@leostrategy's thread

We are currently modeling a conversion feature for LeoStrategy RWAs

The goal is to create tighter correlations and more active markets. The Yield Policy drives correlations slowly while a conversion feature can tighten the spreads with fast timelines

The conversion feature would allow buyers to convert RWAs at a rate that is set by the correlation to the underlying asset

For example: buy TTSLA at $3 and convert it at ~$4 if TSLA is trading over $400

This will lead to more profits for LeoStrategy:

1. Tighter correlations = less yield obligations as the pegs will hold stronger
2. The ability to convert = more confidence in future RWAs
3. Conversion events will trigger consistent trading = more Market Maker profits for LeoStrategy

If you have thoughts on this, comment below. We had a future system designed and were planning to release it later but are considering a sooner release of it with the current crypto market conditions hampering our RWA performance