Buy and Burn - MP

The team at Marinus Protocol are former users of the Harmony network and big fans of DefiKingdoms.

We have migrated from users to developers and would like to work with the Harmony team or at least the community.

There are a few proposals for recovery and very few are currently still functioning. We have crunched the numbers and understand the inflationary nature of ONE.

However at the current stage we are working on creating a validator node and will implement staking and lending with the pure thought of taking any additional fees that the community does not use, purchasing de-pegged assets and burning them.

We would like an official way of doing this from the Harmony Team but if that cannot be reached we plan on sending assets to the unofficial burn address of:

one1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqquzw7vz (or 0x0000000000000000000000000000000000000000).

We’re also developing a token counter to help us notate how much of the de-pegged assets have been burned.

With the Team and Community’s support we will continue but please let us know what we can do to help! The idea of the network was amazing. The 2022 Horizon hack was a mistake that should and can be fixed. Let’s rebuild the trust and bring back developers to what was once a thriving chain.

Thank you!

-MP

No recovery programs are functioning.

Harmony stopped contributing to recovery in Nov 2023.

The team won’t even set up a simple governance site for us to vote on the two new proposals, let alone any further changes.

There’s also a full tracking website already here –> Chef's Harmony Recovery Tracker

Best of luck, though, the more options the better!

No worries. We’re on it and we’ll do our best to help make the community whole.

Hopefully this can get the team’s attention and motivate them to do something about it!

We’ll keep updates posted here.

1 Like

Sounds good. We’re pulling for literally anyone to make progress!

Most burned tokens are in here as well:

0x000000000000000000000000000000000000dead
one1qqqqqqqqqqqqqqqqqqqqqqqqqqqqph4d6xartj