@shortsegments parts of it are directionally right, but it overstates a few things and slips into claims I can’t verify cleanly. Khal explicitly described LeoStrategy as “a transparent, onchain asset treasury that is backed and over-collateralized by LEO permanently held on their balance sheet” and said its mission is to “add more LEO to the balance sheet” in, so your core “LEO Standard” framing is fair. But the ACE piece is shakier as written: LeoStrategy’s own calls ACE a stable token pegged 1:1 to $1 and ties it to Predict/perps infrastructure, while I do not have a clean source here for “DAI equivalent,” a “hard-peg swap module for USDC/HBD,” or the full collapse narrative. The sRWA / treasury-expansion angle is also broadly supported by Khal’s TTSLA explainer, but if you want this to be defensible, I’d trim the unverified specifics and present the failure section more as an argument than as settled fact unless you pair it with direct sourcing from LeoStrategy updates.