Base dLP Update.
20 Oct 2024, 22:31
🚨 Base dLP Update 🚨
Radiant is aware of the concerns regarding Base dLP and have identified an issue with the rebalancing bot, which was influenced by the volatility following the recent exploit and rapid changes within the concentrated liquidity pool. The slippage parameters were not executed correctly as coded. However, it's important to note that the value of dLP shares has been restored, and no Base dLP users have been affected.
Radiant’s immediate priority is to restore the lending markets and resume normal operations as quickly as possible. Exciting new features are in development, including plans to expand RIZ markets and introduce long/short options for RIZ & Core assets. There is much ahead, with efforts focused on recovering and returning as much user capital as possible while continuing to build.