You are viewing a single comment's thread:

RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown

last week

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.

0.01882845 BEE

3 comments

@darth-azrael73

4 days ago

0.00177913 BEE

@leostrategy69

last week

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.

0.00000129 BEE

@caspermoeller8966

yesterday

The yield is still paid. It is paid directly into buybacks

See. It's paid. Paid to themselves.
Imagine if your employer did that 😂

0.00000000 BEE