Radiant Capital announced a phased shutdown of operations, with agreements now in maintenance mode.

CoinFeed reported on June 1st that, according to an official announcement from Radiant Capital, after 18 months of efforts following a hack in October 2024, Radiant Capital DAO has decided to enter an orderly exit phase due to its inability to effectively recover funds and lack of new capital and operating funds, rendering it unsustainable. The protocol frontend and on-chain contracts will remain open, allowing users to still withdraw, repay, and manage positions, but there will be no further feature iterations, upgrades, or expansions. The lending limit will be zeroed, RDNT token incentives will cease, and vault funds will only be used for essential operations. The team will shift its focus to user security, fund recovery, and the orderly liquidation of the protocol. The recovery portal and on-chain tracking will continue, and any recovered assets will be returned to affected users as planned.