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Radiant Capital
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📅 January Office Hours: Mark Your Calendars! The first Office Hours session of the year is here, bringing updates, plans, and insights on all things Radiant. 🌟 🗓️ When: Tuesday, Jan 28, 2025, at 1:00 PM EST 🔗 Join:
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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. 👉🏼 Explore the new markets at
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📢 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.
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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.
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Updates & Next Steps Functions & Features • Arbitrum Core Markets The initial batch of core markets will include ETH, USDC, and WBTC. These markets are currently undergoing the final round of testing and are expected to go live very soon. A soft launch is planned to allow users to start interacting with the markets again, test features, and share feedback during an initial trial period. Once this phase is complete and feedback is incorporated, focus will shift to reactivating BNB markets. • RIZ Vaults Following the launch of the first batch of core markets, a fix will be implemented to restore vault functionality. This adjustment is necessary because the vaults interact with both RIZ and CORE markets. The goal is to have this fix deployed within the same week or shortly thereafter. • 1-Click Strategy This new feature for RIZ markets was nearly ready for launch before the incident in October. Work to finalize this feature has resumed, and it is expected to be ready within the coming weeks. DAO and RFPs • RFP Idea 47 RFP Idea 47 outlines a proposal for the orderly repayment of depositors in Arbitrum and BSC core lending markets. This will be achieved by deploying claim contracts, merging assets, and liquidating all outstanding loans. The proposal focuses on the distribution of funds, not on how they will be raised.The remediation plan has entered what is expected to be the final 7-day ideation phase. Everyone is encouraged to review the details of the proposal and share feedback during this stage to help refine it further before it proceeds to a DAO vote.
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