# Discussion - Nomad Recovery Plan Announcement 08/17

**URL:** <https://forum.moonwell.fi/t/discussion-nomad-recovery-plan-announcement-08-17/107>\
**Category:** Discussion\
**Tags:** moonbeam\
**Created:** [August 17, 2022, 10:48pm UTC](https://forum.moonwell.fi/t/discussion-nomad-recovery-plan-announcement-08-17/107 "2022-08-17T22:48:42Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![lFeil](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/lfeil/32/57_2.png) [@lFeil](https://forum.moonwell.fi/u/lFeil)\
**Post date:** [August 17, 2022, 10:48pm UTC](https://forum.moonwell.fi/t/discussion-nomad-recovery-plan-announcement-08-17/107/1 "2022-08-17T22:48:42Z")

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Nomad has just announced their recovery plan. I would like to raise discussion around their plan and the Moonwell Community’s response.

[The Road to Recovery. Where we are today | by Nomad | Nomad | Aug, 2022 | Medium](https://medium.com/nomad-xyz-blog/the-road-to-recovery-6abe5eec8ff1)

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**Author:** ![octavius](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/octavius/32/3_2.png) [@octavius](https://forum.moonwell.fi/u/octavius)\
**Post date:** [August 18, 2022, 3:30pm UTC](https://forum.moonwell.fi/t/discussion-nomad-recovery-plan-announcement-08-17/107/2 "2022-08-18T15:30:07Z")

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Nice, glad to see them finally post something resembling a plan.

> Given these considerations and complexities, and the desire from the community for a faster solution, the Nomad team is designing a reboot of the token bridge to distribute recovered funds–regardless of the amount recovered–and allow users to “unbridge” in a fair and orderly way.

I think this is an important signal - sounds like they are planning to honor redemptions back across the bridge, so the \*.mad assets still seem to have _some_ value that’s not $0.

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**Author:** ![ManMaxMove](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/manmaxmove/32/93_2.png) [@ManMaxMove](https://forum.moonwell.fi/u/ManMaxMove)\
**Post date:** [September 8, 2022, 7:06pm UTC](https://forum.moonwell.fi/t/discussion-nomad-recovery-plan-announcement-08-17/107/3 "2022-09-08T19:06:54Z")

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Good luck to them in this difficult task.

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**Author:** ![alexei](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/alexei/32/89_2.png) [@alexei](https://forum.moonwell.fi/u/alexei)\
**Post date:** [September 14, 2022, 9:52am UTC](https://forum.moonwell.fi/t/discussion-nomad-recovery-plan-announcement-08-17/107/4 "2022-09-14T09:52:53Z")

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Also posting here:

We started a discussion about diversifying bridge risk in the Polkadot forum. Comments encouraged!

> **[Synthetic multi-bridge assets to diverisy bridge risk](https://forum.polkadot.network/t/synthetic-multi-bridge-assets-to-diverisy-bridge-risk/360)**
>
> Problem We need to import assets from other ecosystems to grow faster and attract more users. The most relevant one is USD (we have been waiting for too long and need a solution that does not depend on Bitfinex or Circle launching on Substrate). ...