Radiant Capital: Repaid 1190 ETH initial bad debt

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2024/01/23 12:27

On January 23rd, Radiant Capital officially announced that according to RFP-27, they have successfully repaid 1190 ETH of the initial bad debt, with approximately 720 ETH remaining. According to the provisions of RFP-27, the remaining bad debt will be repaid within approximately 90 days using OpEX funds. If the liquidity can be obtained faster, DAO reserve funds can also be utilized. As previously reported by BlockBeats on January 5th, Radiant Capital initiated proposal RFP-27 seeking consensus from stakeholders of Radiant DAO regarding the strategy and timetable for capital restructuring and repayment of excessive debts in the WETH market after a vulnerability occurred on January 2nd in Arbitrum's lending market.

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