Thank you for getting AAVE, wish I could do it but my bags aren’t heavy enough ':D
I think we need a proposal something like so:
AAVE on Harmony Recovery Plan
AAVE protocol is to spend all of Harmony’s rOne distributions and 50% of all AAVE treasury profits coming in to buy and replace collateral put in by AAVE users into AAVE on Harmony. (mostly ONE token and any other assets that were not depegged). Once collateral is fully replaced, AAVE is to liquidate bad debt and to turn on withdrawals for lenders. Lenders will now be able to withdraw all of their ONE (and any other assets stuck). After some period of time to allow for withdrawal only (1 month sounds sufficient), AAVE can reactivate full functionality (lending and borrowing), and AAVE on Harmony will be revived.
Any feedback folks? Am I missing anything important?