Radix Weekly
Previously: the DAO was born on 31 October, the OTC talks wobbled, and the room waited on the recovered Solana USDC and the RDX Works burn vote.
A week that ended in genuine celebration. After months of stop-start negotiation, Gary signed the over-the-counter deal for RDX Works' ~1 billion XRD on Friday, and the room erupted in thanks. Around it: recovered hUSDC flowed back to holders, validators debated blocking RDXH addresses, and builders quietly shipped — a free Olympia archive, Hyperlane pools and more.
The OTC deal is signed
Gary announced Friday that the community has finalized and signed the agreement to buy RDX Works' ~1 billion XRD over the counter; transfers take a few more days, and he'll answer questions on his return. The room celebrated what roger_moon called the best news in years.
Should validators block RDXH?
A temperature check on validators refusing to serve RDXH addresses hit 87% quorum. Azel | genesisclown.xrd called RDXH thieves and said validators can voluntarily block them; Jelthebest, GENKIPOOL and Reply Guy warned it sets a dangerous precedent that scares off future whales. Daffy noted TCs stay advisory until the DAO activates.
Recovered hUSDC going home
@Andy.XRD and Timan confirmed the recovered hUSDC is being returned, with everything except Weft, Flux and xhswap completed by midweek. Mike Nguyen spotted a ~23.3k gap between the recovered and delivered amounts; Timan said some funds may still be on Solana awaiting bridging.
RDX Works enters liquidation
Jelthebest shared a UK Gazette insolvency notice, with more detail expected in about two weeks. Discussion turned to whether RDXW must sell or freeze its tokens; flightofthefox doubted a holding company could legally firewall the assets from HMRC's back-tax claim.
Handover prep and PRAC push
GENKIPOOL has wallet pull requests waiting and is pre-writing code for the repository handover, eyeing gateway removal to cut costs. projectShift confirmed the Foundation's asset transfer to the DAO is still underway, and called for more Permanent RAC candidates — Cluse submitted his candidacy.
- Ghenadie argued for a stable wallet over new features, with flightofthefox weighing centralised relays against hand-rolled peer-to-peer.
- LINUXX.xrd offered to AI-audit major dApp contracts and found notable issues in Ociswap, Caviar and DefiPlaza code.
- XRD82 concluded after reading the charter that RAC members face no significant personal liability if the DAO fails.
- Daffy (aka Heimdallr) explained that temperature checks stay advisory until the DAO activates, and enforcement depends on validators updating software.
Signed the community's over-the-counter deal for RDX Works' ~1 billion XRD; transfers complete within days and questions answered next week.
Confirmed the DAO has not yet legally received the Foundation's assets — the transfer is still underway — and urged more candidates for the Permanent RAC.
Returned recovered hUSDC to nearly all accounts and launched new Hyperlane pools on DefiPlaza, with more on request.
Shipped the Olympia archive and community explorer at zero cost, and is pre-writing wallet code ahead of the repository handover.
Weighed wallet engineering trade-offs, doubted RDXW's legal firewalls, and shared a Babylon node test commit — with a warning not to try it on a voting node.
The DAO is formed with a permanent RAC election coming, roughly 100k stables plus ~2 billion XRD have been transferred, and Gary just signed an OTC deal for RDX Works' ~1 billion XRD during its liquidation.
flightofthefox shared a Babylon node commit anyone can experiment with (just not on a voting node), while the dev-side chat balanced Ghenadie's push for wallet stability against GENKIPOOL's appetite for new, audited features.
The mood: A tense, scrappy week of governance sparring that turned to real celebration on Friday — the OTC deal finally signed gave the room its biggest morale boost in years.