It seems like you’ve provided a guide on the relaunch of the Nomad Token Bridge, outlining the steps and processes involved. Here’s a summary of the key points:
Part 1: A Summary of Protocol Updates:
- The Nomad protocol was upgraded to fix a vulnerability that led to the hack of the Nomad Token Bridge.
- The upgrade allows users to bridge back madAssets and access a pro-rata share of recovered funds.
- The protocol changes ensure users can access funds more fairly and competently.
- A full audit of the smart contracts was completed to ensure security.
Part 2: The Process for Bridging Back:
- There will be a three-step process for impacted users to bridge back their assets.
- Step 1: Users must complete KYC/AML verification and link their wallet address to their Coinlist account.
- Step 2: After successful completion of Step 1, users can bridge back madAssets to Ethereum and receive a unique NFT.
- Step 3: Users can use the NFT to access a pro-rata share of the recovered funds.
- Users will retain ownership of their NFTs for future fund recoveries.
Pro-Rata Asset Shares:
- The amount of recovered assets accessible by users is determined based on pro-rata shares of recovered funds.
- Example: If 10% of the total exploited ETH has been recovered, and a user has an NFT accounting for 20 ETH, they can access 2 ETH.
- Pro-rata shares will be calculated similarly for other canonical tokens.
Part 3: Bridge Operation Plan Going Forward:
- The only impacted chain was Ethereum; users with assets on non-Ethereum chains only need to complete KYC.
- Users can start the KYC verification process now, and it may take 1–7 days for individuals and 1–3 weeks for entities.
- Any funds recovered after launch will be made available pro-rata based on the outlined process.
- No new canonical tokens can be bridged in the Nomad Token Bridge at this time.
The guide emphasizes the importance of the security upgrade, the KYC process, and the fair distribution of recovered funds to impacted users. It also appreciates the community and partners for their support throughout the recovery process.
