Radiant Capital has recently launched the RFP 27 proposal aiming to reach a consensus, among Radiant DAO stakeholders regarding a thought out strategy and timeline for restructuring the capital and repaying the WETH market in Arbitrums lending market. This decision comes after identifying vulnerabilities that arose on January 2nd.
There are three options under consideration. The first one involves utilizing funds from the DAO along with operating costs to repay any debts. Currently the Radiant DAO treasury holds $5,236,996 in assets excluding ARB tokens acquired through RFPs.
The second option aligns with the one. Includes repaying the DAO Treasury using ETH obtained from selling RDNT tokens within a year. To cover the attack value of 1,902 ETH ( to $4.3 million) this would require selling around $360,000 worth of RDNT tokens, per month for twelve months.
Lastly option three suggests abstaining from making a decision at this point and revisiting and reformulating the plan altogether.