🧵 DEV UPDATE #025 Hey Radiants! 🌟 Here’s a quick rundown | Radiant Capital on Binance Square

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🧵 DEV UPDATE #025
Hey Radiants! 🌟 Here’s a quick rundown of the latest work from the dev team. Let's dive in! 👇

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Important Update ⚠️ Following recent reports regarding the Bybit exploit, new information has surfaced indicating that the attack originated from the Safe UI. Given that Radiant uses Safe UI for its operations, all updates and deployments—including ongoing market restoration that was scheduled early this week—will be temporarily paused as a precautionary measure. Further updates will follow as the situation develops. 🔹 Safe statement: https://t.co/zR7lNExMlV 🔹 Bybit statement:

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UPDATE ON RIZ VAULTS 🚨 Following last week’s fix to the vaults, it has been determined that new contracts will be required for their proper functionality. This is due to the vaults’ structure, where liquidity is distributed between Core and RIZ markets, making them indirectly affected by the October incident. Development of the new contracts is already underway, and their deployment is expected soon. Regarding existing deposits in the vaults, these will be included in the total affected amount and incorporated into the claiming contracts under RFP-47. Additionally, if the Convenience Class RFP passes its DAO vote, eligible users will also be considered under this framework. We understand this situation may be frustrating and appreciate your patience as we assess the next steps. Thank you for your continued support. Further updates will be shared as progress is made.

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RIZ Vaults are now fully functional on @arbitrum & @BNBCHAIN 🎉 Following the successful relaunch of core markets on both chains, the last pending feature has now been restored. The necessary fix has been implemented, and users can once again interact with the vaults and perform all available actions. Stay tuned, as emissions will be reactivated in the coming days — more updates to follow soon! With core markets and most features now fully operational, Radiant is nearing complete functionality. The next major milestone? The highly anticipated One-Click Strategy feature! Thanks to all Radiants for your continued support and patience!

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RFP-48: Inaugural Community Council Election To restore trust and rebuild after two devastating hacks, a new 3-member Community Council is proposed to lead Radiant toward a secure and sustainable future. •Co-led by a tier-1 community member & Radiant’s DAO Administrator •Supported by legal & regulatory contributor + 4 trusted signers (4/7 multisig) •Security-first, community-led governance & roadmap The current council will transition into pro-bono advisory roles to ensure a smooth handover. Vote now: ⬇️ 🔗

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Survey for the Radiant DAO Community 🧮 Should Radiant DAO establish a Convenience Class for net deposits between $10 – $1,000? 🛠️ For 2% of the total hacked amount, the DAO could reimburse 90% (Arbitrum) – 98% (BNB Chain) of affected wallets. 💡 This would improve efficiency, reduce the number of cases to handle, and provide faster resolutions for 90%+ of users, strengthening retention and trust. Vote & share your thoughts! 🗳️👇

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