Remediation Plan
DAO-approved and implemented by the annually-elected Radiant Capital Community Council.
Following the October 16, 2024 exploit, the DAO approved a Community Remediation Plan to remediate affected users, maintain treasury sustainability, and reinforce protocol security.
This framework combines community-approved proposals, governance votes, executed by an annually elected community council.
Objectives
Deliver a DAO-approved path for user remediation.
Balance treasury and emissions sustainability.
Reinforce security posture with audits, monitoring, and bounties.
Ensure fairness and transparency via governance.
Key Components
1. Eligibility
Eligible: Losses from the Radiant lending market deposits (details). Remediation will be 1:1 with in-kind assets, subject to available funds from protocol fees, future investments, and partner contributions.
Not Eligible (for now): Unlimited allowance wallet drains. A separate proposal failed quorum; future votes may revisit. The will of the community will dictate.
Convenience Class: The DAO voted to create a “convenience class”, grouping smaller amounts ($10-$1,000 at 30% haircut) into a streamlined process, addressing 95% (28K) of the users and 2% of total loss, with distribution beginning in Q4 2025. This reduced administrative overhead, prevented backlog, and ensured quicker distribution for smaller accounts — a fairness-driven community decision.
2. Remediation Multi-sig
Funded via a combination of: Protocol Revenue, DAO treasury, adjusted emissions, reserves, new investments, and new partner contributions.
Allocated proportionally across Remediation Claim Contracts.
3. Distribution Mechanics
Claim contracts distribute funds directly on-chain.
Tranche releases are phased over multiple quarters, with the convenience class handled earlier (starting in Q4 2025) for efficiency.
4. Governance Oversight
Parameters ratified via Snapshot votes.
Adjustments follow the RFP/RPP governance process.
5. Security Hardening
Expanded audits, monitoring, and incident response.
Recovery Bounty Program incentivizes ethical fund return.
Protocol upgrades detailed in Sixty Days of Progress.
Timeline
The plan phases distributions while preserving sustainability.
Related Resources
Disclaimer
The Remediation Plan is community and DAO-approved and administered by the annually elected community council. It does not guarantee full remediation and remains subject to governance votes, treasury constraints, and technical feasibility.
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