Recovery Integrity for All Partners
This is an addition to the recovery process, delivering a temporary solution to the recent developments concerning recovery. As governance is currently undergoing development, we must continue with non-voting resolutions. The following suggests no changes to the current process, nor any changes to the current partners and Recovery Multisig Custodians (RMC).
To enhance accountability and proceed with funding, recovery partners must adhere to three primary steps:
First, volatility protection.
For partners opting to use centralized exchanges to accumulate pegged assets, upon receiving recovery funds in ONE tokens, recovery partners must exchange them into pegged assets within 48 hours to reduce potential volatility losses.
Second, transparency.
Recovery partners must document all transaction hashes, where possible, in a public document, Google Doc, Excel, Medium post, or any other platform of their choosing, within 24 hours of each step, covering reception of ONE funds, transfers to CEX, exchanges, member funding, and bridging back to Harmony.
Third, recovery.
Final recovery distributions must also be provided within the same document or a separate public document each round, which includes a verifiable log confirming participation has been limited to pre-hack wallets only (e.g., via wallet address verification).
These defined rules provide transparent, auditable paths for community review, minimize perceptions of manipulation during governance development, and continue funding in accordance to HIP-30v2, allowing temporary funding discontinuation if inconsistencies appear after 2 rounds following initiation.