Radiant Development Update #016

🔓 Caps, Unwind, RIZ Incoming

By Radiant Capital
May 16, 2024, 6:09 PM
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The Radiant development team has provided an update on their progress.​ The Radiant Innovation Zone (RIZ) backend codebase is nearing completion for audits, which will commence in two weeks.​ Risk management for RIZ will be optimized with external expert support.​ Security enhancements, including deposit and borrow caps, have been implemented for both RIZ and core markets.​ The 'Unwind' feature, allowing users to undo deposit and borrow cycles, is now live.​ The team is collaborating with the DAO and governance teams to explore technical options for implementing RFP-34.​ Preparations are underway for Radiant's deployment on a top-tier Layer 2 network, pending DAO approval.​ By the next development update, the team expects to be in full audit mode for RIZ.​

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Guardian Fund: DeFi Safety Capital That Actually Works While It Waits

**Traditional vs. Active Protection** Radiant's Guardian Fund breaks from conventional safety mechanisms by keeping capital productive instead of idle. Unlike traditional safety funds that sit dormant until needed, Guardian Fund capital: - Earns yield continuously - Remains composable across DeFi protocols - Deploys automatically when protection is required **The gLP Advantage** By combining Guardian Fund with gLP (Guardian Liquidity Provider tokens), the system delivers dual functionality: capital protection with measurable returns. Risk parameters stay transparent, rewards are quantifiable, and participation remains open to the community. This approach transforms safety capital from a static reserve into an active, yield-generating asset that maintains its protective function.

🛡️ Guardian Fund Introduces Risk-Sharing Model for Protection Providers

Radiant's Guardian Fund introduces a risk-reward mechanism for liquidity providers through gLP tokens. **How it works:** - Users deposit ETH and receive gLP tokens representing their share of the protection fund - gLP tokens are yield-bearing and DeFi-composable **Earning potential:** - Protocol revenue - Staking rewards - DAO-managed growth strategies **Risk factor:** Capital can be slashed if funds are needed for remediation payouts to affected users. The system creates a transparent risk marketplace where providers earn yield in exchange for backing protocol security.

🛡️ Guardian Fund Launches Automatic Exploit Compensation

Radiant introduces automated remediation through its Guardian Fund, offering protection for eligible users against covered exploits. **Key Features:** - Automatic compensation distributed to users with locked dLP tokens - Payouts proportional to individual losses - Coverage capped at 100% of net deposit loss **Eligibility Requirements:** - Lock 15% of deposit value as dLP (dynamic liquidity provider tokens) - Example: $1,000 deposit requires $150 in locked dLP for Guardian protection The system activates automatically when a covered exploit occurs, streamlining the compensation process for affected users.

Radiant Capital Opens 2026 Community Council Elections

Radiant Capital has opened nominations for its 2026 Annual Community Council Election, a 30-day process accepting both self-nominations and community nominations. **Key Details:** - Elections held annually per DAO governance structure - Council members will guide protocol through critical growth phase - Responsibilities include shaping proposals, overseeing implementation, and representing community interests **Recent Progress:** - Rebuilt security infrastructure post-incident - Launched Guardian Fund - Recovered TVL from ~$3M to sustained levels above $15M Nominations will be followed by structured review and Snapshot ratification. [Full election details](https://community.radiant.capital/t/annual-community-council-election-2026/2297)

Infrastructure Built and Testing Before Live Launch

**Development Status:** - Smart contracts have been deployed - Frontend integration is in final testing phase - Launch timeline: soon **Key Point:** The project emphasizes this is functional infrastructure already built and operational, currently undergoing final testing before public release—not theoretical or planned development. **Previous Context:** Earlier testing showed users building and deploying Solana applications in minutes without coding requirements, with both frontend and backend design capabilities.