RE: SURGE is the First Hive-Engine Product to Offer Limited Downside + Unlimited Upside and 19% Yield While You Wait
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The conversions to LSTR will likely be spread out and there are a number of reasons for this
Many SURGE buyers are looking for downside protection and upside exposure in the long-run to LSTR while getting paid yield every week to HODL. This is the value proposition SURGE provides
Most conversions from SURGE to LSTR will happen later on. Why? Because many would rather HOLD the SURGE and get paid a dividend while LSTR rises. Afterall, they can convert to LSTR at any time. LSTR does not pay a dividend but SURGE does. Therefore, many will stick in SURGE even when LSTR is $100+
This effect allows conversions to take place at a variety of prices and timeframes because each user has unique needs. Majority of SURGE conversions will be when people want to cash out to fiat or some other crypto. That's totally fine and expected but its individual - not going to happen in droves
Thanks for sharing your thoughts!
I agree with the possible future you lay out here; there is a good chance it plays out like that. I would say that the fixed 15 cents yield per year on SURGE reduces in APR terms as SURGE surges past $1 which should happen as LSTR pumps past $50, so $100 LSTR means $2 SURGE means 7.5% and some folks may switch to HBD for 15%. But as you say, many will stay with SURGE because that should continue to rise as LSTR rises, whereas HBD is stable at $1.
I just bought more SURGE last night after I left my first comment. Go SURGE!!!!