RCBF is now LIVE in Beta
We are running a small beta test by utilizing the latest of our sRWAs - TNVDA - as the live guinea pig of the new RWA Conversion Balance Sheet Facility (RCBF)
- Send TNVDA to @rcbf
- Within 24 hours, sLSTR (Staked LSTR) will be sent to your wallet in accordance with the most recent publication of the rate (the rate posted by @tnvda.yield)
This feature allows you to convert sRWAs into cash through the LSTR token. In exchange, the LeoStrategy Treasury wallet is effectively purchasing your sRWA at a discount using LSTR tokens. The sRWA tokens are held in the @rcbf wallet and autonomously compound $LSTR as yield
*Note this feature is in beta and utilizes the 3D Moving Average of the NVDA:TNVDA correlation. Use it at your own risk
#askleo give a simple and concise 3 sentence + bullet point overview of what the RCBF is and how it works
RCBF (RWA Conversion & Balance Sheet Facility) is a LeoStrategy mechanism that lets users convert their synthetic Real-World Assets (sRWAs) like TNVDA into staked LSTR tokens, allowing cash-out via LSTR while LeoStrategy buys the sRWAs at a discount for its treasury.
It enforces tight pegs between sRWAs and their underlying assets (e.g., NVDA for TNVDA) using a 3-day moving average correlation, applying a "haircut" discount on conversions to ensure they're accretive to LSTR holders.
Currently in beta on TNVDA: Send tokens to @rcbf, receive sLSTR within 24 hours based on published rates from @tnvda.yield; risks apply as it's testing phase.
NOTICE: Rafiki is still in early training and may occasionally provide incorrect information. Please report errors using #feedback
It's a very good approach.
can I send hive-engine $TNVDA to @rcbf? How will you know where to send the sLSTR?
Awesome!!