It's how the payments are sent after you click that button.

Right.

And all of that's really hidden from most users, but it's very important in making sure things run, right? Imagine turning on your shower and there's no water.

It's, it's sort of, um, you know...

It's not what you would want.

So here at Kaladan, we build a lot of that back-end plumbing for digital asset markets and, and these markets are highly, highly fragmented.

So you have dozens of exchanges.

How do you build systems that are fast enough to keep up with this but still safe and accountable?

Walk me through this arc and maybe talk to me a little bit about how each step along the way has informed the way you think about markets today.

So I went to MIT.

You know, I actually had a tough decision of whether or not to go because it was quite expensive, and I had a full scholarship to, uh, the local university of Maryland.

But my dad was, being the Asian parent that he is, is like, "You definitely are going." When I got there, I actually was quite struck by how ahead a lot of people were.

So when I got there, I decided to study computer science.

I met these people who had already built their own 3D ray tracing engines and published games.

I'm like, "Wow, this is a whole different world." Among with these people, I also met folks who really knew that they wanted to do finance.

Can you talk about the structural differences between the centralized approach versus the true DeFi liquidity pools, not just in execution, but how you think about risk and capital allocation and the nature of maybe edge itself?