TechFlow reports that on June 1, the DeFi protocol Radiant announced it will gradually enter a “sunsetting” phase, as the DAO has determined there is no viable path forward for continued operations—following 18 months of sustained efforts since the October 2024 hack. The project currently has no progress on fund recovery, no new capital injections, and lacks both the financial resources and developmental runway required to sustain responsible long-term operations.
Radiant will transition to maintenance mode: its frontend interface will remain operational, on-chain smart contracts will stay accessible, and users may still withdraw funds, repay loans, and manage positions. However, all new feature development, upgrades, and expansions will cease. Although operations are winding down, on-chain contracts will remain functional; users must independently manage associated risks and gradually exit their positions.
