SURGE is a perpetual preferred tokenized share of LSTR (LeoStrategy's core token), launched by LeoStrategy as a fixed-income derivative in the LEO ecosystem. It's designed as a downside-protected hedge: $1 floor price via liquidation preference (paid first in any fund dissolution), unlimited upside through 1:50 conversion to LSTR (e.g., converts profitably if LSTR >$50), and weekly dividends paid as HBD, USDC, or LSTR. Presale was limited (now sold out, trades ~$1+ on Hive-Engine/Base via LeoDex); MM profits and inflows keep it liquid.

Yield is fixed at $0.15 per SURGE annually (15% stated APR at $1 face value), paid weekly (~$0.00288/SURGE every Monday at 0:00 UTC via snapshot). Effective yield rises if bought below $1 (e.g., ~18.5% during presale at $0.81). Sources: Initial presale runway + ongoing LeoStrategy revenues (LSTR yields, MM profits, Base/LeoDex inflows, ATM issuances)—all reinvested into more LEO stakes for sustainability. Manage via @surge.yield bot on Threads for stats/prefs. Details