LDA Capital Facility is still the best outcome to make users whole and quickly bounce Onyx back to chase up this bullrun.
Looking at other projects that have even more significant sell pressure, such as SOL (selling by FTX), they are nevertheless moving upwards due to the bullrun characteristics. This implies that XCN will most likely be able to withstand the pressure and continue to rise.
With users being able to be recovered fully there is way more upside for people as it is then a fully operational protocol. With it fully working, more new users and individuals will come to Onyx with great confidence moving past the hack.
This ensures user are whole, the protocol can work again in confidence and and that XCN can run up alongside the broader market bullrun.
There have been situations where protocols, like Qubit Finance, who were unable to recover swiftly, causing the protocol to fall apart. As a result, a speedy recovery is critical.
Question is which option is best for xcn holders, as both options should reimburse the depositers. I would like more info on this to make a decision about it.
Let me further clarify on why the LDA Capital Facility would be BEST for XCN holders.
The value of cryptocurrencies is heavily dependant on perception, such as Bitcoin’s value or if USDT is genuinely worth $1 due to questionable audits, however these are topics beyond the scope of this. Consequently, several cryptocurrencies hinge their value on user’s perception.
As a result, Onyx’s perception would be fantastic if it could assist its users to be whole and rapidly bounce back and move away from the hack. With a fully operating protocol, a good team behind it, and improved confidence in Onyx, the perception would be excellent, allowing for a far larger upside potential for XCN holders riding the larger bullrun.