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RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown
The yield is still paid. It is paid directly into buybacks which drives the price up an equivalent amount
We gave this model a lot of time to prove that yield could create organic demand. It did not. The tokens have a very specific mechanism built-in for sustained periods of downturns
We could:
- Not do this and keep paying yield while the tokens deviate continuously (TTSLA was -60% deviated as of today)
- Temporarily divert stablecoin yield to buyback tokens cheap, perma-hold them in the RCBF and re-peg the assets. Then set stablecoin yield back to normal
Read the whole post please.
0.00000000 BEE
And this solution is comming from the same genius mind that thought it was a good idea to sell that many tokens in a limited community, in a short time and think that by some magic that community has more money then they need and just keep buying them, u released the 3 tokenized tokens so close after eachother that u couldn't even know that the peg mechanism would work. Now with this u break the trust as u change the contract, that "Temporarily" is going to be everlasting as all those that now feel like the trust is gone will sell against u to just swallow an acceptable loss and be glad that they get at least that back. I stopped buying after i had that figured out, sadly i was in too deep with surge to just take my loss, so i used that yield for something else in the hope that i wouldn't get screwed again, but there goes my plan.
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