treasure chests are now open. reading some of the early reactions, I want to level-set on how Wave 1 was designed. - half of our fees went straight into the rewards pool. - roughly a fifth of that pool funded our grand prizes. the rest was spread across thousands of everyday chests. this program was built for real users who want to make OpenSea their one-stop shop for onchain trading. if you came in expecting an immediate positive ROI on trading fees, the math was never going to support that for most participants — especially with last week’s market chop. we also provided Treasures inside these chests, which as we’ve shared will be meaningfully considered by the Foundation at TGE. our rewards program will continue with Wave 2. i appreciate all the feedback, we are listening. thanks for being on this journey with us.