Steven Pack
👤 SpeakerAppearances Over Time
Podcast Appearances
So go check out his strategy.
But they're a good example.
They are building a big ETH treasury.
They have a big ETH treasury.
They were staking.
You know, they're of the DNA that's like, we can do better than just staking, but we don't want to just YOLO into anything.
But we are comfortable with some amount of leverage and we are comfortable with a node operator.
And so, yeah, that was the first sort of thousandth into that, into the vault, which is exciting.
You know, it's much better to launch a product like this with a big deposit.
And yeah, so that's the next one.
Go check that one out.
Yeah.
Yeah.
All right.
There's a few ways to explain it.
The very, very short version is if you have two ETH.
Yes.
You can end up with say 10 staked ETH growing and like, um, eight, uh, uh, uh, and, and, uh, like eight ETH worth of debt.
And so you had a lot more than you started.
One asset is growing and the debt is growing too, but not as, as fast as the asset.