As described in the Moonwell RFP forum post around bad debt, there are two paths forward to liquidate the Nomad Collateral.
One of these approaches is the standard approach, and the other is defined as the alternative approach.
The community can choose between the following options:
Both options 1 and 2 are beneficial to the overall health of Moonwell's liquidity and we hope to see the community vote for either of these options to restore liquidity to the markets.