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1y
Fantastic question! No - there will never be a forced conversion. In theory, you can hodl SURGE forever and earn the 16.67% yield on your cost basis
That being said, the economic incentive to convert is built in. For example, if you hold 500 SURGE when LSTR reaches $1,000, SURGE's conversion value would be 10 LSTR or $10,000.
The 16.67% yield is on your cost basis (not on the current value of SURGE). So SURGE's value is $10,000 but you're earning 16.67% yield on $500 ($0.15 per 1 SURGE = 16.67% effective yield on a cost basis of $0.90)
This is modeled after Microstrategy's STRK product
RE: Introducing SURGE | Earn Stable and Reliable 16.67% Yield