Starting to feel like the USDH RFP was a bit of a farce. Hearing from multiple bidders that none of the validators are interested in considering anyone besides Native Markets. It's not even a serious discussion, as though there was a backroom deal already done. Native Markets' proposal came out almost immediately after the USDH RFP was announced, implying they had advanced notice. Everyone else scrambled over the weekend to put something together. So this whole USDH RFP was basically custom made for Native Markets. Meanwhile, the community seems to be aligning that the best proposals are coming from established players like Ethena, Paxos, Agora, and others, rather than Native Markets, which is a brand new startup. Polymarket tells the same story—Ethena proposal comes out, immediately odds skyrockets as most likely to win, until people realize that the validators are not interested in considering it. Within 2 hours, it craters.