Radiant Capital has proposed to seek consensus on debt repayment and market stability after the vulnerability

2024-01-05 19:42:05
Collection

ChainCatcher message, Radiant Capital initiated RFP-27 proposal, seeking consensus from Radiant DAO stakeholders on the strategy and timeline for capital restructuring of the Arbitrum lending market and repaying the excess debt in the WETH market following the vulnerability on January 2.

Among them: Option one is to use liquid DAO funds and operating costs to repay bad debts. The Radiant DAO treasury currently holds approximately $5,236,996 in non-RDNT assets, excluding ARB tokens allocated through previous RFPs; Option two is the same as option 1, but includes repaying the DAO Treasury with ETH obtained from selling RDNT tokens within one year. Given that the attack value is 1,902 ETH (currently $4.3 million), this would involve the DAO selling approximately $360,000 worth of RDNT tokens each month over 12 months; Option three is to abstain and rework the plan.

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