Funding for CLD Recovery Platform

Governance DAO Proposals
1

Name of DAO

[Crypto_Land_DAO]

Proposal overview

Governance Proposal: CLD Accelerated Recovery – Allocate 30M ONE to the CLD Recovery Platform for Hacked User Compensation

  1. Introduction
    In the wake of the Harmony Horizon Bridge exploit in June 2022, the Harmony ecosystem has been committed to restoring trust, supporting affected users, and ensuring long-term sustainability. The CLD Recovery Platform, developed in collaboration with security and recovery experts, represents a transparent, fair, and technically robust mechanism to compensate verified victims of the hack.

This proposal seeks to allocate 30 million ONE tokens from the RMC Multisig wallet to fund the CLD Recovery Platform. These funds will be used exclusively to compensate pre-hack wallet holders who suffered direct losses, with redemption rates scaled by loss tier to maximize impact while preserving capital efficiency.

  1. CLD Recovery Platform Overview
    The CLD Recovery Platform is a permissionless-yet-verified system designed to:

Restrict participation to wallets that held assets before the hack block and were compromised during the incident.
Snapshot user balances at the moment of the hack to determine eligible loss amounts.
Apply tiered redemption rates based on loss size to prioritize smaller retail victims while still offering partial recovery to larger stakeholders.
Charge a 1% operational fee to CLD to cover platform maintenance, verification, and administrative costs.
Redemption Tiers & Rates
Tier
Loss Range (USD)
Redemption Rate
1
$0 – $100
20%
2
$100 – $50,000
20%
3
$50,000 – $100,000
8.65%
4
$100,000 – $250,000
8.65%
5

$250,000
5.5%

Note: This excludes liquidity pool positions and tokens locked in protocols like Aave, Curve, Tranchess, and Frax, as those require separate legal and technical resolution paths.

  1. Funding Goal & Impact
    Total remaining compensation needed to achieve full recovery at hack-time values: $21.35M USD
    Proposed allocation: 30M ONE (valued at ~$300,000 USD at current market rates, assuming $0.01/ONE)
    Expected impact:
    Clear up to $12M USD of the $21.35M outstanding liability
    Enable up to 98% of pre-hack affected wallets to receive compensation
    Restore confidence in Harmony’s commitment to user protection

This allocation strategically targets the most vulnerable users (Tiers 1–2), who represent the majority of affected accounts, while still providing meaningful recovery for larger stakeholders.

  1. Economic Breakdown of 30M ONE Allocation
    Assuming a conservative ONE price of $0.01, 30M ONE = $300,000 USD.
    The platform will prioritize lower tiers first to maximize user coverage. Based on actual user distribution it may unlock up to:

Tier
Max Recovery (USD)
Redemption Rate
1
$1.5M
20%
2
$9M
20%
3
$1.5M
8.65%
4
$4M
8.65%
5
$12M
5.5%

Moreover, the 30M ONE may achieve up to ~98% wallet clearance (~65k wallets with up to 1K$ debt).

This approach ensures maximum social impact with limited capital.

  1. Mechanics & Safeguards
    Eligibility Verification:
    Only wallets with a non-zero balance before the hack (block #28130370) and a non-zero balance at 9 September 2025, 22:00 UTC (block #78292334) may register. The redeemable amount will be the minimum of the pre-hack amount and the amount on 9 September.

Token Distribution:
The users will have to use the CLD Recovery Platform to exchange their tokens
Exchanged tokens will be burned or sent to a dead wallet (0x0000…dead) to prevent misuse.

Transparency:
All claims, verifications, and distributions will be on-chain and publicly auditable.

CLD Fee:
A 1% fee will be deducted to sustain platform operations on each swap.

  1. Request
    We propose that the Harmony Community approves the transfer of 30,000,000 ONE tokens from the Harmony RMC multisig to the CLD Recovery Platform Smart Contract (0x6C7F225b585F589bBa78eAF289E9025dD2d677aD) on the condition that the funds be used exclusively for user redemptions in accordance with the tiered redemption structure.

Please feel free to reach us on our Socials

Proposal ask

[30,000,000 ONE / From RMC]

Metrics for success

[cryptolanddao.com / 250,000 Transactionson HarmonyONE]

External links

[rug.cryptolanddao.com]

1 Like
2

So cld is asking for $3,000 to burn tokens again.. isn’t that why everyone was against r1

1 Like
3

CLD is asking for 3k [ yes ]

  1. Cld has already built rug.cryptolanddao.com [ R1 ] was paid 3k to build their infrastructure
  2. 30 million = 3 rounds of R1 (THEY CHARGED 9K for this amount )
  3. CLD is not Selling ANY $ONE Tokens
  4. CLD IS NOT USING A CEX (Centralized Exchange)
  5. CLD Has EXACT Exchange rates built into the smart contract (and they have been adjusted since you last looked, smaller wallets = Recieve higher Exchange rates) (CLD won’t be adjusting the prices) after Harmonauts agree on the Exchange rates
  6. CLD is using a smart contract only
  7. Thanks for your feedback :blue_heart:
4

So you are asking for 30 mil one to enact a redemption rate lower then the modulo that still has millions of one left cause no one wanted to redeem of .09 on the dollar.. don’t you think that proposing to give people half of that is just a waste of 30 million one that will sit doing nothing. Recovery will be just like it is now non existent.

5

If that is what recovery will be like in the future paying .04 per dollar lost then I propose we just cancel recovery all together and don’t pay people for doing nothing.

