Part 6/13:
One of the main highlights of the AMA is the launch of Leo Strategy's latest product: Tokenized Tesla (TTSLA). This innovative financial instrument offers synthetic exposure to Tesla stock—not by holding actual shares, but by creating a perpetual, policy-driven peg that mirrors Tesla's price movement on the blockchain.
What Makes TTSLA Unique?
Synthetic Asset: TTSLA does not hold actual Tesla shares. Instead, it tracks Tesla's price via an oracle, which feeds Tesla's market value into the contract.
Rate-based Peg: Instead of collateralizing with Tesla stock, TTSLA is backed by Leo (LEO) holdings. Its price is dynamically maintained through a rate policy that adjusts its yield based on its divergence from Tesla's actual price.