The currency circle is really bearish, not about the price, but about the vitality of the industry. It's been a long time since you've felt real excitement The new project is either a narrative to CEX or to VC, what are the projects of the big firm in the past year? MEME projects account for 1/3, intrapreneurship accounts for 1/3, and institutional shipment projects account for 1/3. And this new product next door, first of all, is a DeFi, there is no hierarchical CX, the bottom layer is a stablecoin, and the minting mechanism is similar to DAI, but there is a bullish circular rebate mechanism, which can be done 10 times in 100 days, and the key is really not to use the principal to pay for waves... I would like to call it stablecoin 4.0, if you focus on consumption and transfer scenarios, this mechanism is really unsolvable, if it is 1 to 1 copy to the chain, at least it is a $1 billion TVL + $10 billion FDV stablecoin project.