Radiant DAO Community Announces "Compensation for Unlimited Allowance Vulnerability Loss" Proposal

Blockbeats

05-13

BlockBeats News, May 13th, the Radiant DAO community has proposed the "Compensation for Infinite Allowance Vulnerability Loss" proposal. The proposal includes compensating for the losses incurred by the infinite allowance vulnerability on October 16, 2024 (involving Arbitrum and BNB Chain), with a loss of $7.7 million in 2024 and $1.2 million in the first quarter of 2025.

The compensation will be distributed in stablecoin form, with a 30% discount for the 2024 loss and a 60% discount for the 2025 loss, prioritized below the depositors' compensation (RFP-47). The community will need to vote to decide on the source of funds, with options including the DAO and partners sharing the burden or no compensation.

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