Replying to https://twitter.com/AeccORG/status/1729918736558141610:

@AeccORG @ocean_mining It's non-custodial for miners who will be receiving 1m+ sats paid directly from the block reward to their address, but custodied for the majority of us plebs until we can build up enough sats to be over the threshold for payout, or lightning goes live, whichever comes first.