Radiant Capital said it had resumed its Ethereum lending markets after implementing several security enhancements to its protocol.
Radiant Capital has resumed its Ethereum lending markets following a hack that cost an estimated $58 million in digital assets.
On Nov. 1, the lending protocol announced it had implemented improvements across its framework. This includes transferring ownership into a timelock contract. The Radiant Capital team said this enforces a mandatory 72-hour waiting period for any adjustments, claiming it fortifies Radiant’s security.
The team also implemented an emergency admin role using a multisignature structure. The role is tasked with pausing and unpausing the lending protocol’s markets as necessary.
