$RDNT
Yesterday, Radiant Capital suspended its lending market due to a cybersecurity vulnerability on BNB Chain and Arbitrum. Web3 security company De.Fi estimates that the vulnerability has caused a loss of about $58 million. The Radiant team is working with multiple security companies and will provide updates as soon as possible.
Not long ago, Radiant Capital initiated a proposal to change the release of 200 million RDNT from three years to two years. The proposal stated that the initial release plan was designed when the RDNT price was $0.3, but due to various reasons, the price has fallen to $0.072, reducing Radiant's ability to attract liquidity. In order to increase the annual interest rate and attract users, it is proposed to release tokens in advance. The current proposal has a 91.45% approval rate and will end on October 15.