Introducing SURGE on Cross-Chain | $50,000 in Liquidity Deployed, $1 Floor Price

The wait is over folks - SURGE is now LIVE on Base. The SURGE Cross-Chain Oracle is live and you can now seamlessly convert to/from SURGE on Base <> SURGE on HE.

This is a major milestone for the LeoStrategy flywheel. We have now layered the foundation for deep liquidity, efficient markets and seamless cross-chain user accessibility.

Introducing SURGE on Cross-Chain | What Went Live

This was an incredibly coordinated effort with multiple moving pieces. To push these all live simultaneously took a lot of work from both our team as well as the LEO team who got the LeoDex side of things live.

• Oracle live at @surge.oracle (wrap/unwrap heSURGE ↔ SURGE)
• SURGE:USDC pool live on Base (tick-based liquidity deployment)
• SURGE:LEO pool live on Hive-Engine ($30k initial liquidity)
• Cross-chain MM active (arbitrage + LEO accumulation)
• LeoDex trading live

SURGE Oracle is LIVE

Let's start at the top of the list and work our way through it. The oracle is now LIVE which means you can seamlessly convert SURGE (HE) <> SURGE (Base). The fee is 2% and we will evaluate the market dynamics + cross-chain market maker continuously to see how this fee % performs.

More info on how to wrap will be in the how-to section of this blog post.

The SURGE:USDC pool is now LIVE on Base

The SURGE:USDC pool is now LIVE on Base via Uniswap V4. This pool has some interesting dynamics:

1. It is a concentrated liquidity pool -> this means you can provide liquidity in various ticks. It's a bit complex but the TLDR; is that liquidity is more efficiently used than a standard LP
2. It has a 1% LP Fee on every swap -> this means that every time a user swaps into/out of this LP, a 1% fee is earned by LPs. This is what is driving the large (and sustainable) APR for providing SURGE:USDC liquidity. The APR is already 273% and will likely grow with time

The initial seed liquidity is $20,000 here. $10,000 added at launch and $10,000 in strategic tick adds over the first few hours of trading (through the CLP dynamics to support the $1 floor price).

You can track the LP/provide liquidity here on Uniswap.

The SURGE:LEO Pool is LIVE on Hive-Engine

The SURGE:LEO pool is now LIVE on Hive-Engine. You can trade and provide liquidity in this LP as well. The initial seed liquidity is $30,000 USD.

This makes SURGE:LEO the 3rd largest LEO Liquidity Pool on Hive-Engine.

You can find, track and add liquidity to the SURGE:LEO pool on Beeswap or TribalDEX.

Cross-Chain MM is Active

The SURGE cross-chain market maker is fully live and actively trading the SURGE:USDC and SURGE:LEO Liquidity Pools.

The MM is generating profits and just hit $50 in profits after 12 hours of actively trading the pairs. Combined with our LEO Cross-Chain MM, this is about $300 in 24 hours or $9,000 per month or $108,000 yearly.

Keep in mind, the LSTR Cross-Chain debut has not happened yet. When it does, all of these same dynamics will be live for LSTR as well (the same cross-chain oracle and pools setup as SURGE). This means more profits for the LeoStrategy Market Makers.

100% of the profits from the market makers buy $LEO and overcollateralize our LeoStrategy product suite. Adding LPS Growth (LEO Per Share) for all LSTR holders and making SURGE's Liquidation Preference more secure.

LeoDex trading live

HUGE thanks to the LeoDex team - SURGE on Base is now tradable on LeoDex! You can swap to/from SURGE seamlessly using the LeoDex interface.

To trade SURGE on LeoDex, just search SURGE or go straight to this link.

How-To's

We want to encourage YOU the community to write some blog posts and spread the word about SURGE and how it all works. In this post, we'll do a quick overview of how-to do the 3 major features related to SURGE on Cross-Chain. The community should pick up where we left off and do lengthier guides.

• Bridge SURGE HE ↔ Base
• Swap on LeoDex
• Pool SURGE:USDC on Uniswap

How to Bridge SURGE HE ↔ Base

To Bridge SURGE to Base, you just need to send SURGE to @surge.oracle with your EVM Wallet Address as a memo.

To bridge SURGE from Base to HE, you need to interact with the contract on Basescan directly using the "ConvertTokenWithTransfer" operation.

You can find that here.

We are working on our LeoStrategy Dashboard App which includes the ability to bridge SURGE (and LSTR) through the App Directly. If you would rather wait for the frontend to be live, you are welcome to do that.

In the meantime, you'll need to bridge manually by sending SURGE to the oracle with the proper memo or by interacting with the Base contract directly.

Swap on LeoDex

Swapping SURGE on LeoDex is as easy as swapping any other token! Did you know: you can also swap SURGE with native L1 assets like BTC?

Use LeoDex to find your BEST SURGE Swap.

Pool SURGE:USDC on Uniswap

To pool SURGE:USDC on Uniswap, go to this URL. Then click "Add Liquidity"

Uniswap will then walk you through the process of adding liquidity. Keep in mind that this is a concentrated liquidity pool which means that you can add liquidity in any range that you desire. This makes your liquidity more efficient and helps you earn more fees (but does require more active management).

SURGE's Reflexivity

SURGE is a reflexive instrument. This means that as the price of SURGE trades around the $1 floor price, the dynamics seek to maintain a $1+ minimum price band.

SURGE has unlimited upside - meaning it can trade for $1, $3 or $5+.

It has a floor price of $1. This floor price is set by the liquidation preference and governed by market forces. If SURGE trades below $1, then the demand to purchase SURGE increases.

We made this chart to help illustrate:

For example, let's say SURGE trades down to $0.80. Now the profit to a $1 re-peg = 25% instant profit.

While you wait for this 25% instant price profit, you are getting paid an effective yield of 18.75%. This effective yield is due to SURGE being a fixed income instrument. Since the income (yield) never changes but you can buy it cheaper than $1 (if its trading below peg), you will actually earn a higher effective yield based on the principle cash you invested.

SURGE will always seek to trade over $1. The $1 floor price is a floor price. The ceiling of SURGE is uncapped.

Since the presale just ended, expect some volatility in these early days but always remember: SURGE is designed to act like a rubber band. As the price of SURGE goes down, the demand momentum heats up and seeks to re-price it back over $1.

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Posted Using INLEO