DEV UPDATE #018

Hey Radiants! 🌟 

Time for another update on what we’ve been working on these past two weeks. 

Our hard work in Q1 and early Q2 is really paying off, and we’re speeding up our new launches 🧵👇

Radiant is building the first omnichain money market atop LayerZero. Deposit & borrow across multiple chains, seamlessly. 
🔗 linktr.ee/radiantdao

🔍 RIZ Audit Progress Reports

We’re kicking off biweekly reports on the RIZ codebase audit. It’s only been 1.5 weeks, so this is still high-level info. The auditors are starting broad to spot any potential issues before diving deep.

• Emergency Withdrawal: This is being checked to ensure it works correctly under various scenarios.

• Token Safety Limits: Chaos Labs is managing risk, and auditors are reviewing safe parameters for tokens in RIZ markets, too.

• Aave Code Integration: Auditors are ensuring the Aave-based code changes are secure and free from vulnerabilities for RIZ markets.

• Preventing Operational Risks: Simple changes are being made to avoid potential risks during deployment and operation of RIZ.

🔗 New Assets/Chains

Radiant recently welcomed weETH on Mainnet, and we’re excited to see how it performs, especially once gas costs are optimized (more on that soon!).

🔗 New Assets/Chains

Radiant recently welcomed weETH on Mainnet, and we’re excited to see how it performs, especially once gas costs are optimized (more on that soon!).

https://x.com/RDNTCapital/status/1794091587867156814

We’re working on efficient liquidation workflows for GMX assets, which could be our next markets if the DAO approves.

Base has been approved by the community, so Radiant will be there soon!

We’re also looking at Blast, Optimism, or Mode as potential next chains based on your feedback and our business development work. 

Some launches might start with just RIZ markets. As always, you’ll get to vote on the chains 🗳️

🔒 Security Enhancements

Our deposit and borrow caps have been working well, adding another layer of security to our money markets. We’re also evaluating optimized liquidation schemes and working with auditors to review code changes for new features.

Don’t miss DEV UPDATE #019! Stay tuned!

💡 RIZ (Radiant Innovation Zone / Isolated Markets)

RIZ is currently undergoing an audit (more on that below). In the meantime, we’ve launched a testing version and are ironing out any issues.