Recovery ONE: Burn Phase V2

The HIP 30 proposal did not pass (HIP-30: Validator Network Optimization and Token Emission Reduction). It prioritized recovery. Hopefully, the new HIP will be more balanced and expedite recovery. If recovery takes four years, that’s not fast enough. It looks like the price of the depegged assets is resembling individual debt that ends up in collection, retrieving only pennies on the dollar.

It would be beneficial to see an increase in the depegged assets at some point to reimburse more to those who have been affected.