The team behind the blockchain project Harmony has unveiled a new plan to compensate victims of the $100M hack of the cross-chain bridge Horizon.
The original plan was to conduct a hard fork and issue the required amount of native ONE tokens within three years. The decision provided for two options for additional emission: 2.4 billion ONE as compensation for 50% of the damage and 4.97 billion ONE for 100%.
However, the users almost unanimously opposed the plan due to the potential inflationary effect. Harmony has said they listened to the validators and the community, abandoning the idea of an additional emission.
The project devs have said:
“We propose not to issue more ONE tokens and not change our tokenomics with a protocol hard fork. Instead, we propose to use Treasury funds for both reparation damages and development.”
