RE: RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown
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RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown

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It is mathematically impossible to be a "loss" as the yield is used to buy tokens in equal proportion off the market

Your SURGE (or other RWAs) become equally more valuable in relation to the yield that would've been paid

If for example you were due $1,000 in yield over the next 2 weeks and that $1,000 is instead used to purchase SURGE off the market and permanently remove it, then $1,000 in equity gain occurs on your SURGE; then you are still net up $1,000.

This will be amplified beyond the yield buybacks as the market re-pegging event will be accelerated by people acknowledging the re-peg is happening.

Let these changes sit for 1 week and you'll see. A lot of reactions right now to something nobody has let marinate for even 1 cycle of yield