Radiant officially announced that it has resumed the lending market on the Ethereum mainnet. The contract ownership has been transferred to a new time-locked contract. Future adjustments to the protocol will enforce a 72-hour waiting period to improve the security of the protocol.
In addition, Radiant has added an emergency administrator role for the multi-signature structure, which is responsible for suspending and resuming the protocol as needed. Radiant DAO has also strengthened the multi-signature setting, reducing the number of required signers to 7, and adopting a 4/7 signature threshold.
Earlier news, Radiant suffered a hacker attack and lost $53 million.