Radiant Capital enhances bounty to recover funds after incident
Radiant Capital enhances bounty to recover funds after incident
Radiant Capital has decided to increase the existing bounty by $100,000 or its equivalent to encourage individuals to identify the exploiter or provide valuable information. They condemn such acts of exploitation as they harm protocols and erode trust in the Web3 community. Radiant is dedicated to supporting efforts that improve the security and stability of the Web3 ecosystem.
To aid in the recovery of funds from the January 2nd incident involving the Radiant protocol, we are committed to enhancing the existing bounty by @ArkhamIntel by $100,000 USD or its equivalent to incentivize individuals who can positively identify the exploiter or contribute
New Intel Exchange Bounty: Radiant Capital Exploit On January 2nd, Radiant Capital experienced a flash loan attack on its new USDC market on the Arbitrum network. The incident resulted in $4 million in funds lost. Exploiter contract: 0x39519c027b503f40867548Fb0c890b11728faA8F
馃搱 Radiant Expands Market Caps
Radiant Capital has **expanded market caps** for its RDNT/USDC RIZ market due to strong user demand. **Key Changes:** - RDNT supply cap increased to **50M RDNT** - RDNT borrow cap raised to **10M RDNT** - USDC supply cap expanded to **1M USDC** - USDC borrow cap set at **900K USDC** This marks the **second major expansion** this year, following June adjustments that raised RDNT supply caps from 20M to current levels. [Explore the updated RIZ market](https://app.radiant.capital/#/riz-market-detail/0x35dcfecb7bcc122766fc5ed9c5e334377a6402c8)
Radiant Capital Reaches $15M TVL Milestone Across Multiple Chains
**Radiant Capital** has achieved over **$15 million in Total Value Locked (TVL)** across multiple blockchain networks in just a few days. The omnichain money market protocol continues its **growth phase**, demonstrating strong adoption of its cross-chain lending and borrowing platform. This milestone represents significant progress for the protocol, which enables users to: - Deposit assets across multiple chains - Borrow seamlessly between networks - Access unified liquidity pools The rapid TVL growth indicates increasing user confidence in Radiant's omnichain infrastructure and cross-chain capabilities.
**Radiant Capital Revamps Documentation Platform**
Radiant Capital has **revamped its documentation platform** with significant improvements to user experience. Key updates include: - New organized sections for better content discovery - Updated guides reflecting latest features - **Smarter navigation** system for easier browsing The enhanced docs aim to provide clearer guidance for users navigating Radiant's omnichain money market platform. [Check out the updated documentation](https://docs.radiant.capital)
Radiant Capital DAO Proposal: Accelerating RDNT Token Vesting
A new DAO proposal (RFP-46) aims to accelerate the vesting schedule for 200 million RDNT tokens in the Emissions Reserve. The proposal suggests: - Reducing vesting period from 3 to 2 years - Increasing token emissions to support higher APRs - Attracting more liquidity to Radiant Innovation Zone (RIZ) markets The goal is to expand liquidity and drive RIZ growth across multiple chains. Additionally, Super OETH, an innovative LST, is now available as a RIZ Market on Radiant: - Combines Ethereum staking rewards with Aerodrome incentives - Offers up to 4x leverage on Radiant - Currently earning up to 45% APY when maximally looped *Vote on the proposal:* [Snapshot link](https://snapshot.org/#/radiantcapital.eth/proposal/0xc9ded50bfb0aae1c957a94de44d65a2997694ac85703825f5ded16d43540bbb5)
Radiant Featured in OKX Web3's New Eco Hub
Radiant, the omnichain money market built on LayerZero, has been featured in the newly launched Eco Hub by OKX Web3. This inclusion highlights Radiant's growing prominence in the decentralized finance space. - Radiant offers cross-chain deposit and borrowing capabilities - OKX Web3's Eco Hub showcases notable blockchain projects - This feature may increase visibility for Radiant's innovative platform The collaboration between Radiant and OKX Web3 demonstrates the increasing integration of multi-chain solutions in the DeFi ecosystem. Users interested in exploring Radiant's services can now find more information through the OKX Web3 Eco Hub.