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Radiant has restored the lending market on the Ethereum mainnet, adding time locks, emergency administrators and other settings
2024-11-01 00:46
Odaily News Radiant officially announced that it has resumed the lending market on the Ethereum mainnet. The contract ownership has now been transferred to a new time-locked contract. Future adjustments to the protocol will enforce a 72-hour waiting period to improve the security of the protocol. In addition, Radiant has added an emergency administrator role for a multi-signature structure, which is responsible for suspending and resuming the protocol as needed. Radiant DAO has also strengthened the multi-signature setting, reducing the number of required signers to 7, with a 4/7 signature threshold. Earlier news, Radiant suffered a hacker attack and lost $53 million.