You are viewing a single comment's thread:
RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown
The most recent liquid yield on SURGE was due a few days ago is that expected to be $0 liquid?
If the peg gets restored by buying the token in the market does our 15% yield come back? Or is the liquid yield gone forever?
Edit my suggestion if you have to stop the liquid yield:
Don't buy from market making bots. Most owners won't benefit from this - only the most sophisticated.
Earn income each week from your LEO and allocate the portion attributable to SURGE holders.
Allow holders to redeem on your website a portion each week for HBD at 0.90 if this is the goal.
I.e. if you think the income earned is $900 then redeem out 1000 SURGE tokens proportionally based on ownership as of a specific time.
And do that over time until you pay us back.
if the yield you promised a few months ago is not sustainable then the above method of repayment is steady and fair for all owners.
1). Effective immediately, 100% of stablecoin yield is used to buyback and permanently remove tokens (SURGE and RWAs) off the market and hold them inside the RCBF Treasury.
2). See the https://leostrategy.io/recovery page
3). Yield is not stopped, it is redirected to rebased buybacks. As a token holder, you still earn an identical amount of "yield" though during a recovery switch, this yield is folded as equity. Consider this: if your yield was $1,000 per week (just for an example) and that $1,000 is instead used to purchase SURGE off the market and permanently remove it from the circulating supply, then your equity value effectively increased by $1,000. Yield is still earned -- just as equity upside instead of liquid tokens
This upside is amplified by perception. As tokens are quickly rebased and revalued toward their peg, the market gains more confidence and pushes this beyond the natural buybacks. $1,000 in buyback pressure could actually = $2,000+ in equity gained. Once assets are re-pegged, stablecoin yields resume.
4). The RCBF already does this -> https://leostrategy.io/rcbf - and will be expanded in terms of functionality and "intelligence" in the coming days
Can you explain what account will buyback SURGE? And will you buy it every day or once a week?
Will it be a market order on hive engine?
or buys from hive engine, liquidity pools and off chain?
Final question. Is it accurate to say the liquid yield that was owed to me as of Sunday at 0:00 UTC will not be paid in HBD?
The reason I'm asking is you are making an announcement today - and backdating its effective date by the sounds of it.
View more