Odaily Planet Daily reports: The DeFi protocol Radiant has announced that, after 18 months of sustained efforts following the October 2024 hack, the DAO no longer has a viable path forward and will gradually enter its "sunsetting" phase.
Radiant stated that there has been no progress in recovering funds, no new capital injections, and insufficient funding or room for development to sustain normal operations, making it impossible to continue responsible long-term operations.
Under the plan, Radiant will transition into maintenance mode: the frontend interface will remain operational, on-chain smart contracts will remain accessible, and users will still be able to withdraw, repay, and manage their positions. However, all new feature development, upgrades, and expansions will cease. Simultaneously, lending limits will be set to zero, RDNT token issuance incentives will be halted, and treasury funds will be used solely to maintain basic operations. The project will henceforth focus entirely on user asset security, fund recovery, and an orderly liquidation process.
Radiant stated that asset recovery efforts will continue, and the related recovery portal remains open; any subsequently recovered funds will be returned to affected users, though the outcome of recovery is uncertain and may take a long time. Although operations are gradually being wound down, the on-chain contracts remain operational, and users must manage their own risks and gradually exit their positions.