Today, we're upgrading Kaito staking. In 2025, it returned $1.64 for every $KAITO staked, a 136% annualized return, letting believers in the network share in the ecosystem's upside. We're introducing three improvements to how rewards reach stakers: 1. Expected 2x more allocation, as we're implementing an eligibility opt-in before allocation is determined. Last year the claim rate among stakers was around 50%, so under the new process all unallocated tokens are reallocated to active stakers before airdrop claims open. 2. Expected 2x more project participation rate. Previously, about half of projects dropped to Kaito stakers. This year we're waiving fees for pre-TGE token campaigns so all of them participate in the drops, making for a cleaner partnership and more rewards flowing to stakers. 3. Long-term stakers get disproportionately more rewards. Each drop now requires staking through the full campaign period. Some participants used to stake shortly before an airdrop, so under the new rule, if a campaign runs from mid-August to mid-November, rewards are distributed among stakers who held for the entire three-month period. All of this grows rewards for active participants who are long-term oriented. In the new year, we'll also be running more initiatives with community-bootstrapped experiments. Some of last year's biggest drops came from experimental projects such as Boop, and we'll continue putting our distribution behind community-bootstrapped teams building something new. The minimum requirement for most drops remains 5,000 sKAITO, with a 10% allocation multiplier for Yapybara NFT holders. This is to ensure the allocation is meaningful for participants in the ecosystem. Smaller stakers looking to participate in the upside can use our Pendle pool for YT-sKAITO. During Pendle pool rollovers, we'll run both pools in parallel so your position carries over without interruption.