3/2-1 Selfless developers, community governance, trust of decentralization, unavoidable bugs, hacker attacks and defense from white hat hackers constitute the dream ecology of DEFI. It is believed that every user accepts the risks and benefits of DEFI.
1/3 After Cover Protocol was attacked, there has been no serious review, no community governance. It decided compensation plan by itself. Such behaviors have violated the purpose of decentralization.
If the cover team can’t exchange strictly based on the 1:1 rule, the Recover team will hard fork from cover and will support 1:1 exchange between recover and old cover token. We hope to gain support from the cover community and let the power of the community shine again on DEFI !