I'm seeing lots of "why are you putting money into rebrand you should be repaying users" Because I expect to see "why spending money?!" every step of the way, I want to make this very clear. The Tether deal is *not* a bailout. They are not just chucking money into the recovery pool. Tether is a business, not a charity. They are acting as a line of credit. Tether wants a top perp exchange running on USDT. I do not know the actual terms of the deal (I'm not on those conversations) but my understanding is that it's a line-of-credit matching of revenue that flows into the recovery pool. It all needs to be paid back (the full ~$300m). The credit just accelerates the payback, and leaves the protocol in debt to Tether rather than users if we get enough revenue. The important upshot: Users get $0 in Tether money unless there's revenue. The structure of the deal is intentional. Tether wants the best route to repaying users to be building a top perp exchange. Not a straight bailout with their money. What does this mean for users? It means your best chance of getting your money back is Velocity making revenue. If we throw every cent of runway we have into the recovery pool, you'll get $0 of Tether credit, and hardly any recovery pool $. The best way out is through. And through means proper rebranding, relaunch, and all of the hard work that goes with launching a perps dex.