In terms of development, we have completed our MVP and are currently live on Plume Testnet. We need to finish Oracle integrations and setup our liquidations bot to be able to go live on Mainnet.

In terms of traction, we have partnered with 25 projects thus far, amongst which several STEP applicants and winners like Mountain Protocol, Dinari, Centrifuge, PV01 and many more. We have the ability to make lending markets for their assets and leverage their TVL in a way no one else can, which is very attractive for RWA token issuers. We are now focusing on finding LP's for the protocol, of which we have 2 interested parties already.