Root Finance

Dear Radix Family, Following the recent events, we want to share some important updates. 1) hETH pool As communicated in our Telegram group, the hETH pool experienced an issue this autumn. The devs identified the vulnerability in time and managed to save almost all of the capital (approx. 80%). With this message, we confirm that the pool will be paused for all operations (supply, withdraw, borrow, repay) so the team can fix the situation and re-deploy the pool properly. If you supplied to the pool or interacted with it, please join Root’s Telegram and fill out the form with the required information (deposit tx, Root Receipt ID). Users who supplied hETH will receive their stake accordingly, based on their deposit transaction. Regarding xUSDC, the situation is different: many users used XRD as collateral and borrowed USDC to increase their exposure. After the dump, many loans were not repaid, so at times the pool has low available liquidity. This is not a bug—it’s normal money market demand/supply dynamics. 2) The future of Root & next implementations Root will evolve significantly in the coming months. Quick recap: Root was created by business people, DeFi enthusiasts, and crypto investors—not developers. To build Root, we initially assembled a Scrypto dev team by hiring freelancers and working with external firms. That helped early on, but it’s not sustainable long-term: a project needs loyal soldiers, not mercenaries. Over the past months, a group of Scrypto-native devs has joined the Root Family, also replacing members who left the Radix ecosystem for personal reasons. Since then, this team has been stepping in—not just to maintain Root, but to build it for the long run. And now, Root is entering a new phase—with new energy and a renewed commitment to execution. 👇 Upcoming major developments include: - UI/UX improvements - Starting the build of Root V2 (and yes, we’ll need the community’s help in governance votes 😉) And… defining Root Points into the $ROOT token All of this will be done in alignment with the Radix Foundation and—most importantly—the community. Join our Telegram to stay updated, and as always: your support makes all the difference. Let’s keep on building—together.