The crypto market will change fundamentally after this crisis and chaos. The market will appreciate projects with real innovation, traction, and PMF. The market will be centered around BTC and stablecoins. On the other hand, many general-purpose projects may struggle. Babylon protocols: - make Bitcoin work safely for everyone through fundamental innovations - realize innovations and products on the Babylon Genesis chain - so that all other projects can join and be Bitcoin supercharged, and build on top of it. Every network could be a Bitcoin supercharged network. Every network should be a Bitcoin supercharged network. Some exciting and fresh insights: The Babylon Labs team is having a work offsite in Hong Kong! David just shared his research and gave a presentation about what can be the next big thing after we complete Bitcoin staking this year: a staked-Bitcoin-backed ___ product. Eventually, Babylon could become native bitcoin's default gateway to enter the crypto economy. It will be a huge development initiative with many uncertainties, but we are super confident that we can ship the code for it. We have one of the best teams in the industry. We are well connected in all verticals of the industry. We also have a very healthy war chest that allows us to stay focused. Babylon and BSNs and ecosystem projects will get through the rainy days and make BTCFi the next engine of the crypto economy! #NFA #FLS