This really is misinformation!
I actively upgraded the contract and actively developed on it until they took over the deployment. They could because they controlled the frontend.
Feb8 , 1 monthly later — just decided to on their own without talking to rest of the team. sus.
None of this possible with incentivization structure (fyi this was related to R1 token – hence perf bonus, but still relevant to early structure):
Why did you not reduce it by 100%? Why even take money to do the right thing? I wouldn’t have.
Apperently there was no need to take the old code away, it worked fine, and had a working whitelist, right?
The “new” Team just wanted to have power, sad.
I am part of the community, never seen you anywhere.
I am also a victim, you never worked with me.
That’s privat, and you know it.
Correction: Old team wanted power by using closed code frontend, took over deployment, then oust the only other technical person that could provide technical oversights how contract operated.
Are we here to discuss potential solutions and improvements or shit talking on others back?
How is R1 going to fix the exchange? Or should Harmony give those funds to Modulo/Tranquil instead?
At the suggestion of TrickLuhDaKidz, I am copy-pasting my recent post from the Discord server.
A few ideas:
(1) I think it’s best for everyone if H1 continues to buy at market rates from the LP pools until the price starts rising. I don’t see why they should be handing out extra money to random people as it is not incentivizing any useful behavior, and those who don’t have the time to watch R1 are missing out.
(2) There is no point in converting to pegged USDC, let alone USDS, in order to buy back depegged assets. All of the pools are paired with ONE or each other (or one is with JEWEL I guess), so why create extra transactions costs in illiquid assets?
(3) The buybacks/redemptions/whatever should be done continuously rather than in monthly cycles. By having funding cycles, arbs can front-run the buybacks. Better to go at $5K per day than $150K once per month.
(4) The rate of buybacks should be increased significantly. The price is literally half of what it was when this all started, and that’s because people can do the net present value calculation and see that the present value of payments at the current pace gives less than something like 5 cents of value today (although it is higher if the % of dead holdings is significant - which it probably is).
Clearing out the depegged assets really should be a top priority. Until that happens, defi can’t get going again, and the threat of lawsuits mounts.
At the suggestion of TrickLuhDaKidz, I have copy-pasted my recent post from the Discord server.
A few ideas:
(1) I think it’s best for everyone if H1 continues to buy at market rates from the LP pools until the price starts rising. I don’t see why they should be handing out extra money to random people as it is not incentivizing any useful behavior, and those who don’t have the time to watch R1 are missing out.
(2) There is no point in converting to pegged USDC, let alone USDS, in order to buy back depegged assets. All of the pools are paired with ONE or each other (or one is with JEWEL I guess), so why create extra transactions costs in illiquid assets?
(3) The buybacks/redemptions/whatever should be done continuously rather than in monthly cycles. By having funding cycles, arbs can front-run the buybacks. Better to go at $5K per day than $150K once per month.
(4) The rate of buybacks should be increased significantly. The price is literally half of what it was when this all started, and that’s because people can do the net present value calculation and see that the present value of payments at the current pace gives less than something like 5 cents of value today (although it is higher if the % of dead holdings is significant - which it probably is).
Clearing out the depegged assets really should be a top priority. Until that happens, defi can’t get going again, and the threat of lawsuits mounts.
all the proposal looks good to me. Not sure, if as a core member, i am allowed to vote, but i voted on the first choice of the two polls.
Ideally, have a whitelist running until the redemption are no more for x days or weeks then allow the bot to kick in.
@sophoah - who is a CORE MEMBER? Is there a list, can you provide one please?
i was referring to harmony core member, ie Casey, theo, myself, max etc …
So, Core members are:
Anyone else?
Max, Gheis, Konstantin, Diego, Sun, Julia, Abhinav, Frank, Li, Stephen, …
Thanks for clarifying @sophoah 
But if you weren’t working on the code and you haven’t been here in 9 months, what are you being paid for exactly?
Your lack of leadership and the way you talk down to members of this community is a large part of the reason less and less people care as time goes on. You seem to have forgotten everyone at Harmony was affected whether they had or currently have depegged assets. The entire chain suffers while you bicker about the semantics of your absence. Do the job you’re paid for or resign and let someone else do it.
A couple more months and no one will care. I’m still trying to figure out how there were “no bots” and “all unique users” while most of the recovery funds ended up in 4 wallets? And you and Matt have ignored the fact that someone from R1 team redeemed before the announcement. What happened there? Can we get the truth this time?
I don’t spend a lot of time keeping up with h1 because I generally have enough drama in my life already but that doesn’t mean my bags are empty yet.
Its good to see some activity and community on the Harmony blockchain. It looks like the only place the Harmony community is still alive is with the validators community and Recovery One’s efforts. Everything else is still dead. 
You can’t have other activities when you have deppegged assets all over the place that are worthless. Maybe Harmony didn’t quite understand that as they are doing nothing to help the cause.
Both polls seem promising, and I would like to see them implemented as well.
My thoughts, perhaps a limit of $300 to $500 per wallet could be set. Additionally, it would be beneficial to add a whitelist for rONE votes before opening the process to everyone. This issue was evident in the last round, as the new exchange did not allow its voters the option to swap. Although rONE voters may be more active and perhaps speculative, they likely do not hold funds in affected wallets (being that they voted with rONE token). However, based on Twitter and forum discussions, these voters are highly engaged. Therefore, it is essential to address their needs.
Recovery One’s Twitter states, “The recovery of depegged assets, and the strengthening of the Harmony ecosystem through community actions.”
We have observed Recovery One functioning as a channel for community-based recovery. While there is still a long way to go on this journey and patience may wane with time, R1 needs to continue to listen to the loud voices and soft voices. Listen to everyone. I would say they have dont a great job with their promotion and support for burning validators and their efforts to involve AAVE in the recovery process.
Lets keep providing feedback to R1!
You’re wrong.
Harmony is burning Gas Fees and whatever they make with the .country stuff.
Hey friend,
I haven’t deleted any messages, I wouldn’t censor comments that aren’t malicious. If there is any doubt of my behavior I encourage the community and other admins to review and do what is right.
I’m a mod here, discord, and telegram.
