Harmony Horizon bridge exploit. Consequences to Aave V3 Harmony

Is there any time frame that we can anticipate on getting access to our aWONE tokens to convert them to ONE? Right now, those aWONE tokens are not earning anything, they are just sitting idle. I’m in favor of the resolution here over a time based one, as it is the most efficient way to get to our desired liquidity state.

It will be liquidity injection to let you withdraw your ONE if you wish so as previously explained by bgdlabs. This is the best option.

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What if the outlook is bad, chances of the success are slim and it is likely that Harmony won’t succeed? Are we going to watch our assets locked in AAVE slowly going to zero without any chance to recover part of the value?

I see that AAVE could resolve the issue with only about 2 days worth of fees it is earning.

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Ask the community and make a proposal for a voting. But I can guess it won’t go through.

Of course it won’t go through. It is like you asking me to give you $1,000 because someone else has scammed you. Why would I do it?

The only reason to do it is to be able do disable Harmony from AAVE UI and get rid of all annoying people who are asking constantly when are they going to be able to withdraw, sell and move on with their lives. So 2 days of AAVE fees could buy AAVE this peace of mind.

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There may be hope from the Harmony team which decided to use their Treasury to recover the lost fund?

There is a vote happening now. Guess who is excluded from voting and disenfranchised?

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Finally some movement on this front. I believe that ONE depositors should have priority on getting their funds back, as we can’t withdraw solely because of AAVE’s oracle believing depegged assets still had their full value.

Hi all,

Just wanted to issue and update that although R1 has had massive support from the community thus far, the Harmony team has decided to shift the method in which recovery happens in order to avoid minting and to utilize the treasury over time. This is good news, but it will cause a minor delay as those details are shared with the community in the coming days.

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I look forward to seeing the details with proposed dates of execution.

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So what are the next steps? Thank you

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