BlockBeats News, May 5th, according to official sources, Radiant Capital announced that the new term of the DAO Community Council took office 60 days ago and took on the responsibility of rebuilding the protocol after the attack on October 16th last year. All on-chain markets of Radiant Capital have been relaunched.
During this period, the DAO has achieved several key milestones: relaunched all core and RIZ markets, optimized the economic mechanism and reserve strategy; developed a community-driven compensation plan, committing to compensating the affected funds in a 1:1 ratio with a long-term contract, and prioritizing compensation for small-scale users; clarified the fundraising method for the compensation funds through governance voting.
In addition, the DAO has also restructured its organizational framework, optimized team division of labor and vendor management, reduced costs, and improved execution efficiency.
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