Liquidity has been added folks!
TTSLA Trading is now LIVE on both HE and Base. TTSLA is priced at $4.29 which is exactly 1:100 the closing bell price of TSLA
As early Presale Volatility takes place, we'll see how TTSLA Performs around its 1:100 peg to TSLA
Remember: TTSLA is designed to trade at a soft 1:100 peg to TSLA
This means that it is governed by yield dynamics. If it de-pegs to the downside, then the APR to buy and HODL TTSLA increases. If it de-pegs to the upside, then APR decreases
Rate Policy is how currencies are governed to have specific dynamics. We built TTSLA in a very similar manner
All rate policies are in the documentation for TTSLA. It is 100% onchain and transparent. The @ttsla.yield account posts about rate policy every 1 hour. Every 7 days, the new yield rate is set
If TTSLA trades below the peg by Monday, then the rate policy will adjust higher
