Radiant Capitals Releases Dev Update #014
Radiant Capitals Releases Dev Update #014
🔥 Dev Update Incoming!
Radiant Capitals has released Dev Update #014, providing updates on the progress of their Radiant Innovation Zone (RIZ) isolated markets, UI design improvements, security enhancements, and miscellaneous developments. Key highlights include the deployment of core RIZ contracts in testing environments, with a focus on bad debt management and additional safety features. The UI design team has shared version 2 designs and is working on version 3 based on user feedback. Security upgrades like deposit and borrow caps are undergoing audits and will be live soon. The team is also optimizing protocol fee distribution for competitive lending base yields and overhauling the mobile app's UX for better responsiveness.
DEV UPDATE #013 Hey there, Radiants! 👋 Our team has been hard at work behind the scenes 🌟 🧵👇
DEV UPDATE #014 is here, Radiants! Check out the latest DevUpdates from our team 🧵👇🏼
Maple's syrupUSDC Launches Isolated Market on RIZ v2
**Maple Finance's syrupUSDC now has its own isolated market on RIZ v2**, expanding utility for the yield-bearing USDC wrapper. **Key features:** - Deposit syrupUSDC to borrow USDC while maintaining underlying yield - Deposit USDC to earn market yield - syrupUSDC earns yield from Maple's institutional lending activity This integration allows users to leverage their yield-bearing assets for additional capital efficiency. The wrapper continues generating returns from Maple's lending operations even when used as collateral. [Learn more about RIZ v2](https://riz.io)
RIZ v2 Launches Three New Isolated Markets on Base
RIZ v2 has launched three new isolated lending markets on Base: - **uniBTC/USDC** - Bedrock's Bitcoin liquid restaking token - **cbXRP/USDC** - Coinbase's wrapped XRP - **cbADA/USDC** - Coinbase's wrapped ADA Each market allows users to deposit the collateral asset and borrow USDC against it, or deposit USDC to earn yield from borrowing activity. The isolated architecture keeps risk contained to individual markets.
🚨 rsETH Supply Caps Set to 1
**Supply caps for rsETH have been set to 1** on both Core and RIZ markets on Arbitrum as a precautionary measure. This action follows a bad debt situation affecting rsETH across multiple lending protocols industry-wide. **Key points:** - Existing positions remain unaffected - All other markets continue operating normally - The cap limits new rsETH deposits while protecting current users
🎙️ Radiant Tackles Web3 Misconceptions
**Radiant joins Web3 Global Talks today at 11:30 AM EST** to discuss the key challenges and misconceptions currently shaping Web3's development. The discussion will address common misunderstandings in the Web3 space and explore how these perceptions impact the industry's growth. - Live discussion format on Twitter Spaces - Focus on Web3 development challenges - Industry misconceptions analysis [Join the conversation](https://x.com/i/spaces/1jMJgREOrWAGL?s=20) to hear insights on navigating Web3's evolving landscape.
Radiant Capital Opens Survey for Convenience Class Remediation with Phased Payout Options
**Radiant Capital** has launched a new temp-check survey for **Convenience Class remediation** following the October hack. The Community Council is seeking feedback on: - **Revised phased payout schedule** - **Potential dust threshold adjustments** Key details: - Survey runs for **2 weeks** - Official Snapshot vote will follow after survey period - Part of ongoing remediation efforts for hack victims This follows previous community surveys exploring recovery options for affected users, with the assumption that no external bailout will occur. [**Take the survey**](https://community.radiant.capital/t/survey-107-phased-remediation-and-dust-considerations-for-the-convenience-class/2283/1) to help shape the remediation approach.