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RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown
I am not satisfied with this strategy because you just brought the strategy all of a sudden and you didn't ask the opinion of the investors.
Was price depegging fault of mine? Why should I pay my yield for repegging? I would love to get yield instead of price repegging.
As strategy already came I want to know how much time it will take to re pegged. 1 months or 2 months?
0.00000136 BEE
Your yield is getting paid directly into the tokens. This is how rebased yield works (many tokens in DeFi do it).
This is a temporary measure to re-peg assets. The net effect will be value appreciation from the current price that is worth multiple years of earning income while watching the tokens decline in price
This is in direct response to token holders asking what we will do about the consistent deviation of tokens
After a few weeks/months of this being in place and re-pegging the assets, then yield being flipped back to liquid rewards; nobody will be complaining
But I guess many wouldn't accept the idea if they knew their yield will be used for it.
For me it's loss. Now I need to sell certain amount of SURGE on weekly or monthly basis which wasn't in my plan.
ok. Let me see few weeks about the price recovery.
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I bought the token for the "potential" of price appreciation and the guarantee of yield while I waited on that potential. That was it's design was it not? Just because the price depreciates doesn't make it a good idea to change midstream.
On the RWA's sure. Not on the preferred shares. They are not the same.