LeoStrategy is a permanent-capital vehicle and our mission is to acquire LEO and permanently stake it. We're building a financial network on top of the LEO Economy and this financial network features the release of tokenized assets with distinct purposes: Income, Exposure, Stability or Asymmetric Upside.
In this post, we'll break down the existing asset stack and talk about one of the core value propositions that LeoStrategy aims to bring to the table: building a portfolio onchain.
The future is tokenized and the largest figureheads in finance are now sprinting to try and win this race. Larry Fink from Blackrock, Robinhood and JPM Chase are all saying that "the future is tokenized RWAs onchain".
Well, we at LeoStrategy are tired of seeing the behemoths get richer and richer. Instead, we fight for you: the retail investor.
We are picking up the torch where Robinhood never properly carried it. The whole point of Robinhood was to empower the individual retail investor. We don't see this happening.
Think about LeoStrategy for a second:
- We are tokenizing assets onchain (like Robinhood, Blackrock)
- We have our own internal market makers (like Citadel)
- We are delivering onchain yield (daily for RWAs like TTSLA, weekly for fixed income instruments like SURGE)
- We are delivering decentralized banking-like services (soon, collateralized lending on LEO will go live)
.. Instead of TradFi getting richer, all of this economic value flows back to YOU. The LEO Hodlers and Lions. 100% of LeoStrategy's profits purchase LEO off the market and perma-stake it. Any revenue before profit is used to flow dividends to (daily or weekly yield) SURGE & TTSLA Holders.
LSTR: High-Grade Exponential LEO Exposure
LSTR is the LeoStrategy fund token. If you want exposure to our growing LEO Per Share (LPS), then LSTR is for you.
LSTR gives you what is essentially a leveraged upside/downside play on LEO. If you believe LEO will succeed in the long-run and you believe that LeoStrategy will continue to increase LEO Per Share, then LSTR is investment-grade exponential LEO Exposure.
Right now, LPS is roughly 38.15 per LSTR share. This means that there are 100,000 LSTR shares and ~3.815M LEO in the LeoStrategy perma-staked vault.
As we grow our LEO Holdings, the LPS expands. With LEO worth ~$0.10 today, this means that 1 share of LSTR should be worth $3.815 (at an mNav of 1:1).
Most Strategy companies trade at an mNAV Premium because the market values not only their treasury holdings (in our case, LEO) today, but the market also considers their future expected treasury holdings aka the growth in LPS.
LeoStrategy delivers triple digit APR in LPS Yield terms. This means that our LPS is growing at more than 100% per year.
SURGE: Onchain Fixed Income Instrument
SURGE is the very first LeoStrategy derivative. It is an onchain fixed income instrument. When you buy 1 SURGE, you get $0.15 per year paid out every week.
If you buy 1 SURGE for $1, then you get 15% effective APR.
However, since SURGE is a fixed income instrument, if you buy it below $1 then you get a higher effective yield.
For example, if you buy it at $0.70 (today's price), then you get an effective APR of 21.42%. This higher effective APR is because you get the same yield on a lower cost basis.
SURGE has a floor price of $1. If it is trading below $1, it means that the market is pricing it discounted relative to its floor price.
This is not a failure of mechanics, its a market signal that SURGE is undervalued and hodlers have sold SURGE to flip to other assets (possibly in times of higher volatility, as they are seeking risk-on assets as opposed to stable, reliable yield).
SURGE also offers convertibility to LSTR Equity Tokens. This makes SURGE effectively a convertible bond-like instrument. Which means you can buy it today and earn yield while you wait for LSTR to rise in price. LSTR's rise in price will lead to SURGE rising in price (due to the convertibility to LSTR Equity).
When you want stability + income & future upside, SURGE is the product for you.
TTSLA: LeoStrategy's First Real-World Asset (RWA)
TTSLA is Tokenized Tesla and represents our first RWA on the LeoStrategy Launchpad.
Our Launchpad for RWA's is designed to launch any Real-World Asset the fund desires to release. TTSLA was a logical first choice for this launchpad.
Tokenized Tesla offers:
- 1:100 TSLA exposure (1 TTSLA = 1/100th TSLA Share in terms of stated floor price)
- Daily yield
- Onchain
- Composable with DeFi
- Overcollateralized by $LEO held on LeoStrategy's balance sheet
If you want TSLA exposure onchain with daily yield, TTSLA is the product for you.