6

Again we have adjusted the rates for smaller wallets, please read

”Redemption Rate
1
$0 – $100
20%”

This = 20 cents on the dollar (depegged 1USDC is less than 15 cents now) please see the provided LP for 1USDC

https://dexscreener.com/harmony/0xbf255d8c30dbab84ea42110ea7dc870f01c0013a

7

You also said your infrastructure was built. I went to it and that is what it said it would give me 400 one for 100 1usdc. So someone that lost 50k or over the rates are still lower than modulo. Modulo has almost over 4 million one left. Yes you are proposing to do 20 percent for small wallets but only to amount they lost so that will not come even close to 30 million one. On paper the small wallets might come close to 30 million one but we all know realistically most of those wallets are now dead wallets. I think it is a terrible idea sticking 30 million one to mostly just sit idle again in a unproven recovery method. History has proven that the community does not want less than .09 which is a fact since modulo has had 4 million one there for months. So then what happens to all that one? Is it considered burned? There is already 3.8 million one sitting in modulo being wasted. Honestly I think it is a huge slap in the community’s face that the biggest holders you propose giving 5.5 percent while you get 1 percent

8

20 cents on the dollar, is the best recovery option ATM.

Also we haven’t adjusted the rates, on CLD RecoveryPlatform, as that’s still actively in discussion,

The CLD Recovery Platform is currently only Funded with 600 ONE, all.*Contributions

9

That is not true.. you are proposing .20 and Mzfshark is proposing 1/1

1 Like
10

How long does *Recovery last in that scenario,

10 years

20 years

11

Probably about the same as clds proposal since none of the bigger wallets will accept anything less then .09 by proof of modulo and the dex was over .20 for couple months that anyone could have swapped for. So I don’t know why you would assume anyone would do you proposal unless forced

1 Like
12

Let’s vote :ballot_box_with_ballot: on *probably?

13

OK, let’s put this to a vote 70 million usd for 1:1 Recovery on HarmonyONE. Who’s funding this.

@Mercenary2022

BTW 30% of Recovery has already been accomplished via 4 million usd. (Estimated 400 million ONE)

[ in 3 years ]

100k USD was paid to R1 (team) members, over the same amount of time

14

I am talking about your proposal. You said .20 was best offer for recovery.. that was a lie.

Do you think I agree with 1/1 proposal either when I am proposing stopping recovery all together.

The fact is the majority of your exchange rate has already been tried and had no results. So explain to me why it would be different in your proposal. Instead of trying to talk about someone else’s idea.

Also you will never change my mind that paying someone 1 percent fee to get back 5.5 percent they lost is rediculous. You keep using r1 as example saying they did it.. well weren’t you one of their biggest critics? I guess it is better if you are charging.

15

if you dont understad, my proposal repeg on day 0

has no promises or “if price pumps”. its immediate. will slow down the “burn of depegs” but who cares? as they will be paid 1:1 already

btw im not asking for all money. so, if your proposal is so good to solve it.. you can do it with some part of funds and prove your point.

dont need be so desperate about this PUBLIC money. right?

16

I agree with trying a 1:1 rate. We’ve tried the 0.2:1 rate for a long time and it seems like the majority of the community are getting sick of it. I understand the burn rate will be slower, but we can try it. Maybe the depegged assets will start to trade near 1:1 on the dex’s again. That would be a great result where we’re effectively repegging right now within our current budget.

I know both CLD and mzfshark have already created platforms for this. Is there any reason why we can’t run both platforms (plus others) but as a community agree on the burn rate and all platforms run cohesively at the same rate?

Feels like there’s some bad blood at the moment and I personally would love to see things resolved in a positive way so the community can continue to work together. I would also be happy to see people paid for what they’ve built, I don’t think it’s really fair to expect people to work for free.

2 Likes
17

That is fair maybe try both, but I think all new methods should be tried at a smaller scale first to see if people will even do them. So you aren’t sticking tons of funds in something that will just sit unused. Start small and build up more every month if it’s working

1 Like
18

Another thing I was thinking was, if the burn is happening at 1:1 and depegged assets can regain some value on DEXs, this is going to add a lot of TVL to the ecosystem and bring all paired tokens up in value with it, potentailly including ONE.

@buttheadus would you consider modifying your numbers to start at 1:1 for the small wallets?

@mzfshark and @buttheadus how are you going to propose the proposals? Are you each asking for a set percentage? What about modulo? Do we need a separate proposal to set burn prices, percentage to each partner? Then one vote and done?

1 Like
19

Proposal are separated. There’s no connection. Also, me and @buttheadus are independents with different strategies in mind.

The proposal presented by me >> Recovery Vault Proposal

Its a Platform to manage redeem. Originally i propose to set 1:1 following my understand about market possibilities and a different approach for current deppeg issue on network.

From my side: i think we need 2 votes level.

  1. approve / reject a platform model
  2. determine % amount from recovery funds for each approved model

About modulo: Still the only current active platform we have at this moment

20
  1. Burner.modulo.so is already a Recovery partner (The only current Recovery partner) They reported that they burned approximately 5M ONE during the most recent *Leveraged Crypto market Dump, and they will add their Remaining 4M ONE, soon, if not already. [ RMC will need to decide (if, wen, & how much to send Burner.modulo.so if they exhaust all of their ONE)]
  2. For CLD Recovery Platform, we have built in oracles, at different wallet amounts, (I believe the smallest tier, is almost 98% of the affected victims wallets) Our Recovery Platform also refers to on-chain data prior to the hack, vs: mid September, to see which value is less ( so that savvy DeFi users (ARE NOT) paid back 2x
  3. CLD can adjust any tier to ANY level (of redemption) that the Harmony ONE Community agrees on.
  4. CLD Has already built the platform and it’s live now, (CLD fully funded our Recovery Platform Infrastructure to be built, tested, & deployed) however if we’re funded, we are requesting a 1% fee, on swaps. So CLD will ONLY get paid if Harmonauts choose to use rug.cryptolanddao.com
  • Tenacious_DeFi :blue_heart:
1 Like