ONE Year in Review

Introduction

The Recovery Multisig Custodians (RMC) play a crucial role in the Harmony ecosystem, overseeing the recovery process for depegged assets. As we approach the upcoming elections, it's time to reflect on the RMC's first year of operation and highlight their significant achievements.

Meet the RMC

The current RMC members, elected by the community in August 2023, are:

1. PeaceLoveHarmony
2. Tr4ck3r
3. TenaciousDeFi
4. TEC Viva
5. Affinity Shard
6. Nick V
7. Hank The Crank

Each member brings unique skills and perspectives to the team, ensuring a diverse and capable group of custodians.

Key Achievements

HIP-30v2 Implementation

• The RMC successfully implemented the HIP-30v2 Hard Fork in November 2023.
• This milestone marked the beginning of structured asset recovery efforts.

Depegged Asset Burns

• At the time of the RMC's formation, approximately $14 million worth of depegged assets had been burned.