Radiant Capital initiates a proposal, seeking consensus on debt repayment and market stability after the vulnerability
Radiant Capital has initiated Proposal RFP-27, seeking consensus from stakeholders of Radiant DAO on the strategy and timeline for capital restructuring and repayment of excessive debt in the WETH market following the vulnerability on January 2nd in Arbitrum's lending market.
Option one is to use funds from the liquid DAO and operational costs to repay bad debts. The Radiant DAO treasury currently holds approximately $5,236,996 USD worth of non-RDNT assets, excluding ARB tokens allocated through previous RFPs.
Option two is similar to option one but includes using ETH obtained from selling RDNT tokens within one year to repay the DAO Treasury. Considering an attack value of 1,902 ETH (currently $4.3 million), this would involve monthly sales of approximately $360,000 worth of RDNT tokens by the DAO over a period of 12 months.
Option three is abstaining and redeveloping a plan.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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