Radiant Capital launches proposal seeking consensus on debt repayment and market stability after breach

Radiant Capital initiated the RFP-27 proposal, seeking consensus from Radiant DAO stakeholders on the strategy and timeline for capital restructuring and repayment of excess debt in the WETH market after the January 2nd vulnerability in the Arbitrum lending market. The options are as follows:

Option 1 is to use the liquidity 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 the previous RFP.

Option 2 is the same as option 1, but includes using ETH obtained from the sale of RDNT tokens within 1 year to repay the DAO treasury. Given the attack value of 1,902 ETH (currently $4.3 million), this would involve the DAO selling approximately $360,000 worth of RDNT tokens per month over the next 12 months.

Option 3 is to abstain and redevelop the plan.