TTSLA operates on a rate policy model very similar to how the FED operates interest rate policy to cool/heat demand for the economy.
TTSLA operates on a very simple model:
- The 1:100 TSLA:TTSLA correlation is defined as the floor price for TTSLA
- The daily fluctuations around this correlation can lead to a deviation of the correlation
- If this correlation dips, then the TTSLA daily yield increases
- Increasing yield leads to more demand for TTSLA which drives the price back toward its 1:100 TSLA:TTSLA correlation
The yield policy is 100% onchain, predictable and transparent. We actually have an AI Agent who publishes the TTSLA Correlation every 1 hour on Threads.
You can see the threads and also the next policy rate (which is based on the 3D Moving Average of TSLA:TTSLA's correlation) by looking at the threads posted by @ttsla.yield every hour.
Due to some early presale deviation, we're seeing the next yield policy spike from 5% APR to 20% APR this coming Monday.
The presale of TTSLA included a 2x yield boost for any presale buyers.
If you bought the TTSLA Presale, you got a 20% discount on the TTSLA Floor Price. You also got a 2x yield boost for 60 days. That yield boost is in effect for another ~53 days.
With the yield policy shifting to 20% APR, paid daily; TTSLA Presale Buyers will begin earning 40% APR, paid daily starting this coming Monday November 17th.
We designed TTSLA's presale slightly differently than LSTR & SURGE. Part of this design upgrade was due to the early volatility felt after a presale ends.
When a presale ends, you may see some early flipping. This leads to the price of presale assets trading in a range between their presale price and their floor price.
We want to reward anyone who buys a LeoStrategy Presale. We designed the yield boost mechanic to do just that. By having a yield boost, you can safely buy a LeoStrategy presale and know that you are earning a higher yield for 60 days. This rewards HODLers who buy the presale and patiently sit back and collect 2x yield while waiting for the floor price to take hold.
Announcing TGLD: LeoStrategy's 2nd RWA Coming Soon
As we said, our #1 goal with Presales is to ensure that Lions perform incredibly well while getting the best slice of the pie of each new asset we release.
For the first time ever, we are now pre-announcing the next LeoStrategy presale.
On Monday November 17th, we will release TGLD.
TGLD is Tokenized Gold and operates on the same RWA Framework we built for TTSLA. The framework is already performing marvelously for TTSLA as it finds its initial footing and takes the floor price for 1:100 TSLA:TTSLA.
Tokenized Gold will offer:
- Onchain Gold exposure
- 1:100 with GLD ($376 GLD = $3.76 TGLD)
- Daily Yield (base APR of 3%. Same peg policy mechanics as TTSLA)
- 2x Bonus Yield for 60 days for any presale buyers
- Dutch Auction on the presale yield (same as TTSLA). If you buy the presale, you will earn the fully TGLD yield pool on a competitive-weighted basis. For example, TTSLA's presale had each user earning ~80% APR to start and as more presale was sold out, the yield auctioned its way to 3% APR. When the presale ends, it then becomes governed by the peg policy (identical to TTSLA)
We have another interesting mechanic coming for TGLD's presale that is designed to further incentivize presale buyers who buy TGLD and HODL post-presale. This will be an interesting upgrade to the presale mechanics we've introduced with TTSLA.
Prepare for TGLD!
TGLD will be the 2nd RWA launched by LeoStrategy. We have a vision of tokenizing the world's greatest assets and putting them onchain. Backed by LEO, for LEO.
Ambassador Program for TGLD
PSA We are launching an Ambassador Program for TGLD's launch. If you write about precious metals, Gold, etc. on Hive or X, we would love to chat with you about joining our limited Ambassador program. We only are allowing 10 core ambassadors for the initial round. If you'd like to be a core ambassador, please leave a comment below and tell us the best way to get in touch with you (Discord, Telegram, etc.).
Posted Using INLEO
We asked for Tokenized Gold next and I'm glad we will be having it as the 2nd RWA on chain by you guys, although I never expected it this soon. You guys never sleep, always on the go.
I'm looking forward to the presale launch. Congratulations in advance. 🎉