GM Lions,
As of this post, there is exactly 5 hours left on the TTSLA Presale. If you want to buy TTSLA with presale benefits, now is your last chance to do so:
- 20% discount to market value
- 2x Yield Boost for 60 days
The Base side of the presale has been selling out faster than the HE side. This is great to see as we are starting to see new entrants to the LEO and LeoStrategy Economy. We've recently launched our X Account and we are working on growing our following in the broader crypto ecosystem. Follow us there and share LeoStrategy content to help spread adoption of our LEO Ecosystem products.
5 Hours Remaining on the TTSLA Presale
There are now 5 hours left on the TTSLA Presale.
The TTSLA Presale is officially 70% sold out. The presale ends on whichever of the following two outcomes happens first:
- The TTSLA Presale sells out (only 30% left to go!)
- 6PM EST
Once the presale ends, we will deploy two liquidity pools:
- $5k in liquidity on TTSLA:USDC (Base)
- $5k in liquidity on TTSLA:LEO (Hive-Engine)
This $10k in liquidity will serve as the initial seed of trading for TTSLA. We'll monitor its success and consider more liquidity adds as we go. Also, the community is welcome to LP in these pools as well. The SURGE LP on Base is paying 30-80% APRs currently and the LSTR LP on Base is paying about the same. Their Hive-Engine equivalents (SURGE:LEO and LSTR:LEO) also pay high yields. This is due to organic trading volume and synthetic trading volume from our Market Making bots. This volume drives LP fees and therefore sustainable yield to anyone who pools assets in the LEO Economy!
The Price of TTSLA in these pools will be the closing bell price of TSLA today.
TTSLA is priced at 1:100 TSLA:TTSLA. So if TSLA is trading at $420, then TTSLA should be trading at around $4.20. This is governed by our policy peg model where yield for buyers increases if/when TTSLA deviates from the peg and yield decreases if/when it deviates from the peg to the upside.
As TTSLA trades on the open market, we will get a front row seat to seeing LeoStrategy's RWA Model working in the live environment. Our model is designed to grant synthetic exposure to Real-World Assets for HODLers of our RWA's like TTSLA.
Hold TTSLA if you want long-term TSLA exposure with tokenomic features:
- Onchain
- Trades 24/7/365
- Earns daily yield (3% - 20% APR depending on the Peg Policy rate)
- Composable with DeFi (pool it or use it as collateral for our future lending protocol)
Right now, TSLA is trading at $428. If this is the price at the closing bell, then TTSLA will be priced at $4.28 in the two LPs we launch.
What You Get If You Buy the Presale
The presale of TTSLA has been priced at $3.55. So this represents a 20% discount to the market price of TTSLA when it launches in the pools.
You also get a 2x Yield Boost for 60 days if you buy in the presale. A final snapshot will be taken today at 5:59 EST (right before the presale ends). This snapshot is of all the people who bought the TTSLA Presale.
This snapshot is then used to create a yield boost for 60 days following the presale.
- If the policy rate is the base yield (3%) and you bought in the presale, you will earn 6% APR. Paid daily
- If the policy rate increases to 10% because of the TSLA:TTSLA correlation, you will earn 20% APR. Paid daily
LeoStrategy Presales Are Designed for You to Succeed.
With the SURGE presale, buyers are up ~50% in HIVE terms and are up about 10% in USD terms (using the average SURGE entry price). On top of this, SURGE holders are earning yield every single day. As SURGE continues to magentize to its $1 floor price, SURGE presale buyers are going to continue to succeed and own an asset with downside protection and weekly yield while they wait for future LSTR Conversion upside.
With TTSLA, we added this 2x Yield Boost dynamic in order to sweeten the deal on the presale. We understand some of the SURGE Presale buyers who said they wish SURGE hit the $1 Floor Price sooner. We know that SURGE will eventually magnetize to the $1 floor price but it is unclear how long that might take. The market ultimately decides this.
For TTSLA, the 2x yield boost allows presale buyers to win in two ways instead of one:
- Win by TTSLA reaching its peg very quickly
- Win by getting 2x yield for 60 days on TTSLA
Either way, TTSLA Presale Buyers win after the presale. The market doesn't always price assets where our mechanics design right after a presale. This is largely due to the fact that people are buying with a discount. It is only natural that some will flip their tokens for a quick profit.
We designed TTSLA's presale so that whether you flip or HODL from the presale, you are a winner.
We will evaluate this model and see how it performs for future product launches. We believe it will be extremely effective at making presale buyers successful.
TTSLA Market Maker and TTSLA Manager
The TTSLA Market Maker is now deployed and awaiting the "go-ahead" from the presale ending. The minute the presale ends, our TTSLA Cross-Chain Market Maker will immediately go to work. This represents our 4th cross-chain market maker and will deliver profits daily to LeoStrategy. Inflows are used to pay TTSLA Yield. Any profits above and beyond that are used to purchase LEO and add them permanently to our balance sheet.
The addition of more LEO to our balance sheet further overcollateralizes TTSLA and SURGE. This overcollateralization leads to more safety around the TTSLA & SURGE Liquidation Preference (Stated Floor Price).
LeoStrategy is still very early in scaling our model. As we grow, all LeoStrategy products will become increasingly overcollateralized. This means that LeoStrategy products scale over time and become more desirable.
We are building the future of finance onchain and we are building a future that is backed by the most pristine onchain collateral in the world: LEO.
Buy the TTSLA Presale. You Have Less Than 5 Hours
If you want to buy the presale and get the following benefits, you have less than 5 hours to do so:
- 20% discount on TTSLA
- 2x Yield Boost for 60 days
Buy TTSLA:
- Buy TTSLA on HE: https://tribaldex.com/trade/TTSLA (or on Beeswap or Hive-Engine's core site)
- Buy TTSLA on Base: https://leodex.io/?in_asset=BASE.USDC-0X833589FCD6EDB6E08F4C7C32D4F71B54BDA02913&out_asset=BASE.TTSLA-0xe4868a135c8e1e21ffb5f611f5104ac9d492db0d&in_amount=1000