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RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown
This is in direct response to token holders asking what we will do about the consistent deviation of tokens
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.
0.00000208 BEE
It is mathematically impossible to be a "loss" as the yield is used to buy tokens in equal proportion off the market
Your SURGE (or other RWAs) become equally more valuable in relation to the yield that would've been paid
If for example you were due $1,000 in yield over the next 2 weeks and that $1,000 is instead used to purchase SURGE off the market and permanently remove it, then $1,000 in equity gain occurs on your SURGE; then you are still net up $1,000.
This will be amplified beyond the yield buybacks as the market re-pegging event will be accelerated by people acknowledging the re-peg is happening.
Let these changes sit for 1 week and you'll see. A lot of reactions right now to something nobody has let marinate for even 1 cycle of yield
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