The rewards go to acquiring more LEO, increasing the NAV of Leostrategy.
As for collateralization, the underlying is not available to the coin holders but the LSTR token might be collateralized. I am going to push for that when collateralized lending hits Maya or one of the other protocols.
How would they pay the LSTR holders the rewards? In Leo or USDC? Collateral against LSTR would be available for the holders?
The rewards go to acquiring more LEO, increasing the NAV of Leostrategy.
As for collateralization, the underlying is not available to the coin holders but the LSTR token might be collateralized. I am going to push for that when collateralized lending hits Maya or one of the other protocols.
how are sales?
I see at this rate LSTR would compete with BRO and SPI if there comes some incentive to invest.