After the recent black swan event, I have been gradually bottom-fishing projects. I have basically covered all the mainstream tracks in the market, but I only bottom-fished 1-2 projects in each track. For BTC narrative projects, I carefully selected and ultimately chose $BARD from @Lombard_Finance. 1️⃣ First, let's talk about the technical aspects. The trading volume is very high, and during this period, the selling pressure from both airdrops and public offerings has basically run its course. Moreover, this upward trend is still in a consolidation phase and has not yet experienced explosive growth. 2️⃣ The TVL data is stabilizing, and there has not been a cliff-like drop after the TGE. Additionally, the potential growth expected in the future is about 5 times. 3️⃣ In October, partnerships were established with Starknet and Canton Network. The collaboration with Starknet expanded the use cases of LBTC and multi-chain support. The partnership with Canton promotes the scaling of institutional-level applications, potentially unlocking over $500 million in TradFi TVL. 4️⃣ The token itself does not have unlocking pressure this year; I checked the token release schedule. There will be no influx of tokens from investors and the team into the market this year. 5️⃣ The outlook for BTC is positive, especially since major capital like Wall Street has joined the crypto war. The long-term upward trend of BTC will not be disrupted, and the outlook remains optimistic. As a leading project in the BTC ecosystem, this is also a good expectation. To put it simply: BTC price increase ➡️ Project's TVL and intrinsic value increase ➡️ Project's ability to lock in funds is bullish ➡️ Project's intrinsic value increases ➡️ Token value increases. 6️⃣ Finally, the staking APY for the token itself is currently at 60% annually. This yield, combined with a bull market and token expectations, is very attractive to users. ➡️ In summary: I decided to bottom-fish BARD and make a mid-term layout. Buy ➡️ Stake ➡️ Reassess the situation at the end of the year.