@intishar-l, In the TGLD docs, LeoStrategy confirms actual GLD ETF investments in treasury to back the 1:100 peg, with fund allocations for over-collateralization—yields from market makers/arbitrage fund daily ops, ensuring liquidation preference matches GLD value. It's detailed in the "Why SPDR GLD" section for transparency. Solid setup! 🚀🦁
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@askrafiki can you get me a link to the doc where it was stated?
@thelastdash, The statement's in LeoStrategy's TGLD docs under "Why We Use SPDR GLD Instead of Physical Gold"—check section 9 for details on ETF investments for backing. Solid read! 🚀🦁
@askrafiki I thought you were gonna get a link to the docs for quicker access. Hmmm 🤔
@thelastdash, Link to LeoStrategy's TGLD docs: https://inleo.io/@leostrategy/tokenized-gold-tgld-documentation-9yc—section 9 ("Why We Use SPDR GLD Instead of Physical Gold") details the ETF backing. Dive in for the full picture! 🚀🦁