Tokenized TSLA (TTSLA) is the first Real-World Asset (RWA) released by LeoStrategy. In my opinion, TTSLA represents the future that LeoStrategy is building in a microcosm: LeoStrategy is building a transparent, onchain asset treasury that is backed and over-collateralized by LEO permanently held on their balance sheet.
Their entire mission statement and daily operations are centered around one goal: add more LEO to the balance sheet.
A product like TTSLA shows us a path for LeoStrategy to generate billions of dollars in future capital. There are trillions of dollars in TradFi assets in the world and LeoStrategy has designed a launchpad that can tokenize these assets on the blockchain and profitably govern them via rate policy.
This rate policy mechanic leads to profitable arbitrage for LeoStrategy while also leading to assets that are refined to give buyers the properties they desire.
Look at LeoStrategy as a LEO Refinery and you will realize that the treasury is putting LEO on their balance sheet and harnessing that LEO as energy to deliver products with specific characteristics.
LSTR represents ownership in LeoStrategy.
SURGE represents the first onchain fixed income asset.
TTSLA represents the first onchain RWA backed by LEO, governed by rate policy.
In This Video:
- 00:00 Introduction to Tokenized Tesla
- 00:28 Understanding the Peg and Market Dynamics
- 00:59 The Role of Leo Strategy
- 01:23 Future Growth and Pre-Sale Strategy
- 02:21 Transparency and Verification
- 02:35 Liquidation Preference Explained
- 04:25 Market Pricing and Liquidation Dynamics
@leostrategy's TTSLA is available on LeoDex and HE in a Limited Launch of 28,420 tokens:
Posted Using INLEO
A great overview of the three most recent tokens of the Leo ecosystem:
I'm understanding the TTSLA opportunity a bit better and considering buying some. I will only buy on Base. Of course I understand liquidity will be poor initially but its difficult to overcome the fact that the token cannot be found on Dexscreener and the like and Blockaid flags a possible 'honeypot'. I don't have worries on the honeypot issue because I fundamentally have enough confidence in @leostrategy. The reality is though is that the token has no visibility outside InLeo and Hive at the moment and most are buying TTSLA on Hive and not Base. Still need to absorb more about this.
Keep reading and learning. It's a big leap in token design but LeoStrategy is onto something. As it matures, they'll prove to be on the right path
To be very honest here - I've been skeptical about $SURGE and the lack of success for the price of it shows that it's not very popular. Launching another asset with very similar mechanics is such a bad idea. It kinda shows that @leostratgy isn't about building long-term business but simply about trying to push $LEO price on the short- to mid-term.
There's so many questions around TTSLA hat haven't been answered anywhere and it just makes it a lot more difficult for anyone holding $LSTR or $SURGE to understand where their assets are headed.
A). Lack of success? That’s quite funny. SURGE presale buyers are up 50% in Hive Terms and 10%-20% in USD terms. This is in 2 weeks of the presale being sold out. The SURGE price continues to magnetize toward $1+ and as it continues to trend this way, I will continue to laugh at people who say this is failed. This is 100% expected and actually talked about as the presale was ending. Early flippers will take a profit and exit as it magnetizes toward normal price action.
Perhaps you’re impatient and think it should’ve given a bigger 200% or 500% return in 1 day? I just find this sentiment funny and factually innaccurate. Feel free to prove me wrong.
B). You saying it’s an asset with similar mechanics shows me you haven’t spent any time reading about it. I recommend taking some time to do so. It’s an RWA and has completely different peg mechanics. It couldn’t be more different. Launching another asset means increasing the fund’s long-term profitability while foregoing short-term profit-taking. It’s actually the opposite of what you just said.
C). They put out an intro post, a docs post and then a FAQ post specifically about yield because they saw questions about it. Along with 25+ threads a day.
Point me to these unanswered questions. I have yet to see them.
Haha, now you're being funny.
SURGE has been advertised as having a $1 "floor price" (not my words, actually quoting). Now it's at $0.8, which is indeed expected, but you can't deny that the market obviously isn't buying the $1 peg, the liquidation preference or whatever you wanna call it.
Now you're claiming TTSLA being an RWA. Tbh it's got nothing to do with an RWA, it's actually backed by LEO (just like SURGE) through a liquidation preference (just like SURGE) and pays out regular yield (just like SURGE). Not sure why you're saying it's totally different, but it's got nothing to do with the underlying asset except for trying to maintain a price that's similar (more like an index than an RWA).
So just like with SURGE, the market will discount TTSLA against TSLA since there is no arbitrage (you can't redeem TTSLA for any other asset and buy TSLA with it) and the peg mechanism relies on the very same aspects that SURGE uses , so TTSLA will continuously pay max yield, putting a strain on LeoStrategy's P/L.
I'm a holder of both $LEO (quite a lot, actually) and $LSTR (and a tiny few SURGE), so I want those to succeed, I just don't think that TTSLA is the way to go, so I'm sharing my concerns in the public as it should be.
I originally wrote a lengthier response but as I was writing it, I felt this to be a waste of time.
Read the docs
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