RE: Introducing SURGE | Earn Stable and Reliable 16.67% Yield

Well, if LSTR is well above $50 and SURGE can be converted at any time, then for arbitrage reasons SURGE would always be 1/50 of LSTR price (at least once you're done with ATM and SURGE supply is 2m) no?

So maximum dilution is actually 40k LSTR if 2m SURGE is reached. I think that's completely irrelevant, as it will only happen if LSTR is performing well, and then dilution should be okay.

Will you be using the remaining LSTR in treasury for similar vehicles like SURGE in the future?

I have my fingers crossed, if this works out, you'll sure be able to repeat that and LEO will really moon.