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RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown
The documentation is quite clear that "Emergency Mode" will be activated in times of extended severe deviations
Here's the good news: we had two options
- Let the status quo remain and tokens would continue to deviate to the downside. SURGE likely would be worth $0.25 in the near future but you would've gotten your 15% APR
- Temporarily divert stablecoin yields into rebased yields which still pays the yield but pays it to token rebasing (buybacks + removal from market) which leads to SURGE rising toward its peg of $1 where the stablecoin yields will then be turned back on. You're now 100% ROI from the current price + yield is back to paying HBD
It seems many aren't reading the mechanics of this before reacting.
0.00000000 BEE
Ok, if i can't read, then show me the post about Surge that has that table in it, that table came from the RWA tokens, those are TTSLA, TNVDA and TGLD, those had a peg defend mechanism, for Surge that was just u get paid 15%, if u can buy lower u get more, percentage wise that is, i never read anything about an emergency mode on Surge, but hey maybe it's that i can't read.