You don’t think its warranted to consider that since 30% of the compensation is paid in rONE to factor in the massive hole here to this plan affecting the rONE price that can net non-affected wallets a profit at the expense of early rONE minters with no other option but to redeem? Why would Harmony use their treasury for that. Its irresponsible.
What are they supposed to do if they mint early before the liquidity is balanced out? Assuming the rONE minting contract will base each users token amount when minting on the rONE price in the liquidity pool. If a user who lost $1,000 mints rONE before the arbitrage and receives “$300” in rONE at $0.01 they would receive 30,000 rONE and it subsequently drops in this liquidity pool to $0.005 they only actually now have $150 in USD purchase power. And they can’t get out other than realizing this loss furthering the downward price spiral by swapping out of it or redeem (death spiral). Add rage quitters into this and it could get ugly. If they try to get out through redemption its another massive haircut. So they can stake for 15% (paid in rONE) and that will not even return them to the original “30% USD parity value” in the entire 3 years. $150 with 15% compound interest annually compounded daily is $235 in 3 years if rONE price maintains the $0.005 price.
If they lost $1,000 and mint rONE when the price is $0.005, this users gets 60,000 rONE and could end up way better off than minting before a price drop. It adds another element of potential losses/gains for certain people based on the rONE price so its a direct catalyst here and the most important factor in determining maximum compensation.
People are going to lose money based on when they mint due to this so its a serious consideration here. Its the only actual compensation anyone will receive up-front. Of course all the others like the partnerships, governance, will get millions upfront but the victims only get rONE with low liquidity subject to a 30% repeg trade and depending on when they mint around a price shock will depend on how much buying power they actually got.
Unless the amount of rONE tokens a given user would receive at time of minting will not be based on its liquidity pool price?
My only goal is the maximum compensation for those who woke up to losing everything.