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RE: Why I Chose SURGE:LEO on Hive-Engine over SURGE:USDC on Base?

@rzc24-nftbbg69
LeoFinance

In my case, it' familiarity with Hive Engine. I am clueless about how Base works. The weekly HBD is the primary reason why I bought SURGE.

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@curamax79

the current value of Surge is around $0.68 (supposed to be $1), so does the current price affects the amount of Yield? are you receiving much lower because of that?

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@gadrian76

The yield does not depend on the price of SURGE, from my understanding. The APR of your investment does, and it would be higher if SURGE goes up compared to your purchase price, and lower (even negative) if it goes below your price of purchase. But if you don't sell, that's not something you should be concerned about. Yield is the same, and it depends on the number of SURGE you have, not on their price. However, I haven't done the math to see if this is correct or we actually receive a variable yield. That would be easy to notice. If you have had the same amount of SURGE from one week to another, if it pays a fixed yield (15%), it should be an identical HBD yield received every week. If it is variable and depending on the price, then HBD yield received would vary from week to week. I have had increasing amounts of SURGE, so it is not easy for me to notice that. Even harder now in the diesel pool, where the SURGE amount varies constantly.

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@rzc24-nftbbg69

I am not aware of the exact percentage. All I see is that I am receiving 0.432 HBD every week, holding 150 SURGE.

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@gadrian76

I had a Coinbase Wallet for years, but haven't used it much. It's time for me to take a deeper look at Base as well, since it will definitely grow.

The weekly HBD is the primary reason why I bought SURGE.

For me it's that too, plus the fact it has no waiting period on withdrawal, and a growth component. It's also on Hive-Engine, and it can get involved in some little defi things like throwing it in the pool.

There are also some not positive things associated to SURGE:

  • buying SURGE means subsequent selling pressure on HIVE (one reason why I don't buy many Leostrategy tokens, even with profits taken from LEO ecosystem)
  • anonymous team behind Leostrategy
  • SURGE is not really pegged to $1 as HBD is, but on the long run may have a growth potential if converted to LSTR
  • Hive-Engine's issues, but SURGE is also on Base
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@curamax79

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?

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@rzc24-nftbbg69

I thought Base was different from Coinbase. I have a Coinbase wallet too, though I am not using it.

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