Nono mentioned that first of all, he would like to thank Fengmi, so let's briefly review Lighter In February and March, we held two meetings with the Lighter team and found this product very interesting. We only talked about the product throughout the meeting and did not discuss anything else. In addition, we conducted research on Lighter and found that a16z and LS had invested in it, but it was non-public information. At the same time, the Lighter product experience was very good, and as an auxiliary target for Aster promotion at that time, it was very suitable. In addition to the transaction, some LLP was provided at that time, with a TVL of approximately 3 million and an APY of around 45%, which later skyrocketed to over 60%. This LLP had restrictions on a single account, and at that time, 1/4 of the deposit could be used to deposit the LLP. After infiltrating the community, I found that there were very few early members, but there were also some early members of HYPE who moved in. At that time, the points were very easy to earn. I remember that a small account could earn more than 100 points a week by doing it casually. There is actually no one size fits all pattern for the position of a player, just holding positions, opening amount, number of times, holding time, profit and loss data, etc. It varies every week, but the core remains the same. In other words, it is real trading. However, there is actually a lot of room for operation here, such as cross platform and cross currency trading. Both single number and multi number sets are acceptable. I am an assistant aster myself and occasionally have subjective trading, but I will leave some sesame orders and LLP for each number for long-term trading. Simultaneously, different computers are configured for physical isolation. Of course, it is still essentially a genuine warehouse receipt. I have previously mentioned that the only thing I missed out on in the 24 year Big Hair project was HYPE, but the emergence of the on chain PERP actually had a huge impact on the exchange. Later, at the end of 24 and the beginning of 25, I discovered and invested in Aster. The logic at that time was that Ethena's huge success would lead to the emergence of revenue oriented stablecoin projects in other chain competitors, and there would also be Dragon 2 competitor projects in PERP. Coincidentally, Aster had done it all (at that time, the main way to invest was asset points and trading points). If you want to accumulate trading points, you naturally need to find a Perp target to hedge or assist. Today I calculated that 1 point equals 20 LIT coins, which is about 50-60 US dollars. It is definitely profitable, but I am not sure about the cost. I think the process of rolling is a system and a dynamic process. As long as the overall direction is right, wear and tear is like losing some gas. Either here or there, it will always come back. Brushing PERP is actually not that simple, especially for manual transmission. It requires monitoring, detailed records, consideration of the size and timing of fund inflows and outflows, strategies for each transaction, and human confrontation. Most of the rolling becomes subjective trading, and once it is driven by personal will, it is not far from being liquidated or completely lost. At that time, I found someone who introduced the Lighter team and felt it was quite impressive. In the past year, there aren't many projects that can make money. As someone within my own cognitive range, I feel like I can count the projects that can make a lot of money with just two hands. Whether I participate or not, whether I make money or not, I think we should follow the advice of Professor Weituo from Shandong, Young people, even if they die, they will die in the B circle.