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Tough period for Fluid, but the path forward is clear. 1. All users will be made whole on the Resolv and KelpDAO hack losses. 2.Cost cuts to fund recovery: • FLUID incentives reduced or removed • Buybacks paused • Monthly foundation grant paused for 4 months ($250K/month) 3. Risk infrastructure improvements: • Enhanced oracle system • Legal agreements with asset issuers to create enforceable claims on underlying assets 4. Upcoming product launches: • DEX V2 • Solana DEX (6 weeks out) • Liquidity as a Service • Fixed Rate Borrowing • Institutional Onboarding • Custodied Collateral Great decisions in my opinion, excited to see how the team execute in the new product lines.

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