RE: Why I Chose SURGE:LEO on Hive-Engine over SURGE:USDC on Base?
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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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If it is safe to assume the price of SURGE would eventually go higher, than no, the APR is higher than 15% because of the discount. But if Leostrategy would have issues with collateral at some point, then all their products would be affected. Right now they are well over-collateralized, but the pain points would be during the bear market, most likely.