Today we are announcing that Remora Markets will be winding down operations, effective immediately. All Remora rTokens remain fully backed 1:1, as they always have. We are currently working on a redemption process to allow holders to redeem their tokens for USDC, and will share full details shortly. Following recent events impacting our parent company, Step Finance, we explored paths to continue operating but were ultimately unable to find a sustainable way forward. We are grateful to our users, partners, and the broader Solana community for their trust and support. Further updates will be shared soon.