RIP #17 - Support for Radiant DAO Inaugural Community Council Election

Abstract

This proposal seeks to determine whether Radpie should support Radiant Capital’s RFP-48, which advocates for the formation of an Inaugural Community Council to rebuild trust, strengthen security, and transition to a decentralized governance structure following the 2024 security breaches. The council will be responsible for guiding the protocol’s economic recovery, recapitalization, and governance transition over a 12-month period, ensuring sustainable and community-led decision-making.

Motivation

Following two devastating hacks in 2024, Radiant Capital is at a critical juncture. The election of a Community Council represents a major step toward restoring trust, ensuring security, and decentralizing governance. Supporting this initiative aligns with Radpie’s mission to safeguard stakeholder interests and promote long-term sustainability within the ecosystem.

By endorsing RFP-48, Radpie helps drive decentralization, optimize security protocols, and support a structured governance model that enhances confidence in the protocol. The key benefits of this proposal include:

• Security Enhancements – Improved security audits, multi-sig procedures, and proactive threat mitigation.
• Transparent Governance – A structured, community-led governance model with annual elections.
• Economic Recovery – A plan to compensate affected users and rebuild Radiant’s total value locked (TVL).
• Long-Term Stability – A clear roadmap to innovate, attract new users, and strengthen protocol operations.

Specification

Vote on whether to support Radiant Capital’s initiative, which includes:

• Establishing a 12-month Inaugural Community Council (3 members).
• Strengthening security through audits and operational improvements.
• Implementing a DAO-led governance model with annual elections.
• Supporting economic recovery plans, including depositor compensation.
• Expanding Radiant’s ecosystem with new DeFi solutions and asset integrations.

For full details, read Radiant Capital’s RFP-48 proposal here:

https://snapshot.box/#/s:radiantcapital.eth/proposal/0xd2159dc33d032b03345ac15b6fa13d95103657e053bd7abf5f994b858a0328ec