Day of 2026-03-10: yields⏸️ and liquidity 🚶
Yields still Halted
The yields associated with LEOSTRATEGY sRWAs are still halted. More recently, the same pattern appears to be affecting $SURGE, which is also late in producing yield.
When yield mechanisms pause simultaneously across related structures, it raises questions about whether the slowdown is temporary or structural. It has to be the later. At the same time, attention from leadership, referred to here as “the chairman”, is focused on promoting additional use cases that appear disconnected from the current operational state.
From a trading perspective, this distinction matters. New use cases can be discussed and promoted, but the primary signal remains the actual functioning of the mechanism that generates yield. The diversion by stating these things are not connected, narrow the realm of conclusion possible, but they're not aware of that or don't care.
But let's see when people will see the promised payouts - this time 🙄
Tactical swaps with $SURGE on $Base
During this period I executed several swaps involving $SURGE on $Base. The objective was not to increase directional risk but to improve positioning through execution. These swaps resulted in increasing the overall SURGE exposure to 400 units.
Portfolio Snapshot (8 Mar↪️10 Mar '26)
Instead of tracking every movement during the past days, I compared two fixed portfolio snapshots. This approach reduces noise and highlights the net change in positioning and valuation.
Balance Comparison
Asset | 8 Mar Value ($HIVE) | 10 Mar Value ($HIVE) | Change | Trend |
|---|---|---|---|---|
$BBH | 307.64 | 305.97 | -0.54% | 📉 |
$BBHO | 174.41 | 166.48 | -4.55% | 📉 |
$DAB | 950.71 | 952.28 | +0.17% | 📈 |
$LEO | 4592.65 | 4622.54 | +0.65% | 📈 |
$MATIC | 904.66 | 897.22 | -0.82% | 📉 |
$SURGE | 7818.48 | 7804.92 | -0.17% | ➖ |
$TGLD | 591.92 | 591.92 | 0% | ➖ |
$TNVDA | 884.38 | 884.38 | 0% | ➖ |
$TTSLA | 1380.48 | 1388.88 | +0.61% | 📈 |
Daily Volume Landscape
Liquidity conditions across the ecosystem provide additional context for trading decisions.
# | Symbol | % of Volume |
|---|---|---|
1 | HBD | 0.22 |
2 | CENT | 0.13 |
3 | SPS | 43.99 |
4 | BBHO | 24.60 |
5 | ACE | 13.06 |
6 | MATIC | 10.43 |
7 | BBH | 2.40 |
8 | ALIVE | 2.12 |
9 | STARBITS | 1.07 |
10 | TTSLA | 0.82 |
Two structural features emerge from this distribution:
First, volume concentration is high, with SPS dominating liquidity relative to other tokens, for the first time, despite the every increasing $HIVE value of $SURGE.
Second, many assets operate in comparatively thin markets. Thin liquidity environments require careful order sizing and patience, as even modest trades can influence execution price.
This period highlights a familiar pattern: yield mechanisms pause, narratives attempt to fill the gap.