0:49:07 Dave @DCBK2LA: So I I... You you you hit a keyword here. And, Landy, you and I have talked about this, at length and cool. We've talked about this here too as well. It's, like, rehypothecation. Right? And I know that there's a new protocol obviously out on stacks. It's called granite. It's like, don't rehypothecate, but it's like, tell me... Can you can you explain this maybe, like, to the users, like, and really under... So we…

0:49:48 Jacob Phillips @JacobPPhillips: Yeah. Rehab publication is a concept in traditional finance that is... That that, like, the entire financial system is built upon. It's basically the idea that you know, a a user... Not every asset has to be in its naked form. You can use treasuries as collateral. You can use, you can use equities as collaterals. You can use structured products as collateral. So you basically take money, lock it up in some…

0:52:03 Dave @DCBK2LA: Fair enough. Yeah. Landy, before I... I have a million more questions for Jacob because I find this fascinating stuff. I don't know if you wanted to maybe chime in, but I know I have a million more questions.