)<\/p>\n<p>Their average buying price is $0.27 and $360, respectively. <a href=\"https:\/\/t.co\/4XZUQYO3Hn\" rel=\"nofollow\">pic.twitter.com\/4XZUQYO3Hn<\/a><\/p>\n<p>&mdash; The Data Nerd (@OnchainDataNerd) <a href=\"https:\/\/twitter.com\/OnchainDataNerd\/status\/21659905?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 23, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Both tokens are compliant with the ERC-20 standard and are used for governance. Holders can, therefore, use them to vote on proposals.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/defi\/is-money-beginning-to-flow-back-into-defi\/\">Is Money Beginning To Flow Back Into DeFi?<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Why Arca is accumulating Dopex and Radiant Capital tokens is not immediately clear. However, what&#8217;s known is that these protocols have been active, drawing capital in recent weeks.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Dopex is a decentralized options exchange and claims to have &#8220;maximum liquidity and minimal exposure options.&#8221; Besides launching on Arbitrum One, a general-purpose Ethereum layer-2 platform that&#8217;s the largest by total value locked (TVL),\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/app.dopex.io\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Dopex<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0has launched on Polygon, an Ethereum sidechain, and the Ethereum mainnet. As of February 23, Dopex had over $300 million in open interest. It also had a TVL of $58.7 million.<\/span><\/p>\n<figure id=\"attachment_520704\" aria-describedby=\"caption-attachment-520704\" style=\"width: 1181px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-520704\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Dopex.png?resize=1181%2C386\" alt=\"Dopex\" width=\"1181\" height=\"386\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Dopex.png?w=1181 1181w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Dopex.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Dopex.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Dopex.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Dopex.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Dopex.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-520704\" class=\"wp-caption-text\">Dopex TVL: Dopex<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Radiant Capital is a decentralized, non-custodial lending protocol whose site is hosted on the interplanetary file storage (IPFS) system. It was forked from Aave, one of the world&#8217;s largest DeFi protocols by TVL. The dApp is deployed on Ethereum and Arbitrum. It allows users to earn interest when they lend various assets, including USDC, USDT, and wETH. As a decentralized money market, Radiant Capital allows borrowers to take loans. When writing on February 23, the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/defillama.com\/protocol\/radiant\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">protocol<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0had a TVL of $87.85 million.<\/span><\/p>\n<figure id=\"attachment_520703\" aria-describedby=\"caption-attachment-520703\" style=\"width: 1070px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-520703\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Radiant-Capital.png?resize=1070%2C452\" alt=\"Radiant Capital\" width=\"1070\" height=\"452\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Radiant-Capital.png?w=1070 1070w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Radiant-Capital.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Radiant-Capital.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Radiant-Capital.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Radiant-Capital.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-520703\" class=\"wp-caption-text\">Radiant Capital TVL: DeFiLlama<\/figcaption><\/figure>\n<h2><span data-preserver-spaces=\"true\">DPX And RDNT&#8217;s Stellar Performance<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">DPX and RDNT prices have been on an uptrend in recent times. In the three months since November 2022, DPX prices rallied from around $155 to $530 this week, more than tripling and reaching new Q1 2023 highs. At the time of writing, the token is trading at around $380 but is up over 35% from February 2023 highs.