I agree. Nothing has moved so far for aave users with locked assets since more than four monthes. A solution has to be be found, it cant stay like that for ever.
A possible bailout would represent around a day or two of aave fees and makes a very good advertisement on aave caring for its users in case of issues, and for very cheap.
Well, like @G-Blockchain already said, you have to create a proposal not just a comment in this thread. You have to get the people discuss about your proposal and then gather the needed voting power in order to execute a snashot vote.
From your summary above I gather that you want to ask for funds from the treasury to allow lenders to withdraw their funds from the Harmony market. If you can reason why the long term benefit to Aave outweighs the cost I’m sure people will get behind it.
First you’ll need an estimate of the cost, and ideally some metrics of affected users. Without that it is impossible to make this decision and any vote will fail.
Hey @craiglr.eth - what if I would confess: I just want my money back. I don’t see any benefits of me wanting my money back to AAVE stakeholders / voters except one: after I get my money back you won’t have to see me again here.
I would say that my wants, while also self serving, at the same time align with AAVEs goals of growing and progressing, benefiting its users with a powerful financial lending tool. Helping us would prove to your user base that AAVE can be trusted to keep its users money safe even with a decentralized governance system that can be difficult to navigate. Blockchains, web3 and crypto in general will never be foolproof or hackproof, but by helping your users you will be generating provable trust and security.
Even if Harmony fails to recover, which is seems to be on track to do. Hiring new engineers and buying back depreciated assets. Having a lending platform that isnt stuck in state of perpetual limbo would be an asset to AAVE rather than a liability assuming its reimplemented with a proof of reserves model to insure this type of situation cant ever be repeated.
The cost to do this while great to the stuck lenders on Harmony who chose to trust in AAVE, would be negligible to AAVE and its users and holders on other chains.
To be fully transparent I just want my coin back so I can restake/relend and generate better than the current 3 percent apr.
Hopefully you benevolent folks choose to go that route and not let AAVE Harmony continue to stagnate and corrode and remain the hulking eyesore that proves the fallibility and instability of decentralized lending.
I wonder if it’s even possible to liquidate a negative debt? And why are those LINK APY still running? those three wallets with negative debt who bridged out will probably never pay back and if a negative debt can not liquidated