an insanely beautiful final sunset at fenway

We heard there’s a bull market coming, so we gave our PnL cards an upgrade! Share your returns in both % and $ terms along with your referral code.

Well that was quick. The first increment of RLUSD has been completely absorbed. More will be allocated.

Tomorrow will bring severe storms to New York City. Thunderstorms are expected to bring damaging winds strong enough to down trees and power lines, along with heavy rainfall that could cause flash flooding. These storms can develop with little warning. Sign up for emergency alerts by texting NOTIFYNYC to 692-692 so you can get updates as conditions change. If a storm hits, head indoors immediately. If you need to travel, use extra caution. And please check in on your neighbors, especially New Yorkers living in basement apartments. The City is preparing now, and every New Yorker should do the same. Visit nyc.gov/beready for tips on how to prepare and stay safe.

Cycles are interesting in that they have zero regard for reality. Vs even 1 year ago Flare is in an inconceivably better utility position. More is coming with Flare 2.0, further expansion of XRPFi, the coming onboarding of meaningful institutional partners (finally), FSA is working to abstract away complexity, FIRE and FIP16 change the token economics for the (vastly) better. And those are just the things that we can discuss publicly. Almost everything we have set out to do is being done (barring adding more FAssets - in the works) and by and large it’s working. But if you look at the whole crypto market you would think the whole industry is finished - despite more institutional interest and greater clarity than ever before. Unfortunately cycles are a fact of life, even Amazon had a 94% peak to trough drawdown when the .com cycle burst - but the internet didn’t go away nor did Amazon and neither will crypto and certainly not Flare - which presents more utility than almost anything else in the market. Every cycle teaches the same lesson, and every time we forget it: near the bottom it always feels like the end, but it never is. I believe that we're closer to the turn than the mood would have you believe. The roadmap ahead is the thing we're here for. At Flare we trust in the process to ship great product - knowing that is the only true path to winning. Flare will emerge from this brutal winter fighting fit and offering more than ever for the next cycle.