I would like to make a quick statement as a response to some of the concerns expressed about the markets. My goal is to provide some fundamental aspects to consider when participating into the discussions. - HYDRA is in very good standing financially, and in terms of technical resources. While many other projects have expressed concerns over their funding, HYDRA is well structured to overcome the toughest period of the bear cycle. - We are moving forward at a very strong pace with HydraGon. In fact, we have managed to deploy the first stage devnet and are working on implementing an explorer on it (more info coming soon). This means that very soon HydraGon will have most core features (EVM, performance, Metamask, Explorer, Defi, Bridge), and will actually match Hydra's current design, enabling us to think in the direction of a public testnet for its first iteration. - Our Hydra core team is rigorously working on the stability fix for the current production Hydra, which is a prerequisite for the HYDRA:LYDRA pool deployment. A plan which I am really excited about as the whole launch will potentially also capture HYDRA from markets. We've gathered valuable data and insight from mainnet and are working on implementing them in the next update. 3 versions had been released in the past couple of months, which on its own should come as a testament to the level of intensity of the work involved. - DAO has successfully launched with first 5 proposals in motion in terms of execution with hundreds of people registering and participating in the votes and discussions - We have been in active communication with the agencies for the marketing proposal, which have posted their first-month agenda on the DAO thread. This means lots of KOLs(influencers), Press releases on tier 1 media and other sorts of interesting activities upcoming. - The marketing framework is structured in such a way that at the end of each month, a community poll will be made where the community will vote for the next month's allocation of each agency. The goal being to reward the one that stands out and incentivize a fair, transparent, and competitive environment. - We are also concluding a strong upgrade on the bridge to strengthen its stability and security - Research on project Prometheus is going well and according to plans - SSL is in final phase as we had to upgrade the entire design to be compatible with Uniswap V3 (surprise!). Production tests are made as part of final QA before we start small test trials with the technology. We had to restructure the entire design, because it was based on V2 which had a completely different way of handling LP positions : LP token, vs V3s NFT LP tokens. While price is important, I want to make sure that it is completely irrelevant to the fundamental aspects of the project. In fact, by being involved in the operations, I can express how contradicting the price action events are when looked at from the angle of everything that's happening. During the previous capitulation phase, LOC's price went down to 0.19. This was again in conflict with the events that were happening in the background, and I find multiple similarities with that right now. The biggest catalyzer for the current market events is a few big sellers who felt conflicted to have vested as an integral part of their existing staking positions due to HydraGon's new staking model. The biggest seller finally exited the project yesterday in what was more of an emotional act (dumping 250,000 HYDRA with a single market order after demonstrating public disapproval in what is equivalent to a rage quit). It's approximately 3 months since HydraGon came in, with the price of shaking out members who were too exhausted or simply didn't resonate with the project's future.