OK maybe I'm just super new. Saw this comment on my blog and am very confused. Comment says that TTSLA isn't a real RWA? Anyone can explain to simple ol' me lol
OK maybe I'm just super new. Saw this comment on my blog and am very confused. Comment says that TTSLA isn't a real RWA? Anyone can explain to simple ol' me lol
Most likely cause this how it works explains, TTSLA isn't backed by real TSLA stock, but LEO, that's my guess
makes sense! Thanks!
Its like anything.
Proof is in the pudding.
There will be doubters until the model is proven over a set period of time.
right but what is the angle to say it's not a true RWA?
TTSLA isn't backed by Tesla shares. So some might have the opinion that TTSLA isn't a RWA because of that. The claim is TTSLA is more a token mimicking RWA than a RWA. Debatable but trade value/ease of movement is what matters in the end.
Makes sense! Thanks for the explanation!
im new to this as well. I think some want it backed by actual Tesla shares. Leostrategy has different ways of back it. You would need to read those. I’m not great at explaining it.
ahhhhh ok i think that makes sense to me
TTSLA is not a RWA, it is a synthetic fractional asset with the goal of mirroring the proportionate price of TSLA.
It uses a scaling yield strategy to encourage the price of TTSLA to track TSLA.
There you go, now I know. Thank ya!