Backed by Direxion's TSLS — 1× daily Tesla exposure, on-chain.

TSL1S is a SHIFT Series Token — a 1× position on TSLS, tokenized on Solana. Every token represents one membership interest in the Series. You can hold it in any wallet, use it as collateral in DeFi, or redeem it 24/7 against the underlying's value. Custody of the Series assets is held by Alpaca Markets; reserves are verified continuously. Like all leveraged products, TSL1S targets daily returns — compounding over multiple days can diverge significantly from the simple multiple. By joining the Series and holding the TSL1S token you agree to the Operating Agreement of the Series.

Risks are related to the Series Assets, the Token, the Technology, and to third-party operations.

The important part: this Series (membership interest) token price can change daily. Because of the daily reset and the compounding of the Series Assets, holding them for long periods can produce results that differ a lot from simply holding the underlying assets directly. The underlying issuer explicitly warns that long holding periods and high volatility can materially affect performance.