I believe Cardano can turn around for the better. All it really needs is one killer app, built on Bitcoin. That's what Alchemy, powered by @CharmsDev and @SundialProtocol, is meant to be - and why we're making a Cardano treasury proposal to bootstrap the project. This is the *first* blockchain-native take on Strategy's Bitcoin Treasury model: the one that produced the MSTR and STRC equities that are the biggest stories in crypto today. You must understand the demand. MSTR is worth $42 billion, and trades $2.6B per day. STRC is worth $10.4 billion and trades $386 million per day at just 11 months old! Strategy has discovered Bitcoin's killer financial product, and yet *nobody* has created the transparent, always-on, and permissionless version. That is our opportunity. Cardano can finally be the first to bring this killer app to DeFi, attracting an unprecedented wave of TVL and demand to its ecosystem and projects within the year. Want proof? Adjacent products - tokenized STRC-backed stablecoins (Apyx, Saturn) - have already drawn over $750m in TVL on other chains, and have only been live for under 5 months. Meanwhile, the vast majority of these assets are trading in adjacent DeFi products like Pendl and Morpho, and are the dominant assets on those protocols, proving how they bring insane activity to the surrounding ecosystem. When you have the right product, adoption can happen almost overnight. A new wave of opportunity in DeFi is emerging - "digital credit" - and Cardano must not miss it again. We welcome all DReps to provide feedback on our proposal before we submit it on-chain. Anyone who has questions about Alchemy, do not hesitate to ask me!