In this video, I do a deep dive on the Slide Deck that LeoStrategy made about Tokenized Tesla (TTSLA). TTSLA is a synthetic token that tracks the price of TSLA.
It doesn't track the price using some mint/peg mechanic that can create downward spirals. Instead, it uses a predictable "yield policy curve" that pays TTSLA buyers a yield for purchasing at various levels.
If TTSLA is trading below peg, you get a higher yield.
If TTSLA is trading at peg, you get a 3% yield.
In my opinion, this is a revolutionary product. We are on the verge of the tokenization of everything and seeing LeoStrategy lead this charge is something that is incredibly valuable to the LEO Token Economy.
TTSLA is 200%+ over collarteralized by LEO on LeoStrategy's balance sheet. The liquidation preference is 1:100 with TTSLA. The rate policy is deterministic based on the 1:100 peg with TSLA.
So if TSLA is $440, TTSLA is $4.40. If it deviates (say $4.20), then the yield increases from 3% to 5% or 10% (depending on the amount of the deviation). The yield increases to spur demand into TTSLA and bring it back up to the TSLA peg.
As TTSLA rises, the yield slowly recovers back to normal (3% baseline yield).
What a fascinating time to be a LEO holder. There is so much happening in our ecosystem. TTSLA is now LIVE on LeoDex and you can trade it with all major cryptos: https://leodex.io/?in_asset=BASE.USDC-0X833589FCD6EDB6E08F4C7C32D4F71B54BDA02913&out_asset=BASE.TTSLA-0xe4868a135c8e1e21ffb5f611f5104ac9d492db0d&in_amount=100.
Alternatively, you can also trade the TTSLA launch on TribalDEX.
Timestamps:
- 00:00 Introduction to Tokenized Tesla
- 00:51 Understanding Tokenized Tesla and Its Benefits
- 04:23 How Tokenized Tesla Works
- 09:12 Rate Policy vs. Mint Burn Peg
- 14:29 Peg Policy Framework Explained
- 26:58 Dashboard Preview and FAQ
- 31:18 Conclusion and Final Thoughts