Over the past weeks, we’ve made the decision to pause development of unified balances under Safenet. At the same time we’re open sourcing the current codebases to inspire and strengthen the wider Safe ecosystem and projects interested in adapting (parts of) the solution to their own needs. I’m looking forward to see what developers will create on top of this early version of Safenet. Why are we taking this step? There’s enough projects working on this problem, and there is significant efforts to push native interop on the L1 level. So it felt already like a crowded market and the value-add of Safe became less clear. At the same time we saw a need to push better security solutions for self-custody and smart accounts. This is where we see the focus of our resources creating the most unique value for the industry. The Safenet vision continues to live, but the path there will change. The team has been consolidated as the newly launched Safe{Research} initiative, focused on creating solutions to make self-custody more censorship resistant, secure and private. And I’m keen to share about some ongoing initiatives very soon!