1. Regarding Backpack, it’s foreseeable that the TGE timeline will be indefinitely extended. Issuing tokens after S5 isn’t impossible either, there are just too many issues. 2. The TGE timeline for edgex will also be extended, and it’s unlikely to happen in Q4. 3. For perps that can’t TGE by the end of this year, I’d suggest being cautious about participating. Just allocate a small amount of funds. Who knows what the market will look like next year? Could perps become the next L2?