Yes, I agree. However I do not see any path for the resolution and now I see that the group of users like me is completely disenfranchised without voice!
How can victims vote about the solution when people who don’t even have any access to depreciated assets can’t vote? Isn’t that obvious that AAVE should be treated with the priority to UNLOCK assets first?
Is this the result of your communication with celer?
@Pioneer
What exactly do we, the biggest victims of liquidity provision, do with this problem?
appeal to Celer team for them to escalate to the harmony core team with a greater degree of intensity. The decision to pay down lender debts is their sole task.
You celer team is also responsible, don’t think of all the push to haromny, the introduction of insecure chain is your doing. After a major loss, you don’t actively communicate with the lp provider, just a useless announcement, I think you are not better than harmony community members.
For the people who didn’t know yet. There is an easy way to stake unpegged assets through https://r1.fuzz.fi/
if you were not stuck in an LP.
Lopis, that is correct.
First, the Recovery One team is happy to welcome onboard its newest Steering team member Michael Otis of fuzz.fi. You may already know this but Michael is a Husband, Father, Iowa State Alum, Sports Enthusiast, Tech Entrepreneur, Free Speech Proponent, Blockchain Developer, and Founder / Lead Developer.
Second, Easy staking 1Assets is live @ https://r1.fuzz.fi Stake your depegged 1Assets to vote w/ rONE. ($1,637,386, 1Assets staked so far). Note: You can unstake at any time and receive your depegged asset.
Please visit https://r1.fuzz.fi to stake your depegged 1Assets to vote w/ rONE and seek the greatest reimbursement.
I’m sorry but being father and husband is something that is important in this situation?
Please specify what R1 “Governance” is going to do with 2.5% of the 2.5 billion minted ONE coins.
Please specify what R1 “Committee (Gnosis)” is going to do with 2.5% of the 2.5 billion minted ONE coins.
Will you affirm that community rONE holders must first approve each use of funds from the combined 5% of the 2.5 billion minted ONE coins, and that R1 “Governance” and “Committee” will not have carte blanche?
Can you walk through what we will be voting on?
Is it not of concern that anyone can buy these assets for the purpose of this vote so its not necessarily those who were affected and could be the same traders seeking to profit off the “30% repeg” strategy? Should we really cede total authority to 2.5B in ONE and the entire recovery process to this if 50% voting power is able to be taken over by approximately $80,000-$100,000 as far as voting goes assuming the amounts stay the same about $1.6m-2m in full parity value assets staked.
Explorer outdated? Per what is probably an explorer mistake, there does only appear to only be 17 holders (13 if you do not include LP tokens or the rONE contract) on the blockchain explorer. And this one holder is holding 8.9M rONE tokens (around 96% of the circulating supply displayed on explorer, which is also apparently not correct circulation supply). The remaining holders only represent 4% of the supply.
Harmony Mainnet address details for 0x0ce905922e4310300006513d2462737b281530bf | Blockscout. This wallet is connected to one of those pesky arbitraging bots (the 1Assets were recently sent from a contract which is swapping arbitrage in 1assets and there’s no indication it was actually hacked). It received the 1Assets from recently before obtaining this massive stack. Harmony Mainnet address details for 0x3ea9b0ab55f34fb188824ee288ceaefc63cf908e | Blockscout
Can you provide an example of a user holding $1,000 of 1USDC for early redemption and redemption after 1 month in pure ONE terms with price assumption included? What will happen to locked ONE in this case, rONE and ONE redeemed.
Can you elaborate on how at time of writing the total supply on Harmony Explorer of the token is 78,175,775 but the circulating supply is 9,207,401. Does this mean almost 70M tokens have already been burned by unstaking or are these being held somewhere?
rONE supply: Harmony Mainnet address details for 0x9De4d1267a1075E994ddc8d6bC31b9056B9b4133 | Blockscout
Thank you for your questions.
TrickLuhDaKidz,
All grants will be voted on by rONE holders. Any plan, including supplemental plans, need to get approval through rONE voting. Yes, rONE holders must first approve the use of funds.
babakajone,
Your questions really sent me researching to see if your statement was true.
