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When the market is closed, you could view it as "premarket" or "after hours" type of trading. Most assets can actually trade outside market hours but are usually restricted to the big boy hedge funds
The design of LeoStrategy's RWAs uses yield policy to govern the peg. Without getting too much into the weeds, this means that if the peg drifts low; yield increases. If the peg drifts high, yield decreases
For example: if xNVDA is trading for 10% less than NVDA, then the yield policy will increase the yield on xNVDA to drive demand
If it continues to trend lower and diverge from NVDA (let's say 20% less than NVDA the next week), then the yield policy will increase the yield even more
The yield increase continuously to increase demand until the peg is regained. Other mechanisms like locking (Staking) can help to re-peg in large downturns. For example: if it de-pegs 30% to the downside, a window can open to buy and lock xNVDA for extra yield (increased demand + reduced float)
OK, so u get yield, where does that money come from, u're now paying to hold SURGE from what was paid for it, all income i see beeing posted is used to buy more Leo, would be great to also see some income beeing set aside for this