Radiant Capital

RFP-27 is now live and aims to recapitalize the Arbitrum lending market and resolve excess debt from the January 2nd incident. The proposal presents options for debt repayment and market stabilization, with the goal of ensuring protocol integrity and reinforcing user trust. DAO members are encouraged to review details and cast their votes.

RFP-27 has been launched to address the recapitalization of the Arbitrum lending market and resolve the excess debt from the January 2nd incident. It presents strategic options for debt repayment and market stabilization, with the aim of maintaining protocol integrity and user trust. DAO members are encouraged to review the details and cast their vote to contribute to strengthening the platform.

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.

Radiant Capital has completed Snapshot 2 on Ethereum Block #18895010. Users who locked dLP for 6-12 months between snapshots 1 & 2 are eligible to receive a share of 500,000 ARB, as ratified in RFP-25. Eligible users will soon be able to claim ARB through a landing page implemented by Radiant's core contributors.

Radiant Capital is introducing omnichain functionality with its core feature, cross-chain borrowing. The platform aims to unify fragmented liquidity across EVM chains, allowing users to deposit assets on one chain and borrow on another. This is made possible through Stargate Finance's stable router interface. Users can easily deposit collateral and choose the network to receive borrowed funds, with repayments made on the original network. Radiant Capital's roadmap includes a LayerZero implementation for cross-chain repayments and other advancements.

A proposal to add native USDC as collateral in the Radiant money market is currently open for voting until December 24, 2023, 8:00 PM EST. Cast your vote now.

Radiant is seeking marketing agencies to join their journey to become DeFi's top omnichain money market. Proposals must be submitted by 12/29/23.

Radiant took swift action to resolve a potential vulnerability with Ledger Connect. While most ledgerhq components were removed months ago, a recent audit found a subdependency that has now been eliminated. Users are urged to exercise caution and refrain from action. Radiant advises being cautious with other dApps as they may have inherited the same package from their codebase. Stay vigilant and stay secure.

Unlock the opportunity to win your share of up to 1BTC by swapping RDNT and participating in the Binance Web3 Wallet campaign.

Radiant DAO has announced the addition of Balancer as a new asset for dLPs on Arbitrum. BAL tokens will now stream as platform fees to dLPs based on lock duration. The BAL rewards originate from a portion of trading fees from the Balancer 80/20 dLP pool, which is redirected to Hidden Hand to incentivize veBAL and vlAURA holders to vote and direct BAL emissions to the RDNT/ETH pool.