Steven Pack

But that was kind of it.

They kind of didn't have that many options unless they wanted to try run their own little mini Aries hedge fund.

And that's out of reach for most people.

And so...

For those depositors, we've been earning great returns since inception.

They're higher at the start.

They were closer to sort of 8%, 9% at the start, and they've now settled around 6%.

There's just a bit less ETH yield sort of available now than there was sort of when we very first started.

But, you know, that's like more than two times, that's like two and a half times the staking rate.

You know, we've been able to like earn real returns for our depositors.

And that's what I'm most proud of.

And I think importantly, during that time, there was like the stream and elixir blow up.

There was 10th of the 10th.

There was whatever we're going to call 1st of February, like around the last few days.

I don't know.

Yes.

But we've not suffered any losses during that time.

We've been really disciplined in keeping delta neutral strategies in being allocated across lots of different strategies.

And so it's, yeah, it's been a super, super solid stage.

I'm really happy.