\u00a0<\/span><\/p>\n<figure id=\"attachment_520702\" aria-describedby=\"caption-attachment-520702\" style=\"width: 741px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-520702\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Dopex-Price-On-February-23.png?resize=741%2C475\" alt=\"Dopex Price On February 23\" width=\"741\" height=\"475\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Dopex-Price-On-February-23.png?w=741 741w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Dopex-Price-On-February-23.png?w=460 460w\" sizes=\"(max-width: 741px) 100vw, 741px\"><figcaption id=\"caption-attachment-520702\" class=\"wp-caption-text\">Dopex Price On February 23 | Source: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">DPXUSDT On MEXC, TradingView<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Meanwhile, RDNT has grown over 500% from the beginning of the year. The token is trading at $0.28, up from around $0.047, registered on January 13, 2023.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/cardano\/cardano-defi-tvl-rises-more-than-2x-in-a-month\/\">Cardano DeFi TVL Rises More Than 100% In One Month<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Their performance mirrors the general performance across the crypto markets. Bitcoin and Ethereum prices have recovered, bouncing from 2022 lows, and are currently trading above $20,000 and $1,500, respectively.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, Charts from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Arca Investment bridged 450 ETH through Arbitrum and bought Radiant Capital and Dopex DeFi tokens on February 23. Arca Scoops Radiant Capital And Dopex DeFi Tokens According to data from\u00a0Arbiscan, Arca bought 422,000 RDNT, native to Radiant Capital, and 757 DPX, native to Dopex, for $125,000 and $285,000, respectively. The average buying price of each stood at $0.27 and $360. .@arca continued to bridge 450 $ETH to @arbitrum and bought: \u2022 422K $RDNT ($125K)\u2022 757 $DPX ($285K) Their average buying price is $0.27 and $360, respectively. pic.twitter.com\/4XZUQYO3Hn &mdash; The Data Nerd (@OnchainDataNerd) February 23, 2023 Both tokens are compliant with the ERC-20 standard and are used for governance. Holders can, therefore, use them to vote on proposals. Related Reading: Is Money Beginning To Flow Back Into DeFi? Why Arca is accumulating Dopex and Radiant Capital tokens is not immediately clear. However, what&#8217;s known is that these protocols have been active, drawing capital in recent weeks. Dopex is a decentralized options exchange and claims to have &#8220;maximum liquidity and minimal exposure options.&#8221; Besides launching on Arbitrum One, a general-purpose Ethereum layer-2 platform that&#8217;s the largest by total value locked (TVL),\u00a0Dopex\u00a0has launched on Polygon, an Ethereum sidechain, and the Ethereum mainnet. As of February 23, Dopex had over $300 million in open interest. It also had a TVL of $58.7 million. Radiant Capital is a decentralized, non-custodial lending protocol whose site is hosted on the interplanetary file storage (IPFS) system. It was forked from Aave, one of the world&#8217;s largest DeFi protocols by TVL. The dApp is deployed on Ethereum and Arbitrum. It allows users to earn interest when they lend various assets, including USDC, USDT, and wETH. As a decentralized money market, Radiant Capital allows borrowers to take loans. When writing on February 23, the\u00a0protocol\u00a0had a TVL of $87.85 million. DPX And RDNT&#8217;s Stellar Performance DPX and RDNT prices have been on an uptrend in recent times. In the three months since November 2022, DPX prices rallied from around $155 to $530 this week, more than tripling and reaching new Q1 2023 highs. At the time of writing, the token is trading at around $380 but is up over 35% from February 2023 highs.\u00a0 Meanwhile, RDNT has grown over 500% from the beginning of the year. The token is trading at $0.28, up from around $0.047, registered on January 13, 2023.\u00a0 Related Reading: Cardano DeFi TVL Rises More Than 100% In One Month Their performance mirrors the general performance across the crypto markets. Bitcoin and Ethereum prices have recovered, bouncing from 2022 lows, and are currently trading above $20,000 and $1,500, respectively. Feature image from Canva, Charts from TradingView<\/p>\n","protected":false},"author":384,"featured_media":520701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83405],"tags":[87289,54512,87898,87897],"class_list":["post-520699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-arca","tag-defi","tag-dopex","tag-radiant-capital"],"acf":[],"yoast_head":"\n<title>Crypto Fund, Arca, Doubles Down On These Two DeFi Protocols<\/title>\n<meta name=\"description\" content=\"Arca Investment bridged 450 ETH through Arbitrum, and bought Radiant Capital and Dopex Exchange DeFi tokens on February 23.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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Ngetich","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","caption":"Dalmas Ngetich"},"description":"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. 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