Get ready for liftoff! 🧑‍🚀 Tomorrow at 11 am EST marks th | Radiant Capital on Binance Square

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Radiant Capital

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Get ready for liftoff! 🧑‍🚀
Tomorrow at 11 am EST marks the start of Phase 2: RIZ UP Base!
https://t.co/edhEMto9nW
Join @IsaacRadiant from Radiant, @yanyanista from @okxweb3, and @0xLamps from @StargateFinance as they recap the final week of the @arbitrum phase and kick off the first week of @base.
🔔 Set your reminders!

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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📢 Ethereum Markets are Now Unpaused The @ethereum lending markets have resumed operations following robust security enhancements. Radiant has prioritized a secure return to normal operations, implementing extensive improvements across its framework. Ownership has now been transferred to a Timelock (TL) contract, as shown in this transaction: https://t.co/8bLQAfEIOO. This TL contract, available here: https://t.co/qGaBcjkuoo, enforces a mandatory 72-hour waiting period on any adjustments, fortifying Radiant’s security stance. In addition, Radiant has implemented an emergency admin role via a multisig structure, exclusively tasked with pausing and unpausing markets as needed. The DAO has also heightened multisig security, reducing the number of required signers to 7, with a 4-out-of-7 signing threshold.

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🚨 Security PSA 🚨 To ensure maximum wallet security, this is a reminder to revoke Token approvals! Visit @RevokeCash or use @Rabby_io to revoke permissions you no longer need. This simple step can help safeguard your assets in the event of an unforeseen exploit. Stay safe! https://x.com/RDNTCapital/status/1852023794405171583/photo/1

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AMA Announcement 🎧 https://t.co/FtJQ9vqn3h Following recent events, Isaac and Hung will be hosting an AMA to provide essential updates and address any outstanding questions. This will be the first opportunity to discuss the situation directly and live, and we welcome all questions and concerns from the community. If you have specific topics you’d like covered, please feel free to submit them in advance through the #feedback channel on Discord. 🗓️ Monday, November 4, 1:00 PM EST

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The Radiant DAO aims to provide clarity on the critical areas of focus moving forward: • Unpausing Base & Mainnet Core Markets: Developers are diligently working to reopen these markets. The code and libraries are being carefully re-checked to ensure everything is secure. A 3-day time lock must be implemented on the LendingPoolAdressProvider, which is under audit by @PashovAuditGrp. This must be completed before the unpause is executed. The current estimated timeline for unpausing markets is 24-36 hours. • Fixing ARB & BNB dLP Withdrawals and RIZ Functions: Expired dLP and RIZ assets can not withdrawn currently because it has calls to the impacted lending pools, which are paused. Radiant developers and relevant parties are reviewing PR changes that will be executed after the unpause of core markets. • Redeploying ARB & BNB contracts: After completing the previous tasks, the next focus will be redeploying the ARB and BNB core market contracts, complete with an updated user interface. • Investigation: As mentioned previously, @zachxbt's analysis points to the likelihood that the exploiter is tied to the 2023 Poly Network exploit. Law enforcement and @zeroshadow_io are working on the ongoing investigation. Radiant contributors are exploring potential recovery options with relevant parties should the exploited funds not be swiftly frozen and returned. • An AMA is planned in the coming days to address questions and provide further clarity. Feel free to drop any questions in the #feedback channel on Discord so they can be addressed during the AMA. Thank you for your patience and support during these challenging times. Stay tuned for more updates in the coming days.

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