As part of our commitment to transparency, Aqua Patina is excited to share our first performance update for the period between October 21, 2024, and November 3, 2024. In this post, we’ll walk you through the metrics we’ve achieved so far, showing how users' ETH is growing in value over time in a fully decentralized, user-controlled environment. With Aqua Patina, you don’t just save—you actively participate in building the future of decentralized finance, all while your assets continue to work for you.

Total Pool Performance Overview

During this initial two-week period, Aqua Patina generated 0.7972 ETH in income, which translates to $1,960.31 at the ETH-to-USD exchange rate on Nov 3rd. Here’s a quick look at our main metrics:

  • Starting TVL (Total Value Locked) on Oct 21: $752,126.63
  • Ending TVL on Nov 3: $715,329.78
  • Total Income Generated: 0.7972 ETH or $1,960.31 (as of Nov 3)

We’re committed to keeping users informed about both growth and changes in their investments, providing a level of visibility and security that’s often missing in traditional financial institutions.

Why the TVL Difference Shows Gains

While the TVL decreased due to ETH price volatility, Aqua Patina achieved net gains in ETH, which translates into asset growth. Market fluctuations are a natural part of crypto assets, and by adding more stake consistently, users benefit from a Dollar-Cost Averaging (DCA) strategy that can enhance long-term gains regardless of short-term price swings.

What This Means for the Average User

Our 20 users collectively helped us launch with a strong foundation, and we’ve broken down the averages to show each user’s individual impact and potential growth:

  • Average Starting TVL per User: $37,606.33
  • Average Ending TVL per User: $35,766.49
  • Average Income per User (ETH): 0.03986 ETH
  • Average Income per User (USD): $98.02

This means that each user, on average, earned an additional $98.02 over the two-week period through staking and restaking activities.

How Your Investment Would Have Performed

To illustrate how Aqua Patina’s system works in practice, let’s consider two hypothetical examples of typical user investments: one with a $1,000 investment and another with 1 ETH invested at the beginning of the two-week period.

Scenario 1: User with a $1,000 Investment

Imagine a user who started with a $1,000 investment in Aqua Patina. Here’s how their funds would have grown:

  • Starting Balance: $1,000
  • Income Generated: Approximately $2.74 over two weeks

By the end of the period, this user’s balance would be approximately $1,002.74, showing a gain of $2.74. This growth illustrates how Aqua Patina offers a viable savings alternative with real returns on digital assets, regardless of the investment size.

Scenario 2: User with a 1 ETH Investment

Now, consider a user who invested 1 ETH (valued at $2,666.03 at the beginning of the period). Here’s their performance:

  • Starting Balance: 1 ETH or $2,666.03
  • Income Generated: 0.00274 ETH = $6.74
  • Ending Balance in ETH: 1.00274 ETH

By the end of the period, this user’s balance would grow to 1.00274 ETH, valued at $2,459.05 based on the ending ETH price. Despite the price drop, the ETH balance increased, positioning this user for potential growth when ETH prices rise.

Transparency: A Core Principle at Aqua Patina

At Aqua Patina, we believe in a fully transparent approach to financial growth. Unlike traditional banks, which often conceal the way they utilize deposited funds, we offer full visibility into how your assets are being put to work. With access to the Aqua Patina dashboard, our users can track the Total Value Locked (TVL), number of validators, and current yield—all in real-time. You are fully in control and aware of your assets’ performance at every step.

For a more granular view, feel free to explore the AP validators here: Validator Dashboard.

Why Aqua Patina Is Different

While traditional financial institutions often operate in opaque ways, charging hidden fees and offering low returns, Aqua Patina is designed to maximize returns with full transparency. We’re excited to offer our users a better, decentralized way to grow their crypto assets without the need for a technical background or the involvement of intermediaries.

What’s Next for Aqua Patina

We’re continuously enhancing our platform to offer a seamless experience for our users. In the coming two weeks, we plan to:

  • List Aqua Patina’s APY on DeFiLlama, providing an additional layer of transparency.
  • Add new features to the Aqua Patina wallet to enhance user experience.
  • Roll out a referral program to reward users who share Aqua Patina.
  • Participate in the Staking Rewards Summit and Devcon in Bangkok, where we’ll be meeting with industry leaders to discuss synergies and future collaborations.

Aqua Patina is committed to providing simple, transparent, and secure ways for users to grow their assets. Whether you’re starting with a small amount or staking a substantial sum, Aqua Patina is here to make decentralized savings accessible to everyone.