📢 Convenience Class Update – Opt-Down Period Now Active

Following the finalization of the balance checkers review, Radiant is moving forward with the next step in its remediation process.

As part of this process, the DAO has adopted a structured and widely recognized approach, often used in traditional finance contexts, by establishing a Convenience Class to prioritize early remediation for users with smaller balances.

🟢 The Convenience Class includes users with net deposits between $10 and $1,000, which together represent 95% of all affected wallets, but only 2% of the total amount impacted.

This structure enables the DAO to focus on remediating the vast majority of users with minimal impact on the protocol’s long-term sustainability.

💡 Users in the Convenience Class will receive a 30% haircut on their individual net deposit — meaning each user will be eligible to claim 70% of their original net deposit amount, up to a maximum of $1,000.

For example:

• A user with $500 will receive 70% of $500 → $350

• A user with $1,050 who opts down to $1,000 will receive 70% of $1,000 → $700

🔧 How to Opt Down

If your wallet is not currently eligible for the Convenience Class due to having a net deposit above $1,000, you may opt down to qualify.

To do so, send any ERC-20 token (e.g. 0.01 RDNT or 0.01 USDT):

→ From the affected wallet

→ To: 0x19508555Bbe5C8Ca65eDd38474946D36c1041AdF

→ On the same chain where you were affected (Arbitrum or BNB)

Once the transaction is recorded on-chain, your wallet will be migrated to the Convenience Class and removed from the long-term Claim Contracts.

📅 Opt-down deadline: August 31st

📄 Full details & user lists: https://t.co/zdViHkDAWX

Links to these Google Docs expose personal information. Use a temporary Google account or a private browser tab to avoid this exposure.

📌 Note: Wallets affected by unlimited allowances will be addressed through a separate RFP. Final decisions will be made by the DAO through governance vote.