Luke in action.FTM 👻
@LukeInAction1
Fun things, thoughts, crypto, AI, ML, travel, $M + life. (Not investment advice - do your own research.) $FTM believer.
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05-01-2021 01:56:20
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Luke in action.FTM 👻 Regarding the peg, the Horizon Bridge incident drained 1Assets from the ETH side of the bridge, thus depegged 1Assets. The recovery plan reimburses these depegged 1Assets using Harmony's treasury. We hope this explanation helps to clarify the situation.