Today, the Monad execution client is being open-sourced under GPL-3.0, thus bringing the full client open source ahead of mainnet. The north star of Monad is decentralization through technology. Decentralized networks are much harder to build than centralized systems, but they are ultimately far more powerful - both due to their resilience and due to their neutrality. Open source code, in our view, is a basic prerequisite to a decentralized system. Open source is a prerequisite to trustlessness and transparency. In a closed-source network, how can anyone verify that the network has the properties that its proponents claim? As we say in crypto, "don't trust, verify". Open source is a prerequisite for decentralized control of the network. In a closed-source network, the party producing the binary can introduce whatever changes they see fit. A borderless, credibly neutral, censorship-resistant economy, where anyone may innovate, can only develop in a system with the technological and social prerequisites for decentralization. Open source is more resilient. Building decentralized systems that are resilient to individual incentives is extremely challenging, but open source codebases that adapt to the challenges of order flow monopolizers and selfish validators will gain in antifragility. Open source allows us to prove our best ideas and maximize their impact. I sincerely believe that MonadBFT is a game-changer for consensus mechanisms - that the no-tail-forking property is crucial to pipelined consensus. With the open-sourcing of monad-bft and benchmarking tools in monad-mock-swarm, you don't have to take my word for it, you can test it yourself. Same thing goes for RaptorCast, MonadDb, Async Execution with the Reserve Balance mechanism, and the JIT compiler. Lastly, open source is more collaborative and more fun. Anyone can read the code, learn from it, and contribute. As we say in the Monad Community - no shortcuts. You may look at the entire codebase and verify our claims. We are here for the long term. Building up a new blockchain system from scratch, while pioneering a several new technologies that I believe will meaningfully improve the space, has been a huge effort. And we're going to keep doing it. We are proud to share another piece of our Proof of Work today; now back to work.