Radiant Capital Announces Phased Shutdown of Operations, Protocol Enters Maintenance Mode

On June 1st, according to an official announcement from Radiant Capital, after 18 months of effort following a hacker attack in October 2024, Radiant Capital DAO has decided to enter an orderly exit phase due to its inability to effectively recover funds, lack of new capital, and insufficient operating funds, rendering it unsustainable. The protocol's front-end and on-chain contracts will remain open, allowing users to continue withdrawing, repaying, and managing their positions. However, there will be no further feature iterations, upgrades, or expansions. Lending caps will be set to zero, RDNT token incentives will cease, and treasury funds will only be used for essential operations. The team will shift its focus to user security, fund recovery, and orderly protocol liquidation. The recovery portal and on-chain tracking will continue, and any recovered assets will be returned to affected users as planned.