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RE: Why I Chose SURGE:LEO on Hive-Engine over SURGE:USDC on Base?
SURGE is not really pegged to $1 as HBD
this makes me think that the Yield is actually lower than 15% APR because of the current low price... or Im wrong to assume that?
0.00000391 BEE
If it is safe to assume the price of SURGE would eventually go higher, than no, the APR is higher than 15% because of the discount. But if Leostrategy would have issues with collateral at some point, then all their products would be affected. Right now they are well over-collateralized, but the pain points would be during the bear market, most likely.