Office Hours Alert! 🚨 Join Isaac & Hung next Tuesday for R | Radiant Capital on Binance Square

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Radiant Capital

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Office Hours Alert! 🚨
Join Isaac & Hung next Tuesday for Radiant updates:
1️⃣ New assets on RIZ & Core 
2️⃣ RIZ launch on BNB 
3️⃣ v3 features: 1-click strategies
& much more!
📅 Oct 15 | 1:00 PM EST

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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Core Markets Restored: ETH, USDC, and WBTC on Arbitrum The restoration of Radiant’s @arbitrum and @BNBCHAIN core markets has officially begun. Following the redeployment of the lending pool due to the October incident, ETH, USDC, and WBTC markets are now live again on Arbitrum. BNB Chain redeployment can be expected before the end of January as well. As the incident did not involve any smart contract vulnerabilities, the protocol’s structure remains unchanged. However, given this is a completely fresh deployment, users are encouraged to report any issues or share feedback through Radiant’s official channels or support system.

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Updates & Next Steps Functions & Features • Arbitrum Core Markets The initial batch of core markets will include ETH, USDC, and WBTC. These markets are currently undergoing the final round of testing and are expected to go live very soon. A soft launch is planned to allow users to start interacting with the markets again, test features, and share feedback during an initial trial period. Once this phase is complete and feedback is incorporated, focus will shift to reactivating BNB markets. • RIZ Vaults Following the launch of the first batch of core markets, a fix will be implemented to restore vault functionality. This adjustment is necessary because the vaults interact with both RIZ and CORE markets. The goal is to have this fix deployed within the same week or shortly thereafter. • 1-Click Strategy This new feature for RIZ markets was nearly ready for launch before the incident in October. Work to finalize this feature has resumed, and it is expected to be ready within the coming weeks. DAO and RFPs • RFP Idea 47 RFP Idea 47 outlines a proposal for the orderly repayment of depositors in Arbitrum and BSC core lending markets. This will be achieved by deploying claim contracts, merging assets, and liquidating all outstanding loans. The proposal focuses on the distribution of funds, not on how they will be raised.The remediation plan has entered what is expected to be the final 7-day ideation phase. Everyone is encouraged to review the details of the proposal and share feedback during this stage to help refine it further before it proceeds to a DAO vote.

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RFP Idea 47 (replaces 47a): Deploying Merged Claim Contracts for Radiant Depositor Reimbursement The remediation plan is back to what is anticipated to be the final 7-day ideation phase and should go to the DAO vote soon after. The 3 proposed recovery options were reduced to 1 which, by far, had the most votes from the 14-day survey. Please review and share your thoughts. Thank you to all who have pitched in, provided feedback, and participated in the survey . 🔗

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Weekly RDNT Airdrop Resumed! With progress being made toward restoring full functionality, the weekly airdrops from the 125M RDNT distribution outlined in RFP-44 have now resumed. From now on, new weekly campaigns will be available each Friday. Users can claim their RDNT tokens and start vesting directly from the Manage page. Please note: • The 'Start Vesting' button applies to both the airdropped tokens and any accrued RDNT from emissions. • To start vesting tokens, users need to be eligible for emissions. This means dLP must be locked and deposits must be active. If no deposits are currently in place, making a small deposit (worth $5 or less) should be enough to kickstart emissions. 🔗 Claim the Week 10 airdrop here:

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A Recap of Post-Hack Progress 🧵 Here’s an overview of key activities and proposals following the October 2024 exploit that impacted Radiant’s core market deposits on Arbitrum and BNB Chain. Recovery efforts and compensation plans remain in progress. This thread serves as a centralized resource for users to stay updated on the latest developments and proposals.

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