Hey everyone, just an update from me on all of our priorities (all good news).

First, the core team is generally back to business as usual, with no attrition in spite of recent events. As a result, I don't think we'll need to delay the launch of Focus, but please keep your fingers crossed...

I'm also thrilled to see that the mini AMMs we launched a few weeks ago have driven so much trading on Openfund. Just today it looks like Openfund passed $1M in volume since the mini AMMs went live, which is a huge milestone.

Until now, the AMMs have been in beta, which is why you've seen the markets stop updating here and there. Next week, however, we will be migrating the AMMs to a reliable production setup, which should resolve all issues.

After a couple weeks, we will then upgrade them from "mini" AMMs to full AMMs with $100k in +/- 2% liquidity for deso and BTC, and $10k for the others. Openfund volume should increase even further after this.

Fees will be introduced when we launch Focus, which, as I mentioned, is still on-track. If we have to push the launch out, I will let you guys know as soon as possible, but the app is really getting close to fully cooked and tested now so hopefully we won't need any more time.

There has been some discussion about whether the virality of Focus will be negatively impacted by recent events, and whether we should wait a little longer for things to die down before launching it. But after thinking about it a bit and discussing it, it's not totally obvious what the impact will be, and it could even be net positive. On the one hand, if there's negative "follow-on" press when we launch Focus, that could hurt peoples' willingness to share the app. But on the other hand it would also cause more people to know about it. We're not strangers to negative press, of course. BitClout had quite a bit of it, but from what we could tell it was generally a net positive because people would learn about BitClout, go and use it, and then come to their own conclusions, which were generally positive. One engineer who joined the core team actually found us through a Coffeezilla video!

So, all things considered, we don't see a strong reason to delay (and neither do the lawyers). Even if there's reduced virality, we still think the app is going to be the most innovative thing to launch in crypto since BitClout, and we think that should hopefully be sufficient to create a moment around it regardless.

In the meantime, thank you all for your support, and don't forget why we're here!