# ARC: Harmony Recovery

**URL:** <https://governance.aave.com/t/arc-harmony-recovery/10468>\
**Category:** Governance\
**Created:** [October 31, 2022, 7:37am UTC](https://governance.aave.com/t/arc-harmony-recovery/10468 "2022-10-31T07:37:19Z")\
**Posts on this page:** 1\
**Showing post:** 180

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**Author:** ![mbarret3](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/mbarret3/32/3470_2.png) [@mbarret3](https://governance.aave.com/u/mbarret3)\
**Post date:** [May 22, 2023, 11:55pm UTC](https://governance.aave.com/t/arc-harmony-recovery/10468/180 "2023-05-22T23:55:33Z")

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Here is a more detailed explanation:

- **Harmony could contribute 10% of the necessary funds for this recovery effort.** This means that Harmony would provide 10% of the total amount of money needed to reimburse users who lost funds in the hack, the reimbursement rate would start at 10% at the decaying oracle implementation.

- **Aave could match this with another 10%.** This means that Aave would provide another 10% of the total amount of money needed to reimburse users who lost funds in the hack, the reimbursement rate would start at 10% at the decaying oracle implementation.

- **This would enable affected users to recoup 20% of the pre-hack amount.** This means that users who lost funds in the hack would be able to get back 20% of the amount of money they had before the hack, the reimbursement rate would start at 10% at the decaying oracle implementation.

In total, this proposal would mean that users who lost funds in the hack would be able to get back 20% of the amount of money they had before the hack at the start of the decaying oracle implementation.

**Any remaining “bad debt” would be evenly split between Harmony and Aave.** This means that any “bad debt” that remains on Aave after the decaying oracle mechanism would be split evenly between Harmony and Aave. (It is tough to get 100% participation. It is a goal, but also an ideal).

I think Aave can find ways to get close to 100% participation.

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_[View the full topic](https://governance.aave.com/t/arc-harmony-recovery/10468)._
