Radix Weekly
Previously: the DAO ratification vote surpassed quorum with 100% approval, the hUSDC distribution debate split between returning to holders versus pro-rata sharing, and the community was pivoting from crisis recovery to
A turbulent week. The DAO Constitutional Proposal and FND Refund Allocation vote were both due to close, but the room's energy was consumed by darker questions: a winding-up petition against RDX Works surfaced publicly, large treasury XRD transfers to an exchange raised transparency alarms, and a fierce debate erupted over whether the community should fork Radix or whether Hyperscale could serve as an upgrade path. Through it all, a few builders quietly shipped — Caper…
DAO governance scope: shield or company?
Seböööl argued the DAO needs fiat accounts, accounting, and a bootstrapping workgroup with budget from day one. projectShift pushed back hard, saying the DAO is a governance shield, not an operating company, and operational decisions belong after Activation under the Permanent RAC.
RDX Works winding-up petition surfaces
Prophet shared a public caseboard link showing an active winding-up petition against RDX Works. flightofthefox called the situation deeply concerning and said former RDX Works assets are now HMRC property. Azel clarified RDXW Ltd and RDXH are separate entities, complicating the picture.
Fork Radix or build on what exists?
Daniel argued for forking to shed legacy liabilities and attract fresh capital. GENKIPOOL and Timan countered that a fork would lose CEX listings, bridges, treasury, and partner trust. flightofthefox dismissed the value of CEX listings held by 'fundamentally useless' entities.
Can Hyperscale upgrade Radix?
flightofthefox argued hs-rs could serve as a Radix upgrade by porting the validator set, assets, and state — a Ship of Theseus. James Sinkem insisted the technologies are fundamentally incompatible. Jonas and Aditya Ingle sided with exploring a migration path.
Treasury XRD transfers raise transparency fears
Bayesien identified seven suspected group accounts holding ~1.49bn XRD, with 233m XRD sent to an exchange address since July. Jelthebest traced a transaction splitting XRD to nodes previously staked on Twinstake. Azel dismissed the concern as FUD, but no official explanation emerged.
- Seböööl shared RDXH financial data showing roughly £1.5m cash and £19m digital assets as of May 2025.
- Vlad B is implementing fiat payments for a new Foton version, likely via Moonpay to avoid Stripe's crypto friction.
- A m volunteered to investigate Ledger Flex hardware wallet support; projectShift suggested a community proposal to fund it.
- Timan listed active Radix projects: Astrolescent, DefiPlaza, RSwap, Foton, Ociswap, Vibolto, rly.fun, and Runfly.
Pushed back against operational-overhead concerns, insisting the DAO is about governance not control. Revealed treasury details will only be known on handover day, after DAO incorporation and Transition RAC technical prerequisites are met.
Argued hs-rs could serve as a Radix network upgrade via a Ship of Theseus port of state and validators. Called the RDX Works situation deeply concerning, said former assets are now HMRC property, and warned a certain entity's tax liability could exceed the entire market cap.
Redirected a rebrand discussion toward what matters, saying the community needs enthusiasm and people stepping up for the RAC and work groups rather than cosmetic changes.
Raised detailed DAO operational concerns — bank accounts, accounting, tax filings — and shared RDXH financial data showing roughly £1.5m cash and £19m digital assets as of May 2025. Reached out personally to frustrated members to rebuild dialogue.
Probably just on the day they are effectively handed over, after the DAO is incorporated and the Transition RAC has complied with and enabled all technical requirements like PrimeVault accounts and signers.
The week's sharpest technical debate was whether hs-rs could serve as a Radix network upgrade. flightofthefox compared it to PostgreSQL and PlanetScale — open-source that Radix could adopt — and argued the validator set, assets, and state could be ported. James Sinkem called the technologies…
The mood: Frustration and uncertainty dominate — the RDX Works winding-up petition, opaque treasury transfers, and a deepening people gap have left the community questioning whether the pieces are in place to move forward.