Radiant has restored the lending market on the Ethereum mainnet, adding time locks, emergency administrators and other settings

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.