In the morning, I watched a video of DeFi Dad interviewing EF researcher Thomas Thierry. Generally speaking, although KOLs are all shooting Zcash, Ethereum is truly striving to achieve rich privacy use cases through different technological paths, especially DeFi that can achieve privacy, such as lending and swaps, to improve the DeFi stack. 27 years will be an important year for similar applications to emerge. ( https://www. (youtube.com)/watch? v=XrMAGHwayy8) Then I saw last night's news that Zama's confidential DeFi profit platform has finally expanded from one vault and one asset when it was launched in June to 16 vaults, covering 5 types of assets (in addition to the previous cUSDC, cUSDT, WBTC, etc.). There are also 5 Curators now, in addition to the original Steakhouse, Wintermute, Bitwise, Flowdesk, and Rockaway have all come to operate confidential vaults. It's good news that the institutional level DeFi revenue market for privacy protection is starting to scale up: this type of DeFi revenue product that protects privacy while also verifying composability, keeps depositors' identities and positions confidential, and maintains risk levels, allowing institutional capital to find a deployable place. In addition, the exchange of these assets through Zama Swap can also protect privacy, basically completing the closed loop: deposits, earning profits, and exchanges can all be completed without exposing positions. If you want the composability of a public chain but don't want to expose your position to competitors and institutional capital of MEV robots who are eyeing this chain, can you take a step forward and go live on the chain?