Radiant Capital: On-chain Markets Have Restarted, and Comprehensive Compensation Plan After Attack Incident is Underway

According to official news, Radiant Capital announced that the new DAO community committee officially took office 60 days ago, taking on the responsibility of rebuilding the protocol after the attack incident on October 16 last year. Markets on all chains of Radiant Capital have been relaunched.

During this period, the DAO has completed several key developments: all core and RIZ markets have been relaunched, and economic mechanisms and reserve strategies have been optimized; a community-led compensation plan has been formulated, promising to compensate damaged funds on a 1:1 basis through long-term contracts, with priority given to compensating small users; the method of raising compensation funds has been clarified through governance voting.

In addition, the DAO has restructured its organizational framework, optimized team division and vendor management, reduced costs, and improved execution efficiency.