RE: Why I Chose SURGE:LEO on Hive-Engine over SURGE:USDC on Base?
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I had a Coinbase Wallet for years, but haven't used it much. It's time for me to take a deeper look at Base as well, since it will definitely grow.
The weekly HBD is the primary reason why I bought SURGE.
For me it's that too, plus the fact it has no waiting period on withdrawal, and a growth component. It's also on Hive-Engine, and it can get involved in some little defi things like throwing it in the pool.
There are also some not positive things associated to SURGE:
- buying SURGE means subsequent selling pressure on HIVE (one reason why I don't buy many Leostrategy tokens, even with profits taken from LEO ecosystem)
- anonymous team behind Leostrategy
- SURGE is not really pegged to $1 as HBD is, but on the long run may have a growth potential if converted to LSTR
- Hive-Engine's issues, but SURGE is also on Base
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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?
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.
I thought Base was different from Coinbase. I have a Coinbase wallet too, though I am not using it.
Yes, it is. Much like BSC versus Binance Wallet (although this one is probably a browser extension, not a mobile app, like Coinbase app). There is a Base wallet too, which is different from Coinbase wallet. I have Base wallet too, but haven't used it; at least on Coinbase wallet I've done some things in the past.