🚀 Radiant Capital Updates on October Attack Recovery Efforts
#RadiantCapital #OctoberAttack #RecoveryEfforts #Fundraising #RemediationPlan #CommunityProposal #DAOVoting #CouncilElections #GovernanceProcess #MultiChainLending
According to Odaily, Radiant Capital, a multi-chain lending protocol, has provided an update on the October attack that resulted in approximately $58 million in losses. The platform shared the following developments on X:
1. Recovery and Fundraising: Efforts to recover the lost funds and raise rescue capital are ongoing, but there have been no significant advancements or positive updates so far.
2. Remediation Plan: A comprehensive community proposal is set to be resubmitted to the DAO for voting. After undergoing council review and mediation, the process is expected to proceed more smoothly. A separate proposal addressing unlimited authorization losses is anticipated to be drafted in the first quarter. This remains a complex and sensitive issue requiring careful handling.
3. Council Elections: Another proposal is in the community collaboration phase and will soon enter the governance process to elect a new community council. This will replace the inaugural council as per the DAO's charter. Subsequent council elections will be held annually.#RadiantCapital #OctoberAttack #RecoveryEfforts #Fundraising #RemediationPlan #CommunityProposal #DAOVoting #CouncilElections #GovernanceProcess #MultiChainLending
🚀 DYdX Chain Set For Software Upgrade To Version 8.0
#dYdX #ChainUpgrade #SoftwareUpdate #Blockchain #CryptoNews #Version8.0 #CommunityProposal
According to Foresight News, the dYdX community has approved a proposal to upgrade the dYdX Chain to version 8.0. The software update is scheduled to occur at block height 35,602,000, with the upgrade expected to take place on January 23 at 11:25 (UTC+8).#dYdX #ChainUpgrade #SoftwareUpdate #Blockchain #CryptoNews #Version8.0 #CommunityProposal
🚀 Radiant Capital Proposes Remediation Plan Following $58 Million Attack
#RadiantCapital #Crypto #DeFi #LendingProtocol #RemediationPlan #DAO #CommunityProposal #CyberAttack #Blockchain #Fundraising
According to Odaily, Radiant Capital, a multi-chain lending protocol, has announced the submission of a community-initiated proposal, RFP-47, also known as the Remediation Plan, to Radiant DAO for a 14-day voting period. This proposal comes in response to the approximately $58 million attack that occurred in October of last year. The proposal does not address issues related to unlimited authorization losses. The first community committee, pending approval from the upcoming DAO vote, plans to submit proposals in the first quarter of 2025. These proposals will seek community guidance on fundraising, remediation of unlimited authorization losses, and other related decisions and activities.#RadiantCapital #Crypto #DeFi #LendingProtocol #RemediationPlan #DAO #CommunityProposal #CyberAttack #Blockchain #Fundraising
🚀 Celestia Community Proposes 33% Inflation Rate Reduction
#Celestia #TIA #InflationRate #CryptoEconomics #MustafaAlBassam #Solana #Blockchain #CommunityProposal #SOL
According to Odaily, the Celestia (TIA) community has introduced a new proposal to reduce the inflation rate of TIA by 33%. Mustafa Al-Bassam, the founder of Celestia, expressed his support for the proposal. He explained that the initial decision on the inflation rate was influenced by Solana's inflation plan to maintain simplicity, avoiding the Cosmos standard of a permanent 10% inflation rate. Al-Bassam noted that recent community consensus indicates the current rate is still too high. With Solana also considering a reduction in its inflation rate, he believes it is an appropriate time for Celestia to make adjustments. He stated that a 33% reduction strikes the right balance, effectively adjusting the inflation curve without significantly compromising crypto-economic security.#Celestia #TIA #InflationRate #CryptoEconomics #MustafaAlBassam #Solana #Blockchain #CommunityProposal #SOL
🚀 Ethos Network Proposes Daily Review Mechanism to Prevent Reputation Manipulation
#EthosNetwork #ReputationManagement #DailyReview #CommunityProposal #ReputationGrowth
According to Foresight News, the Ethos Network community has introduced a proposal to implement a daily review qualification mechanism aimed at preventing reputation manipulation. The proposal suggests that reviews by authors be activated daily in chronological order of creation, with only one review per day contributing to the reputation score. This measure is designed to prevent a single author from excessively influencing reputation scores in a short period, thereby promoting more stable reputation growth.#EthosNetwork #ReputationManagement #DailyReview #CommunityProposal #ReputationGrowth
🚀 Deadline Approaches for Migration of ethDYDX Tokens to Native Chain
#dydx #ethdydx #migration #cryptocurrency #blockchain #Ethereum #DYDXchain #deadline #communityproposal #ETH
According to PANews, the dYdX platform has announced that over 64.4 million ethDYDX tokens have yet to be migrated to the native DYDX chain. A community proposal, which received approximately 91% support, has set June 9, 2025, as the date for an on-chain vote to officially end support for the Ethereum to dYdX chain bridging contract. Users are urged to complete the migration promptly to avoid restrictions on their assets.#dydx #ethdydx #migration #cryptocurrency #blockchain #Ethereum #DYDXchain #deadline #communityproposal #ETH
🚀 dYdX Foundation Allocates 75% of Protocol Revenue for Token Buyback
#dYdX #Foundation #ProtocolRevenue #TokenBuyback #DYDX #CommunityProposal #ForesightNews
According to Foresight News, the dYdX Foundation has announced that the dYdX community has approved a proposal to allocate 75% of protocol revenue for the buyback of DYDX tokens. Starting today, this portion of the protocol fees will be used to repurchase DYDX on the open market.#dYdX #Foundation #ProtocolRevenue #TokenBuyback #DYDX #CommunityProposal #ForesightNews