What happened
Harmony outlined a plan to migrate ONE to Ethereum but warned that applications and liquidity pools will not migrate.
Why it matters
If implemented, users will need to separately consider the fate of ONE and the infrastructure in which it is used; currently, available information relies on a single meta-synopsis.
Harmony has proposed winding down its network operations and migrating the ONE token to Ethereum. According to the published plan description, token issuance after the final block is intended to be directed toward an AI video creation business.
Users were advised to withdraw assets from smart contracts by 10 September, as on-chain applications and liquidity pools will not be migrated. The plan also includes freezing the state of ONE at the final block.
For holders and application users, this implies a need to account for the divergence between the migration of the asset itself and the lack of migration for applications and liquidity. The source is an independent report by The Defiant containing metadata and a brief synopsis, rather than confirmation from a primary Harmony statement.
Confirmed facts
- The Defiant reported on Harmony's proposal to cease network operations and move ONE to Ethereum.
- The plan involves freezing the state of ONE at the final block.
- According to the plan description, issuance is intended to be directed toward a business related to video and AI.
- Harmony urged users to exit smart contracts before 10 September.
- On-chain applications and liquidity pools will not be transferred.
- Available confirmation is presented as a metadata-only synopsis by The Defiant; the primary source is absent from the package.
Context
The Defiant's material was published on 8 September 2026; the package contains only metadata and a synopsis, without the full text or a primary statement from Harmony.
What remains unknown
- Has the Harmony proposal been approved and who makes the final decision?
- How exactly will the freezing of the ONE state and its transfer to Ethereum be executed?
- What will happen to user assets in applications and liquidity pools after 10 September?
- Which specific AI video creation business will receive future issuance?
- Will primary documents or an official Harmony statement be published?
Editorial context
Confidence: medium
A likely consequence is the divergence of the token's fate from that of the application infrastructure: moving ONE will not automatically preserve previous markets and services. The nearest observable signal is an official decision by Harmony and instructions regarding the final block and migration. Significant uncertainty remains due to the absence of the original statement and implementation details in the package.