Most tokenized gold just sits there. You hold it, you look at it, and that's the whole product. That never sat right with me. If the metal is real, I should be able to use it. STRATO is doing the less common version of this. GOLDST and SILVST are tokenized gold and silver, one token per troy ounce, vaulted in New York and audited monthly. you can mint USDST against that collateral, or against ETH and BTC, up to 80% LTV, and still keep exposure to the asset. DefiLlama currently shows $4.69M in active loans on the protocol. that's the number I'm watching. it means people are already borrowing on the protocol, not just holding the tokens. Tokenized metals are one of the collaterals you can use. That's HardFi in plain terms. Real-world assets that plug into credit, trading, and savings on one chain,instead of sitting in a pretty wrapper. It is still borrowing. there are fees, and if the collateral moves the wrong way there is liquidation risk. treat it like any other CDP, not like free liquidity. TGE is expected in Q4 2026. I'd rather see the loan book stay real than get excited about a date. via @strato_net https://t.co/OGJ0DAbwvJ Not financial advice, DYOR