# Recovery One Foundation **URL:** \ **Category:** Governance\ **Created:** [September 13, 2022, 2:33am UTC](https://talk.harmony.one/t/recovery-one-foundation/21455 "2022-09-13T02:33:38Z")\ **Posts on this page:** 1\ **Showing post:** 45
**Author:** ![babakajone](https://avatars.discourse-cdn.com/v4/letter/b/e68b1a/32.png) [@babakajone](https://talk.harmony.one/u/babakajone)\ **Post date:** [September 18, 2022, 10:56am UTC](https://talk.harmony.one/t/recovery-one-foundation/21455/45 "2022-09-18T10:56:51Z")
> [@GoodTimesBrad](#): > > Why are they assuming the value of ONE is 0.0264? This was one of the misleading aspects I discovered. It was so they could call it 66% parity when it amounted to no more ONE than Stephen’s. 50% parity value if ONE is $0.02 is the same amount of ONE as 66% parity value if ONE is $0.0264. > [@Recovery One - Community governance for depegged tokens](https://talk.harmony.one/t/recovery-one-community-governance-for-depegged-tokens/21104/344): > > **Stephens:** User who lost $1,000 receives $500 worth of ONE **paid monthly for 3 years** , at $0.02 which is **25,000 ONE.** > > **rONE:** User who lost $1,000 receives $660 worth of ONE **at the end** of three years at $0.0264 which is also **25,000 ONE locked.** > [@4MCrypto](#): > > Has it ever come to your mind that “they” might be providing all that liquidity themselves? No because they asked for it in the tranquil grant from Harmony. It was coming out of the Treasury or inflation funds. > [@4MCrypto](#): > > As long as they will burn the rONE and liquidity afterwards, there is no loss that you mentioned. You are confused. I am saying leakage that will go to unaffected wallets who were not hacked but can buy depegged assets, mint rONE and then swap for ONE in the liquidity pool taking away value from hack victims. These same traders can buy rONE at a discount after a price shock and redeem it for 33% (unless this is also subject to the snapshot)? If there are these kinds of holes in the plan, the exit liquidity will not be enough. Then we are stuck and there is no redemption unless more liquidity is pumped in but the same flaws exist. > [@4MCrypto](#): > > You have 0 data backing this up. I am asking them to confirm that this is correct or incorrect. If they can’t confirm it, then why would I assume its incorrect? > [@4MCrypto](#): > > 3 MIl (or the 2.4) treasury provided by h1 $3M is probably not going to be enough. If you add in the fact that again, unaffected wallets can buy rONE if the price does drop due to arbitrage and then redeem it for 33% after the first window, this $3M will again leak some to unaffected wallets and run out. What happens then if there is not enough exit liquidity? > [@4MCrypto](#): > > (that was uniformly shot down by community outcry) Until Recovery One put out the same exact inflation that was decried. > [@4MCrypto](#): > > PLUS it doesn’t kill the h1 ecosystem treasury right away (something that your and maewous ideas all propose) I have never once suggested more from the Treasury - just the same amount Recovery One was asking for. > [@4MCrypto](#): > > should be able to buy into the repeg proposal (and redeem the parity value (even if its 10% you are currently winning buying up stables and waiting to launch of rONE…) Sure, but that doesn’t make it the best reimbursement proposal. > [@4MCrypto](#): > > cant provide any numbers yourself (as recoveryone actually did already) besides blatant assumptions with 0 verifiable numbers Its not my job to provide the numbers for them. They ignore it so what assumption should I use? > [@4MCrypto](#): > > Tranquil Finance is one of the native protocols in our ecosystem, why are you hating on them so much? Seems like youre not up to speed/up to date about the debt hole that is currently present at tranquil. that MIGHT be a good assumption on why they’re actually included in the proposal. I am not hating on them, just don’t see why they needed to turn this into their grant application. They were going to get all the supplier debt wiped out under Stephen’s proposal. Why do they need $1m for their own development on top of it? --- _[View the full topic](https://talk.harmony.one/t/recovery-one-foundation/21455)._