In 2025, in the past year, have there been any foolish arbitrage activities with high capacity, high returns, low risk, and no information gap? It seems like selling yt at the opening of the second phase of ena. But I think there is information gap, and compared to the market interest rate at that time, it is not considered high-yield. (Because at that time, Rez's YT earnings were also 50% -60% annualized) But during the pre-sale period of this pump set, the capacity is also too high. Now the yt of ena is less than 10%, indicating that the market base interest rate is very low. I believe that there will not be such a simple arbitrage of large funds in 2025. So we won't do pre-sales. If you want to play, just bet long or short.