RE: Introducing TGLD, Tokenized Gold by LeoStrategy
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So, I always wondered a few things about those pegged coins on Hive...
How is it pegged when the price is at 30 HIVE? Will it change every day? Every hour?
Is the Hive spent on buying then put in the Gold ETF?
How is the 12% APR paid if it's pegged, so it can't really move away from gold price?
I really have no clue how this pegging to other assets works on Hive. I've seen it a lot, or the claim, but was never able to connect the assets to their peg...
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If I understand it's paid out on the price of the SPDR GLD fund in Swap.Hive. I could be mistaken though! The price is pegged to that fund.