We will start to release details on unique wallet addresses too. Thank you.
Please visit https://r1.fuzz.fi to stake your depegged 1Assets to vote w/ rONE and seek the greatest reimbursement.
Thank you, I will keep an eye on this for the explorer to update and look forward to any analytics that can be made by Michael that provide accurate holders, circulating supply, etc.
The wider the dispersion, the more fair the rONE vote will be even though of course there will be whales and of course there will be the arbitrage bots which have significant holdings.
That one contract deployed at 0x3ea9B0ab55F34Fb188824Ee288CeaEfC63cf908e conducted 1Asset arbitrage since June and have well over $1m in 1Assets, most to seem to be gained from profits swapping between 1USDT, 1USDC, and 1DAI. Almost all the transactions are a swap transaction manually to calculate the arbitrages. There’s no funding transactions before August on this contract or swaps before June 27th (3 days after the hack on the 24th?) on the explorer at least. So yes, it does appear true anyone can participate in the vote (and get more profits on their arb trades) even if they were not in the “affected wallet” snapshot or affected by the hack. Even with 80M outstanding, this is approximately 10% of the vote? It also could divert millions in profits given the size of the stack accumulated.
I will say that after a few bumps for launching, the front-end staking is much, much easier and I am happy to stake and vote. It does provide a nice dashboard of what’s out there and who is actively involved in this so glad to see Michael Otis joined.
A good estimate of what we are dealing with in terms of active amounts of depegged assets paying attention at least. No, its not perfect but overall, handling it fairly well what is an extremely difficult situation with very few, if any, other viable options.
The ability to stake and unstake demonstrated was a big step forward.
Must have held depegged assets on snapshot date of 06/23/2022
… I feel this is the only flaw in the plan. Why not let whales or new people soak up depeg assest and recover faster? Some people have moved on and taken the loss… the nature of locking depeg assets in multiple contracts can get confusing if not tracked correctly. I feel this limits who’s going to participate and not let the momentum snowball… just thinking out loud… been in crypto since 2016 and have been in many hacks and rugs, unfortunately
… I’ve learned 
You are confirming that all of the 5% must be voted on and approved via rONE governance prior to being used/spent? Both the 2.5% “Governance” and the 2.5% “Committee” portions?
This is to include the “grants and (supplemental) plans” you mentioned, plus compensation to R1 team members, all spending decisions made in “Phase 2”, as well as any/all other potential uses that haven’t been explicitly stated herein?
Great work!
What is the next step for aave? Do you have any timeframe for liquidity injection there?
We have contacted Harmony team and specifically Li Jiang and Stephen Tse multiple times on this issue. We have received no replies. This is not lender related but a bridge liquidity pool, so there is no “lender debt”. We are always open to communicate and explain what’s needed to be done in the redemption contracts’s address whitelist to make sure all Celer LPs are eligible for the Initial Redemption.
Can anyone take 1asset right now? Or only those affected by the hack can stake? After the hack, I transferred all my stables from the bridge to another network. Can I buy usdc now and stake?
Yes, anyone can obtain the affected assets listed on the site and stake them at this time to get rONE.
Keep up the good work. I staked & now have rONE to vote. Please get us a good deal.
Dear R1 team,
I am well aware of the difficulty to be heard by the Harmony management team and S. TSE but without any official statement from this one on its Twitter account, before Friday, confirming to support your proposal or at least officially urging the holders of 1Assets to participate in the vote, I will propose to my group to destake their rONE (already counting for a very significant part of the 2,70M$ provided).
You may understand that no sound, no image, no statement of S. TSE or any core team representative on your initiative is not likely to reassure us on the validity of your approach and your token.
Good morning,
Yes, Michael Otis is smart, talented, and an ethical guy. A strong addition to R1. We look forward to your vote.
MaewouOne, our token is a Governance token. We are representing depegged assets and the Harmony ecosystem through a community-governed action. We think it is better to work together through positive actions toward community solutions. However, it is your choice how you want your voice to be heard. Thank you for staking 1Assets with Recovery One Foundation.
Please visit https://r1.fuzz.fi to stake your depegged 1Assets to vote w/ rONE and seek the greatest reimbursement.