Project King Safety Update: • The King Safety Paper is being shared with the Ecosystem Advisory Council this month. This is the next step in a consultative process to refine our approach before the EAC shares it more broadly with the community. • The Foundation is committing to extending its support for bonus staking rewards for another year (until January 2028) to allow the process to run its course and get to the best possible outcome for everyone. • Now that the protocol is under Foundation control, we are making significant protocol changes to give us far more flexibility in how transactions are priced, from a bundled fixed 0.001 ALGO price to a decoupled model where pricing can depend more closely on resources being consumed and/or the type of transaction being executed. • While the Foundation can propose changes to improve sustainability, any decision will need to be implemented through a consensus upgrade, which will require the support of 90+% of staked Algo.