Recovery ONE: Burn Phase

Eventually the rates will go up. Still just burning through those who will accept 10% and they’re getting through the USDS allocated every month, so no need to up the rate yet.

Is the $1000 per waller per round or total?

What exchanges have USDS liquidity? I’m only seeing some, but not much, on Sushi swap.

Per round, we recommend making an account directly with Stably in order to offramp, otherwise Tranquil should host liquidity for stables soon when they launch v2.

2 Likes

They’re going to have USDS? Any chance it’ll be more price stable than Sushi’s USDS?

1 Like

Bridge was like a bank.

Bank got robbed.

Money is gone.

wen v2 sr? texto en negrita

1 Like

soooooooooooooooo hows the situation with burn?

1 Like

beware of scammer beware of scammers beware of scammers

Don’t be so modest :joy::saluting_face:

Sorry for the silly comment but could use some guidance from the community on what I should do with my 1USDC right now? I saw the website of the Harmony Recovery fund that converts my 1USDC into USDS but not sure if that is the route I am supposed to take OR if I just hold tight for now. Want to make sure I am making the right moves in hopes we get a repeg.

1 Like

USDS at $0.91

Were they exposed to SVB or are people just running on all stables?

1 Like

USDC decided now to aim to peg into Harmony :smiley:

When do you plan to do something for AAVE situation. May i remind that users, long term ONE holders, are now stuck since 10months on AAVE after the hack. Something needs to be done.

In my opinion, and for some reason I will wait until the end, 1:1 no less!.

Of course, that in 4 years without any additional benefit than “to recover all of your funds.”

In my opinion, the team should have taken over the event with the treasury, protected the users and not thrown them into endless waiting with little to no communication from the team.

1 Like

There are no plans to do anything about it.

I sold now all my USDC and put it in a extra wallet for BTC/ETH. Lets see who is winning this game in 4 years. But I lost any trust here…
Anyway: If someone believe they will pay the 1:1 in 4 years then you should invest now! Most probably even in depeged ETH or BTC, so you get on top a 10x boost there;)

2 Likes

hey, you don’t seem to understand how all this works?

There is a screenshot of the 1assets from the day before the hack. The 1assets don’t move in price from that screenshot. Not 1BTC, not 1ETH, nor any other 1asset. So no boost.

I am glad you got out, normies shouldn’t do Crypto anyway.

I dont think screenshot matters at all.

Recovery Update: Tranquil Finance received $20k from Harmony for liquidation purposes via Loeb’s message on Defira Discord yesterday, the liquidations will be taking place on 3/17

It seems that they provide less and less for recovery?

Is there actually a chance to simply create website for any latest recovery info? So far its all scattered, unless its deliberate planned this way?

1 Like

There is a vote on the proposal, go to AAVE to check it out and vote if you can.
Link:

https://snapshot.org/#/aave.eth/proposal/0xf9706ff43ce8e3d3c887e98e6e2b59fdce7d9dc371245464e91f8b03df210e0a

1 Like

Recovery One Update:

We are sad to announce that Michael Otis and Logan Pederson (VillainPioneer) are leaving Recovery One to pursue other interests. We are grateful for their contributions to the #R1, the #Harmony recovery process without them, we wouldn’t have been able to represent and serve the Harmony community during the early stages of the recovery process and wish them the best in their future endeavors.

Respectfully Michael will focus on expanding http://Fuzz.Fi to new blockchains and pursuing other interests. Logan will focus on expanding MtopSwap to new blockchains and other Web3 projects. We are grateful for their contributions to the #R1, and the #Harmony recovery process and wish them the best in their future endeavors. We will continue to support their efforts!

1 Like