Hello,
Where is the “Initial Exit Redemption” that was planned in the paper we voted for?
There was a dedicated 50% parity exit solution limited to 1000$ for small holders like me?
There should be a solution for real initial victims at hack date (use a snapshot).
Not only an incitivized laundry system that only profits to vultures and other optimizer bots…
I moved to Harmony because I was not able to pay for high Ethereum fees and now I have lost all the small money I had 
1BUSD - as we should care about binance side of things. even if on eth. BUSD from bsc should follow
cocojazztv, Harmony decided to go a different route on recovery. They choose a zero-minting strategy and targeted 100% reimbursement and 100% participation over a 4 year period. The community proposal helped influence harmony to use its treasury and not mint new tokens. However, the recovery will take time.
We are into Month 2 of recovery and Recovery One (r1.fuzz.fi) exchange rates are 11% and 12% for 1USDC. We have 46 more weeks to go.
You can also visit our other Recovery and Burn partner Modulo at (www.burner.modulo.so) and look into what Tranquil Finance is doing
Thank you for your patience and it’s good to be on the other end of recovery now. Slow and steady!
Hello ,
if i have 1usdc in harmony , what is the best way to get it out from harmony ?
First what type of 1USDC. New or old? Old, there are a few recovery and burn partners that can help; tranquil is purchasing 1Assets from DEXs, modulo has a swap feature and Recovery One has an exchange.
Support Ticket Service
Recovery One will continue to communicate the recovery timeline, and build out the Recovery Exchange, and we would like to assist with supporting the Recovery and Burn plan in another facet, support. If you have a problem or issue please submit a Support Ticket at http://recoveryone.community.
The R1 team will get involved & help where we can.
Thank you for your patience and understanding.
FuzzFinance, ONE of the original dApps on Harmony, continues to innovate and build. Today they launched StableSwap to add more utility to $USDS & the ecosystem. Looking to swap $USDS & want quick settlement, bypass KYC & access stable liquidity visit http://fuzz.fi/StableSwap
When R1 can support for all user blocked on AAVE ?
xhungx, Aave and Harmony need to work this one out at some time during the 4-year recovery plan. Recovery One can talk to both parties but they have to come to an agreement.
@mbarret3 Thanks for your answer, i hope u can raise this issue to both parties soon, because this issue is the part of recovery ONE
I’m confused on what to do with my 1usdc? Am i supposed to burn all of it for 10% into USDS? how do i Get rOne, and how do I stake it?
So for 4 years, users with locked ONE in AAVE will have no rights to vote on anything, correct?
Can harmony make OFFICIAL statement - information on their website, twitter etc, to avoid any confusion, they are still shit about keeping community informed. Nothing changed…
Harmony doesn’t want to talk about this because this is inconvenient. They prefer to talk about new positive future and changing the world for better etc.
Jacob- You can exchange your 1USDC now via burner.modulo.so or r1.fuzz.fi or exchange it in the future at a higher rate. The community proposal did not go into effect as Harmony choose a different strategy. rONE was only used for voting. For those that have rONE you can keep it staked or unstake your 1assets whenever you want to.
unarge4, there are no more votes with rONE as the community proposal did not go into effect. At some point during the recovery Harmony and Aave will have to come together. Harmony’s plan targets 100% participation and that would include 1assets on Aave and other defi platforms. We think it’s going to take some time for Aave and harmony to work this one out.
Dayuum, you are seeing information about the recovery and building going on in the ecosystem via https://twitter.com/lijiang2087 and https://twitter.com/stse. The recovery and burn partners (Tranquil, Modulo, and Recovery One) have been communicating their progress and are building utility for USDS, exchanging 1assets, and collaborating with the community to strengthen the ecosystem. All of this takes time, hours, energy, and creativity and we are committed to seeing this recovery through!
We all know this, but the macro environment is not the strongest and the crypto winter became a never-ending crypto blizzard, which is freezing many plans and forcing protocols to make tougher choices.
One thing I can say for sure is that harmony devs. and the team involved with rONE are not neglecting the issue. The situation is highly complex and it will take time to cure the affected one’s. However the progress of the chain must continue the building must not stop because that is the best for all! Can not rush progress!
I can tell you that there is advanced discussion about this problem and idea how to unlock the funds and reimburse the victims. Part of the idea is AAVE team reaching out to Harmony with the proposal to co-fund the bailout.
Perhaps no one here knows about this and especially no one who is associated with Harmony Team. So I’m just informing you that probably the group of people who wants to resolve the problem and are all AAVE users will reach to Harmony soon.
The initiative is carried out by the AAVE users and the discussion is on AAVE governance forum.
RecoveryOne is excited to announce a new collaboration with @SatoHardware. A new hardware wallet coming to Harmony.
We support Sato’s mission to accelerate the adoption of non-custodial products. Their solution for self-custody while making Web3 more secure, accessible & enjoyable will spark new innovation.
The @SatoHardware team is targeting a Q1 Kickstarter launch for the Hardware Wallet.
A summary of Round 2 can be found here: Harmony Blockchain Recovery. Summary of Funding Round 2 | by Villainvalidator | Nov, 2022 | Medium
“We are excited to be collaborating with Recovery One on Satō […] Said Quoc Le, founder of Satō Hardware.”
The same Quoc who is part of steering committee of r1 foundation, “harmony contributor”? Conflict of interest much? Lmao