$CODEX
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ใใใใHashiใใใ๏ผ [Spoken audio]: So what we decided to build is a primitive on SWE that effectively leverages the Bitcoin network itself and the SWE network as a validating principle. So there's a multi-stake account on BTC that is held by a network of 127 validators and that increases over time that controls the multi-stake on BTC. So you can deposit your Bitcoin to an address on the Bitcoin network and it lets you mint stablecoin directly on the SWE network. Either borrow that money as a loan or put that into vaulting strategies to earn yield, right? So the number of things you can do. So Mint BCC on Bitcoin network, Mint USDC, or sweet dollar or other assets on the sweet network directly as a result of the asset you haven't collateral. Now this is all done in an automated fashion and it's the contracts on the sweet network form enabling this minting is formally verified, which is a mathematical way of ensuring the contract. It does the only thing that you've asked it to do and nothing more. And on top of that, we are going to be launching an insurance protocol as well, that is backed by Bitcoin and is payable in Bitcoin as well. So the premiums are paying Bitcoin, it's actually backed by Bitcoin directly. So for the first time ever, institutions will have the ability to offer their clients because, you know, BitGo and a number of file connects, number of institutions we're engaged with are gonna make this available, including Ledger on a user interface. You can click on the button, deposit Bitcoin into an address, instantly receive stablecoin. And it's using decentralized infrastructure to do all this. There's no central entity that is involved in this process. So all the loan markers, the health of the loan, everything else required is fully available information on chain. It's not by these contracts that were impossible for you and ICC that led to Celsius and block five bankruptcies as well.