TTSLA is 1:100 correlated with TSLA
This means that if TSLA goes up 69%, TTSLA goes up 69%
If TSLA reaches $500, TTSLA will trade to $5
This is governed by a yield policy-based peg. What does that mean? TTSLA pays a baseline 3% APR yield. If for some reason it temporarily trades below TSLA, the yield increases until the peg is regained
Is the yield auto-compounding as TTSLA or paid separately to TTSLA holders?
Similar to SURGE — they pay it as HBD (on HE) or USDC (on Base)
Then, users can opt-in to receive TTSLA (auto compound) or LSTR (more equity in LeoStrategy’s success)
Cool, thanks! Very good to have different options, and nothing but good options too 👍