# \[MIP #70\] - Magpie’s Stance on the Radiant Capital Small Deposit Remediation Plan

**URL:** <https://gov.magpiexyz.io/t/mip-70-magpie-s-stance-on-the-radiant-capital-small-deposit-remediation-plan/547>\
**Category:** 4. Magpie Improvement Proposals\
**Created:** [March 6, 2025, 5:49pm UTC](https://gov.magpiexyz.io/t/mip-70-magpie-s-stance-on-the-radiant-capital-small-deposit-remediation-plan/547 "2025-03-06T17:49:56Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Desmen](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.magpiexyz.io/desmen/32/84_2.png) [@Desmen](https://gov.magpiexyz.io/u/Desmen)\
**Post date:** [March 6, 2025, 5:49pm UTC](https://gov.magpiexyz.io/t/mip-70-magpie-s-stance-on-the-radiant-capital-small-deposit-remediation-plan/547/1 "2025-03-06T17:49:56Z")

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## Abstract

This proposal seeks to determine whether vlMGP holders support Radpie’s proposal (RIP #18) to back Radiant Capital’s RFP-49. It proposes establishing a Convenience Class to facilitate the remediation of small deposits ($10 to $1,000) affected by the October 16, 2025, security breach, with a 30% haircut. The feedback from vlMGP holders will guide Magpie’s voting decision on RIP #18, ensuring alignment with the interests of its stakeholders.

## Motivation

Radiant Capital’s proposal introduces a structured approach to remediating affected wallets by prioritizing smaller depositors, reducing administrative burden, and enhancing efficiency. Radpie has put forth RIP #18 to determine its stance on RFP-49, and as a key governance participant, Magpie must now decide how to vote on Radpie’s proposal.

By consulting vlMGP holders, Magpie ensures transparency and community-driven governance. Supporting RIP #18 could reinforce Magpie’s commitment to efficient crisis management, bolster trust within the ecosystem, and demonstrate active participation in decisions affecting its SubDAOs.

## Specification

Vote on whether Magpie should support Radpie’s RIP #18, which endorses the creation of a Convenience Class for small deposit remediation proposed by Radiant Capital.

Please refer to the original proposal by Radiant Capital RFP -49:  
[https://snapshot.box/#/s:radiantcapital.eth/proposal/0x423740456e9aa29a266ea55e40d9e8481efe25e2f783e61c5aab2e7e907e3019  
 ](https://snapshot.box/#/s:radiantcapital.eth/proposal/0x423740456e9aa29a266ea55e40d9e8481efe25e2f783e61c5aab2e7e907e3019)

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<div class="post-metadata">

**Author:** ![Desmen](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.magpiexyz.io/desmen/32/84_2.png) [@Desmen](https://gov.magpiexyz.io/u/Desmen)\
**Post date:** [November 14, 2025, 4:37pm UTC](https://gov.magpiexyz.io/t/mip-70-magpie-s-stance-on-the-radiant-capital-small-deposit-remediation-plan/547/2 "2025-11-14T16:37:03Z")

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