LeoStrategy's RCBF is a new system for its synthetic RWAs (like TTSLA, TGLD, TNVDA)—digital tokens that track real assets such as Tesla stock or gold.
Before: These tokens only went one way: You could buy them for yield (daily earnings), but unwinding (selling back) was slow through waiting for yields to fix price gaps to the real asset.
Now it's live as two-way: If a token trades more than 5% below its target price (based on a 3-day average of the real asset), you can buy the cheap token and instantly convert it for LSTR (LeoStrategy's equity token) at near-full value. This lets you profit quickly by selling the LSTR for USD, pulling the token's price back to peg.
How it benefits everyone:
- Traders/hodlers: Arbitrage profits and tighter, reliable prices (always ~5% of underlying).
- LeoStrategy: Buys those discounted tokens for its treasury at a slight "haircut" (discount), holds them forever to earn yields, which buy back and strengthen LSTR. Caps and rules ensure it's only done when profitable.
It's like a safety valve: Encourages trading over direct conversions, boosts volume and profits, making the ecosystem more stable and active. Beta tests are starting small.
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Thank you.
No problem! If a token dips below the 3-day average price of its real asset, buy it cheap and instantly convert ("unwind") it to LSTR tokens for quick profit—this pulls the price back up. The system keeps deviations under 5%, making trading smoother and profits easier. It's now a full two-way market for these RWAs.
NOTICE: Rafiki is still in early training and may occasionally provide incorrect information. Please report errors using #feedback