### Returning Grantees

Since receiving prior funding from the Token Engineering Grants Program in GG20, we have made significant progress on the R&D front and have released several important updates to the TurtleShell SDK. The support from the grant has been pivotal in advancing our project and achieving key milestones.

**Impact of Funding:**

**1. R&D Progress:**
- **Enhanced Features:** The funding has enabled us to dedicate resources to enhancing the features of our SDK. We have incorporated more robust security mechanisms and fine-tuned the existing functionalities to better meet the needs of DeFi protocols.
- **Advanced Research:** We have conducted extensive research on new methods to detect and mitigate security threats in real-time. This research has informed the development of new tools and utilities within the SDK, ensuring our solutions remain cutting-edge.

**2. SDK Updates:**
- **TVL Monitoring Tools:** We have released new TVL monitoring tools that provide real-time tracking and alerts for unusual activities, helping protocols detect potential threats early.
- **Settlement Modules:** The SDK now includes additional settlement modules, such as advanced transaction blocking and fund freezing capabilities, which streamline the implementation of security responses.
- **AMM and Oracle Utilities:** We have added new utilities to monitor and verify price activities within AMMs and validate oracle data, further protecting against price manipulation and ensuring accurate data feeds.

**3. Community Engagement and Education:**
- **Workshops and Webinars:** We have hosted several educational workshops and webinars to demonstrate the new features of the SDK and educate the community on best practices for on-chain security. These events have been well-received and have helped increase the adoption and understanding of our tools.
- **Documentation and Guides:** The funding has also allowed us to produce comprehensive documentation and implementation guides, making it easier for developers to integrate and utilize the TurtleShell SDK effectively.

**4. Free Security Services:**
- **Serving DeFi Projects:** Furthermore, we have provided free-of-charge security services to over 20 DeFi projects, advocating the adoption of circuit breakers. This initiative has helped these projects enhance their security posture and protect their assets against potential threats.

The prior funding has been instrumental in driving the progress of our project, enabling us to enhance our security solutions and provide valuable resources to the DeFi community. We look forward to continuing this momentum and further contributing to the security and resilience of web3.