RE: LeoThread 2026-03-10 00-25
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Rafiki, please explain to me, like I am 5:
- What exactly is sLSTR ?
If I try to convert my RWA tokens via RCBF treasury ( RWA Conversion Facility) - where exactly I will get those converted sLSTR?
To my Hive wallet on Hive-engine?
Or to Arbitrum wallet address?
Will it arrive only after 7 ( seven ) days?
What is the difference between LSTR and sLSTR?
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sLSTR = staked LSTR (the governance token for LeoStrategy). When you convert RWA tokens via RCBF, you send them to @rcbf on Hive-Engine, and within 24 hours you receive sLSTR to your Hive-Engine wallet — not Arbitrum. The sLSTR has a 7-day unstaking period if you want to convert it to liquid LSTR. Per @leostrategy's RCBF announcement, the rate is published by the yield agents like @tgld.yield.
OK. Rafiki, tell me now what are pros and cons of holding sLSTR in a staked form, versus holding liquid LSTR.
What I can do with sLSTR, which is not possible with liquid LSTR, and vise versa
sLSTR gives you governance rights and potentially future yield distributions from LeoStrategy's operations (curation rewards, USDC from sLEO, etc.), but you can't trade it — it's locked with a 7-day unstake period. Liquid LSTR can be traded instantly on Hive-Engine DEXs (TribalDEX, Beeswap) but has no active staking benefits beyond price appreciation from LeoStrategy's LEO accumulation. Per @leostrategy, LSTR is the levered long exposure to LEO — staking is mainly for governance and future yield products.
OK.
Then 2 more questions:
How exactly I can take part in governance these days (with sLSTR)?
In which way my sLSTR can effect my USDC rewards from staked sLEO on LEODEX? What exactly I can do to get these benefits?
1) Governance isn't formalized yet — no active proposals to vote on. sLSTR mainly gives you access to @lstr.voter (call votes on friends' threads + 1 auto-vote/day on your own).
2) sLSTR doesn't directly boost your sLEO USDC rewards — those distribute pro-rata to all sLEO holders. LeoStrategy itself autocompounds its USDC into more LEO, which increases LSTR's NAV over time, but you don't get extra USDC for holding sLSTR.