Plans for One Immortl

Moving Forward

Approaching a year now since our IDO on Harmony, our core team has decided to fully migrate and integrate with Polygon. Though we have made it clear leaving DEXs on Harmony by bridging to both Polygon and Binance Smart Chain, we will be fully detaching One Immortl from Harmony. This is an essential step to not only further grow the company, but align our values with our future goals and processes. It was a year filled with learning and as we are all aware, a truly rough year for blockchain. Our decision was influenced by a number of reasons, but the most influential being Polygon, along with Polygon Studios, and their continuous support for One Immortl and what we are building.

The Story Behind it All

Harmony, a layer-1 blockchain network using proof-of-stake (PoS) consensus, suffered a hack of $100 million on its Horizon Bridge earlier this year. The bridge facilitated cross-chain transfers of digital assets between Harmony and the Ethereum network, Binance Smart Chain and Bitcoin at a 1:1 ratio. This event spiraled to the depegging of stable coins and all assets on Harmony thus leading to the loss of confidence from investors along with a rapid withdrawal of liquidity. The bridge has since been halted. Luckily, prior to this happening, we had bridged to Binance Smart Chain and Polygon and were able to disperse our…