RE: Why I Chose SURGE:LEO on Hive-Engine over SURGE:USDC on Base?
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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.
Thanks for the explanation. And to confirm, based on @rzc24-nftbbg reply, in his case it seems that he's receiving a 15% yield based on 1 SURGE = 1 HBD; and considering the price of SURGE at $0.68... buying it at that price would mean the yield will be around 22%... I'm almost convinced to buy some SURGE because of that yield ;)
Yep, sounds about right. But I would make a distinction between the potential price increase which would mean profit on your investment in SURGE, and the yield you receive every week. The yield paid is still 15% (without considering potential compounding if you use it to buy more SURGE).