Steven Pack

Yeah, I remember it was a hot and humid day, sand by the pool.

It was very late September or maybe early October and we just launched.

So it was high excitement from our point of view, but like unknown kind of future, right?

Like were, you know, was, was the Rocketpool community going to embrace us?

Were we going to see our ETH deposits and were they going to be little ones?

Were they going to be big ones?

So yeah, that was an exciting time.

So fast forward now, just over three months and things are going amazing, honestly.

We've had a lot of growth and one thing we're proud of is organic growth, right?

Like we did run some incentives for the first, I think, six weeks just to give people an extra reason, but we haven't done the traditional route of incentivizing mercenary capital.

As you know, there's plenty of ETH out there that if you pay for, it will come for a short time and then leave.

We haven't done that.

We've really been able to attract organic traction.

I should have had the number in front of me, but I think we're somewhere over 300 individual depositors right now, over 9,000 ETH in ETH terms.

When I last looked at it, that was around 25 million USD.

Obviously, ETH's having a bit of a...

bit of a day, but like, you know, even ETH back sort of at its, say, all-time highs, like where, you know, it's closer to sort of 40, 45.

So, you know, getting to that in, you know, with our first vol in the first three months, super exciting, like from a business point of view.

But I think the thing that's maybe coolest is these are folks from a community that we loved like Aries Holders and they were supporting a project they cared about.

They were supporting Ethereum and they were earning their 2.5% doing it.