At Aqua Patina, transparency is at the heart of everything we do. Today, we’re sharing our second performance update, covering the period from November 4 to November 17, 2024. This report showcases how user assets performed, including total rewards generated, average user earnings, and insights into the factors influencing returns. It’s a clear demonstration of how Aqua Patina is working to deliver value in a fully decentralized and user-controlled way.

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Pool Performance Overview

Over the 14-day period, Aqua Patina generated 0.8840 ETH in rewards, equivalent to $2,641.75 based on an average ETH price of $2,991.24. Here's a snapshot of the key metrics:

• Starting TVL (Nov 4, 2024): 290.9154 ETH or $697,567.82
• Ending TVL (Nov 17, 2024): 291.7811 ETH or $896,950.61
• Total Income Generated (14 days): 0.8840 ETH or $2,641.75
• Total Users: 20

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Average Performance Per User:

• Average TVL per User:some text
  • Starting: $34,878.39
  • Ending: $44,847.53
• Average Income per User:some text
  • ETH: 0.0442 ETH
  • USD: $132.09

These returns highlight the potential of staking and restaking, where both the rewards and the increase in ETH’s value contributed to overall performance.

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Comparing Aqua Patina to a Traditional Savings Account

To put these results in perspective, let’s compare them to a traditional bank savings account with an annual yield of 0.5%:

• A user with $34,878.39 in a traditional savings account would earn $6.69 in 14 days.
• The same user on Aqua Patina earned $132.09 over the same period—a 19.7x difference.

This comparison underscores the advantage of decentralized savings platforms like Aqua Patina. While bank yields remain stagnant, staking ETH offers both potential asset growth and rewards through blockchain participation.

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The Role of ETH Value in Returns

It’s important to note that much of the overall increase in USD returns came from the rise in ETH’s value during the 14-day period. ETH appreciated significantly, from $2,397.84 to $3,074.05.

Key Takeaways:

• Rewards (0.8840 ETH): These were earned directly through staking and restaking.
• ETH Value Appreciation: The ETH price increase accounted for a large portion of the rise in total TVL. While this is a significant advantage, users should understand that ETH’s value can fluctuate.

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Long-Term Performance

Since the launch of Aqua Patina’s Liquid Restaking solution, 1.6811 ETH has been generated in total rewards, equivalent to $5,167.91 based on the latest ETH value. None of our users have withdrawn their assets, meaning all rewards remain reinvested within the protocol.

Total Average Earnings Since Launch:

• ETH Per User: 0.0841 ETH
• USD Per User: $258.40

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Looking Ahead

The past 14 days have been promising, but we’re just getting started. Here’s what’s on the horizon for Aqua Patina:

1. APY Visibility on DeFiLlama: Aqua Patina’s APY will soon be listed on DeFiLlama, further increasing our transparency and visibility.
2. New Wallet Features: Enhanced wallet functionality is in development, giving users even greater control over their assets.
3. Referral Program: We’re designing a referral program to reward users who help bring others into the Aqua Patina ecosystem.
4. Community Engagement: We attended the Staking Rewards Summit and Devcon in Bangkok, fostering partnerships and showcasing Aqua Patina’s unique approach to decentralized savings.

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Disclaimer

Past performance does not guarantee future results. While Aqua Patina strives to maximize returns through decentralized and secure staking practices, cryptocurrency values and rewards can fluctuate due to market conditions.

Aqua Patina continues to build the future of decentralized savings. Thank you for being part of this journey. Together, we’re not just saving—we’re shaping the future of finance.