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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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RDNT Emissions Now Live for New @BNBCHAIN Markets The recently added BNB Chain markets — USDC, ETH, wBETH — are now streaming RDNT emissions. Eligible depositors and borrowers can start earning rewards right away. These markets follow the same approach as the new markets on Arbitrum, featuring an optimized Reserve Factor that allocates a larger portion of borrower interest to depositors. Reserve Factor adjustments for other markets will be introduced gradually to improve platform efficiency. 🔹 Explore the new markets:
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RDNT EMISSIONS NOW LIVE FOR NEW MARKETS ON @arbitrum: USDT, wstETH, weETH, and ARB Following their recent re-introduction, the new markets on Arbitrum — USDT, wstETH, weETH, and ARB — are now streaming fresh RDNT emissions for eligible depositors & borrowers. Additionally, these markets feature a more efficient and competitive Reserve Factor, directing a larger portion of borrower interest toward depositors. Reserve Factor adjustments for other markets will be introduced gradually to ensure optimal efficiency across the platform. 🔹 Explore the newly added markets:
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Radiant is back at full speed 🚂 4 NEW MARKETS ON ARBITRUM + 3 NEW MARKETS ON BNB + EMISSIONS RE-ACTIVATED + VAULTS FIX PUSHED ON ARBITRUM + WEEKLY AIRDROP UPDATE! 🔥 With Safe UI back up, several updates have been pushed into production and are now live on Radiant 💯 🧵👇
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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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