Harmony Updates Horizon Bridge Asset Recovery Plan, Proposing Not Minting More $ONE

Harmony announced the updates of its Horizon bridge asset recovery proposal, proposing not minting more $ONE nor changing its tokenomics with a hard fork of the protocol. Instead, it proposes deploying the treasury towards both recovery and development of Harmony.

Previously, Harmony released a proposal regarding the recovery of Horizon bridge, which planned a hard fork of Harmony to increase the supply of $ONE. The proposal was withdrawn due to negative reaction from the community.