Radiant Capital: The lending market on Arbitrum has been restored after multiple reviews, and the native USDC will be launched in a few days
Radiant Capital has released an update on the security incident on the X platform. After extensive review by OpenZeppelin, independent Ethereum researchers, white hat hackers, and the Radiant DAO committee, the lending market on Arbitrum has been reinstated and users can freely use all available lending markets. Due to the increased complexity of secure operations, native USDC will be launched in the next few days after additional review. The DAO snapshot proposal for repaying excess debt and conducting a comprehensive capital restructuring of the Arbitrum WETH market will soon be open for voting. The liquidation reward will initially be set at 1bps (the lowest setting) to allow users a grace period to improve their health scores. It will gradually increase to normal levels over the next 24 hours. Users who were liquidated due to asset price fluctuations during the suspension period will be handled on a case-by-case basis.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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