Radix Weekly
Previously: the Weft exploit incident report landed, the TC for Ratification vote opened, and the funded-restart debate stayed unresolved.
Governance took center stage this week as the DAO ratification vote smashed through quorum with unanimous approval, while the community wrestled hard with how to distribute recovered hUSDC from the hack. The room started tense over the fairness question but ended energized as projectShift outlined what comes next for community-led rule.
DAO ratification vote passes quorum
The 7-day ratification vote reached and surpassed quorum by Sunday with 100% approval. projectShift urged continued participation through the remaining five days, noting quorum is a requirement, not the goal. foxolady and XRD82 drove voter turnout all week, with foxolady sharing first-24h stats of 100 accounts and 880M XRD.
Recovered hUSDC: return or redistribute?
The community debated whether ~450k recovered hUSDC should return to original holders or be shared among all hack victims. Faraz, Timan, foxolady and Radix Superfan argued for returning to rightful owners; Ulfar pushed pro-rata distribution. projectShift framed it as a jurisdictional question and noted Hyperlane's compliance requirements may limit what's…
Open-source liability after the hack
flightofthefox argued that holding open-source authors liable for all downstream uses would kill open source entirely. Radix Superfan questioned whether bugs causing massive financial losses should carry zero accountability. The exchange was substantive but unresolved.
Community builds governance tooling
GENKIPOOL launched a functional governance portal at radix-community.genkipool.com, with Timan converting the Webflow site to static to cut costs and adding multi-account voting. The community also flagged outdated dApp listings on public pages that could undermine user confidence.
Next steps after ratification
projectShift clarified the Activation vote truly starts the DAO, but incorporation allows preparatory work including electing the Permanent RAC. foxolady noted at least seven candidates are needed and that work groups can begin organizing immediately.
- Vlad B • ideomaker.com • foton.is • radi urged periodic security audits, noting hackers target mid-level projects.
- A MultiversX exploit minting 76M EGLD drew cross-chain comparisons; funds were reportedly blocked before liquidation.
- Vandy ILL | Radix Ambassador invited feedback on new moderation standards, noting none exist post-Foundation handover.
- projectShift called crypto insurance impractical, citing prohibitive prices and exclusions.
Confirmed ratification quorum reached with 100% approval, outlined FND asset transfer rules, and clarified that the Activation vote truly starts the DAO while incorporation enables preparatory work.
Argued only returning recovered hUSDC to original holders is valid, proposing a six-month ROLA claim mechanism with unclaimed funds recouped by the DAO.
Pushed back on holding open-source authors liable for downstream damage, arguing automatic liability would kill open source entirely.
Built a functional governance portal and defended using real voter data over synthetic simulations, while calling for more professional community moderation standards.
Argued recovered property must return to rightful owners, rallied voter participation with first-24h stats, and reflected on how the hack hit the most engaged community members hardest.
The Activation vote is what truly starts the DAO, but incorporation allows the Transition RAC and FND to do preparatory work including electing the Permanent RAC. Community work groups can begin organizing immediately.
The mood: The week began tense over hack-recovery disputes but ended energized as the ratification vote sailed through quorum with unanimous approval.