Following the recent vault redeployment and a thorough review, the decision has been made to rework the RIZ vaults in the future.
This decision is based on the vaults’ limited utility in their current state. With only a few active RIZ markets, there’s little incentive for users to deposit into the vaults beyond an attractive APR. However, the current APY remains low due to the small number of RIZ markets, making RDNT emissions the only use-case.
Due to the vaults' infrastructure, these RDNT emissions were being distributed to depositors without enforcing dLP eligibility requirements, allowing anyone who deposited to receive them. This approach was deemed inefficient, unsustainable, and unfair to those who lock dLP.
Current Challenges:
🔻No requirement for a dLP lock 🔻High maintenance costs 🔻Limited number of RIZ markets 🔻Bot allocates assets based on fixed percentages
Planned Improvements:
🔺RIZ Vaults will actively seek the highest yields within RIZ Markets 🔺Streamlined and automated maintenance 🔺Adding dLP lock requirement
The feature is expected to be improved in the future and release as RIZ Vault 2.0, while the current focus will shift to expanding RIZ market listings. Until then, the vaults will remain available but will no longer be displayed in the UI.
Users with vault deposits affected by the October incident can now use the latest checker to verify accuracy (Balance Checker: https://t.co/SyP1cEzZgl). A detailed post-mortem covering this process will be shared soon.
Thank you for your continued support and patience.
DAO Vote Live: RFP-50: Remediation Funding Methods for Depositors
After an agreeable and supportive 2-week ideation phase in the community forum, the proposal is now live for a 2-week governance vote. It seeks to ratify a series of treasury actions aimed at generating and securing additional funds to support the ongoing remediation plan and improving Radiant's prospects of receiving assistance from partners and regaining market adoption. These measures are designed to remediate users as effectively, efficiently, and creatively as can be accomplished, while rebuilding for true sustainability and differentiated market appeal.
Please support and be an integral part of our community relaunch 🤝
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.
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.
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.
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.
RIZ Vaults are now fully functional on @arbitrum & @BNBCHAIN 🎉
Following the successful relaunch of core markets on both chains, the last pending feature has now been restored. The necessary fix has been implemented, and users can once again interact with the vaults and perform all available actions.
Stay tuned, as emissions will be reactivated in the coming days — more updates to follow soon!
With core markets and most features now fully operational, Radiant is nearing complete functionality. The next major milestone? The highly anticipated One-Click Strategy feature!
Thanks to all Radiants for your continued support and patience!
To restore trust and rebuild after two devastating hacks, a new 3-member Community Council is proposed to lead Radiant toward a secure and sustainable future.
•Co-led by a tier-1 community member & Radiant’s DAO Administrator •Supported by legal & regulatory contributor + 4 trusted signers (4/7 multisig) •Security-first, community-led governance & roadmap
The current council will transition into pro-bono advisory roles to ensure a smooth handover.
Should Radiant DAO establish a Convenience Class for net deposits between $10 – $1,000?
🛠️ For 2% of the total hacked amount, the DAO could reimburse 90% (Arbitrum) – 98% (BNB Chain) of affected wallets.
💡 This would improve efficiency, reduce the number of cases to handle, and provide faster resolutions for 90%+ of users, strengthening retention and trust.
Core Markets Restored: BNB, USDT, and BTCB on @BNBCHAIN
Following the successful redeployment of @arbitrum Core Markets, BNB Chain now welcomes back these blue-chip markets.
Radiant is taking the same soft-launch approach as on Arbitrum. While all features and functions have undergone thorough testing, users are encouraged to report any issues or share feedback through Radiant’s official channels.
RIZ Vaults Fix in Progress + One-Click Strategies on the Way!
The fix for the RIZ Vaults is currently undergoing an audit and will be live shortly after completion, restoring full functionality.
Additionally, the One-Click Strategies feature is in its final deployment phase, so keep an eye out for more details in the coming days.
As for core markets on Arbitrum, the relaunch has been live for one week, and the TVL is showing consistent growth. Radiant continues making steady progress towards recovery, with more improvements on the horizon.
Thank you to the Radiant community for your ongoing support.
After several rounds of collaboration and reconciliation, the community-initiated RFP-47 (a.k.a. the remediation plan) is officially up for a 14-day Radiant DAO vote.
Informed by the clear direction of a 14-day community survey, this proposal outlines how funds will be distributed to remediate the hacked core market deposits on Arbitrum and BNB chains but not how said funds will be raised.
It also doesn't address the unlimited approval losses. Separate Q1.2025 proposals will be submitted by the Inaugural Community Council (pending ratification by an upcoming DAO vote) to seek community guidance on fundraising, remediation of unlimited approval losses, and other related decisions and activities.
Hot RDNT Emissions in the New Arbitrum Core Markets 🔥
Recent adjustments to allocation points have resulted in higher yields across several markets. These changes optimize reward distribution while maintaining a balanced approach to emissions.
📢 Radiant Security Update: U.S. Government and Allies Attribute October Incident to DPRK
On January 14th, an official communication from the U.S. government was published, in which the U.S. Department of State, alongside Japan and the Republic of Korea, provided an important update on the recent cyberattack affecting Radiant, attributing the attack to the Democratic People’s Republic of Korea (DPRK).
This attribution aligns with the details outlined in the post-mortem and incident update previously shared by Radiant, where the specifics of the attack and its methods were disclosed. It further validates the analysis conducted with the assistance of Mandiant, focusing on on-device forensics, as well as ZeroShadow and Hypernative for on-chain asset tracking, and SEAL 911 for additional support. These efforts directly address concerns raised by some in the community regarding the potential involvement of an insider.
According to the official press release, Radiant was targeted by a rogue nation-state employing its threat actors in a highly coordinated attack against the protocol. The U.S. Department of State would not disclose such information without confidence in its accuracy, relying on evidence provided by its various law enforcement agencies.
Additionally, the statement highlights the ongoing collaborative efforts between the U.S., Japan, the Republic of Korea, and the private sector to track and recover the stolen funds. This reflects a united global effort to counter these malicious activities.
Radiant remains committed to maintaining transparency and security, and this official attribution strengthens ongoing efforts to ensure the safety of the platform.
The full statement from the U.S. Department of State can be read here: https://t.co/BuyqMp7tZS
Radiant will continue to monitor the situation closely and provide updates as new information becomes available.
Core Markets Restored: ETH, USDC, and WBTC on Arbitrum
The restoration of Radiant’s @arbitrum and @BNBCHAIN core markets has officially begun. Following the redeployment of the lending pool due to the October incident, ETH, USDC, and WBTC markets are now live again on Arbitrum. BNB Chain redeployment can be expected before the end of January as well.
As the incident did not involve any smart contract vulnerabilities, the protocol’s structure remains unchanged. However, given this is a completely fresh deployment, users are encouraged to report any issues or share feedback through Radiant’s official channels or support system.