Steven Pack

So this is different.

Like if I was to position REs, it's like we tried to really make it available for anyone.

And there is a mixture of funds and there's a mixture of smaller REs holders in there.

This vault is squarely targeted institutions.

And so it's called the RockSolid, it's a long name, RockSolid Auto Plus Loot ETH Vault.

And it's in conjunction with Peer2.

So Peer2 are a Ethereum node operator.

Actually, they operate on multiple nodes.

But specifically, this is targeted at institutions that have ETH and that stake ETH.

And so they've already moved like the first step on the risk curve, but they're ready to take that next step into earning a greater than staking reward.

So like looking for more than two and a half percent, but, you know, really need their first entry into DeFi to be constrained.

Like they're not looking for 10 different strategies and the latest L2 and the latest protocol and farming a token.

That's not what they want.

And so what this is, is a single strategy vault.

It's leveraged staking.

So it's deposit ETH to the vault.

That goes, and I'll talk about the how in a second, but that goes to peer two.

We're able to then use that staked ETH on those validators as collateral to mint more ETH to stake it.

more and continue.

And so we leverage up the vault.