The LEO Ecosystem is bringing you tokenized real-world assets (RWAs) onchain and at scale. One asset at a time. Today, we are excited to announce that LeoDex is partnering with LeoStrategy to bring RWAs at scale to the market.
Real-World Assets (RWAs) are one of the biggest markets for the future of blockchain technology. Bringing assets onchain represents a transition from archaic financial markets designed 100 years ago to bleeding edge real-time technology on the blockchain.
This transition will see trillions of dollars in assets flow from the physical world to the onchain world.
There are many different companies, models and organizations aiming to achieve this. Various models means various ways of approaching the "how do we put an asset onchain?" question.
LeoStrategy has designed a fascinating model that harnesses LEO to bring these assets onchain by using pristine collateral to back each RWA.
What is LeoDex?
LeoDex is a non-custodial cross-chain DEX trading interface. You can interface with 6+ protocols, 1000+ assets, 50+ blockchains and use 500+ wallets to connect to https://leodex.io.
LeoDex is building the best onchain trading experience.
What is LeoStrategy?
placeholder data of the future TTSLA dashboard on LeoStrategy's App
LeoStrategy is an onchain digital asset treasury (DAT) formed by LEO Community Leaders with a mission to purchase LEO, stake it permanently on their balance sheet and utilize it as pristine collateral to deploy financial products, services and derivatives.
LeoStrategy has acquired 3.6M (and growing) LEO and harnessing this LEO as digital capital to back the future of financial products on the blockchain.
- LSTR represents ownership in the LeoStrategy DAT
- SURGE is their first onchain derivative and is a fixed income instrument
- TTSLA is their first tokenized RWA
LeoStrategy's model for assets is simple: tokenize assets on the blockchain and over-collateralize those assets with LEO on their balance sheet. Use any raised capital + ongoing profits to purchase LEO, add it to their balance sheet and further over-collateralize the asset stack.
How Do LeoStrategy RWAs Work?
LeoStrategy's RWAs operate with a relatively simple model. Instead of a mint-burn peg, these RWAs are over-collateralized by LEO held on LeoStrategy's balance sheet and their peg is governed by a rate policy.
This gives LeoStrategy's RWA's a very unique value proposition: yield.
Most RWAs and assets in general have drag which means a negative-bearing yield to the holder. LeoStrategy flips this model entirely. Their RWAs pay you yield to hold them. They have a baseline yield of 3% APR. This baseline yield is paid when the RWA is trading at par with the asset they're designed to correlate with.
If this correlation deviates, the yield programattically increases. This programatic increase in yield is entirely transparent, onchain and predictable.
Correlation ⬇️ = Yield ⬆️
Correlation ⬆️ = Yield ⬇️
Correlation drives the yield policy (the rate % is autonomously adjusted weekly. Yield is paid daily based on that rate).
TTSLA is LIVE!
TTSLA is Live on LeoDex and it is the first RWA launched by LeoStrategy. Tokenized TSLA (TTSLA) works using this onchain policy governance model.
The baseline APR is 3%. TTSLA is a synthetic RWA that is correlated 1:100 with TSLA.
- If TSLA is $420, TTSLA should be ~$4.20.
- If TSLA goes up $80 to $500 (+19%), TTSLA should go up $0.80 to $5 (+19%).
Key Features of Tokenized Assets Trading on LeoDex
1). Seamless Integration With Route Providers on LeoDex
TTSLA is now tradable on LeoDex via our Rango and Relay route providers.
TTSLA is listed on Uniswap on the Base Blockchain. You can find it by searching "TTSLA" on LeoDex or going directly to the USDC -> TTSLA swap page.
2). Pragmatic Expansion
As you can see, there is only 1 RWA live right now. TTSLA is the first of many RWAs to come to LeoDex through this partnership with LeoStrategy. LeoStrategy is focused on pragmatically expanding their offerings.
This focus on safely launching each RWA is what we love to see. LeoStrategy is launching 1 RWA at a time and utilizing raised capital to consistently increase their balance sheet of LEO holdings. As their LEO holdings expand, their capacity to launch future assets expands while making all previously launched assets continuously over-collateralized.
3). Backed by LEO, Growing LEO
Each RWA is backed by LEO with the profits earned from existing + new RWAs buying more LEO for LeoStrategy's balance sheet. This means each RWA serves to make LEO a healthier economy. Driving more profits into LeoStrategy leads to more LEO being purchased on the open market and permanently staked on their balance sheet.
These RWAs also grow LeoDex's offerings and Unique Selling Point (USP) to the marketplace. We are building LeoDex to be "The Everything DEX" and with this means bringing real-world assets onto the blockchain. What better way to do that than to partner with LeoStrategy to bring RWAs to the market that are instantly accretive to the LEO Token Economy.
TTSLA is in Presale
LeoStrategy's Presale of TTSLA is live right now. You can trade this presale directly on LeoDex. The presale is priced at a 20% discount to the market value of TTSLA (1:100 TSLA). A limited amount of $100k TTSLA is for sale right now at $3.55 from LeoStrategy.
About 84% of the presale remains and once it is sold out, TTSLA will instantly trade in the open market. The TTSLA price will organically magnetize to its 1:100 peg. Any deviations on this peg are governed by the rate policy mentioned above.
To learn more about TTSLA, please visit the LeoStrategy TTSLA Docs.
To trade TTSLA in presale, swap it directly on LeoDex.
To buy TTSLA's presale on HE, trade it on TribalDEX.
Disclaimer: Please understand the risk of digital assets before diving into any crypto trade. TTSLA is a tokenized synthetic RWA that is backed by LeoStrategy's growing treasury of LEO holdings. Understanding the risks associated with both LeoStrategy and LEO are critical before owning TTSLA exposure. LeoDex is not associated with the presale of LeoStrategy's TTSLA token and is merely providing a trading platform to access the TTSLA token via our Uniswap route providers. Any trading of these Digital assets is to be done at the discretion of the end user.
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