Radix Week in Review: The Handover Begins

The week in brief

• The Radix Foundation invited outside operators to take over three services it currently runs alone, which is the first practical step of the handover it announced in January.
• The Radix Accountability Council, five elected community members, is seated and will oversee that process.
• Radix Rewards Season 1 finished paying out: 114.3 million XRD across two seasons.
• The validator subsidy taper is on schedule and stops entirely in June.
• Blend, a fixed-rate lending platform aimed at institutions, named Brevan Howard and Keyrock among its partners.
• A community proposal would move the official developer documentation onto this wiki.

The interesting thing about this week is that the Foundation started giving pieces of Radix away, and did it by asking who wants them.

It published requests for proposals, which are open invitations to bid, on three services: the Babylon Gateway, which is the interface wallets and apps read the network through; the Connect Relay, which passes messages between a wallet on a phone and a site in a browser; and the Signaling Server, which introduces the two to each other in the first place. All three run on Foundation machines today, and every wallet and every application depends on them. The Foundation will comment on the bids it receives; it will not pick the winner on its own, because that choice is passing to community governance.

The RadixTalk thread on the Gateway bid ran past thirty replies, most of them asking whether the service as built is the right thing to hand over: it runs as a single instance with one aggregator process, which is a reasonable design for one operator and an awkward one for several.

The council is seated

The Radix Accountability Council is five people the community elected in February: Peachy, Jazzer_9F, Avaunt, projectShift, and Tadkis, who replaced Faraz that month. Voting weight came from XRD, Radix's own token, and 1.34 billion XRD across 1,151 accounts took part.

Its job is to coordinate the handover from the Foundation to the community: running the bidding process above, and forming the Radix DAO that will eventually hold what the Foundation holds now. It facilitates rather than decides; the decisions stay with the wider community through governance votes.

Money in, money out

Radix Rewards Season 1 closed on 3 February, distributing 114,347,194 XRD across Season 0 and Season 1 participants. A fifth was available immediately and the rest released over seven days, with anything forfeited by people who exited early redistributed to those who waited. A proposal for a shorter Season 2, to run during the handover, is being discussed on RadixTalk.

Going the other way, the validator subsidy is winding down on the timetable a 71.6% vote approved: capped at USD 200 a month in March, USD 100 through April and May, and nothing from June. Validators are the machines that agree transactions, and their operators have been running at a loss covered by that subsidy; from June the fees they charge have to cover their costs on their own. The separate Ecosystem Fund, originally 250 million XRD, has closed too, having distributed roughly 20 million XRD across 67 grants. Requests for proposals replace it.

Being built

Blend is a fixed-rate lending platform for institutions, in its definition phase, with Brevan Howard named for liquidity, Keyrock for market making, Anthic for liquidations and Instabridge for moving assets between chains. There is no launch date.

Separately, a proposal on RadixTalk would move the official developer documentation onto this wiki, making it the canonical place for Scrypto guides and Gateway API reference as the Foundation steps back from running developer services. It has drawn more than twenty-five replies and no decision.

The week on the ledger

Read from the Radix Gateway as the ledger stood at midday on 15 March 2026, epoch 291,113, against the same reading a week earlier.

The staked total fell by 212 million XRD over the week, a little over 4%, and the number of validators needed to hold a third of the stake between them dropped from nine to eight. Both moved in the same direction: stake left, and what remained sat slightly more heavily at the top.

Concentration watch

Eight validators held a third of all staked XRD, down from nine the week before, and 15 held half.

This week on the wiki

Two pages went up: the Radix Rewards Season 1 distribution, with the full breakdown of the 114.3 million XRD, the vesting schedule and how the forfeited share was redistributed; and a community profile for Bayesian.

What to watch

• Bids on the three services, and who besides the Foundation is willing to run them.
• The subsidy stepping down to USD 100 in April, and whether validators raise fees to match.
• Whether the developer-documentation proposal reaches a decision rather than staying a thread.

Corrections

Nothing this week.

Next: the bids arrive, and the council has to work out how to judge them.

Radix Week in Review series, Issue #1: Next: Issue #2, Mar 16–22, 2026 → · All recaps · Subscribe

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