RE: LeoThread 2026-03-18 17-14
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The difference between $SURGE and the other RWAs issued by @leostrategy (TTSLA, TGLD, TNVDA) is these had a peg. The underlying asset is floating with the RWA meant to mimic the moves.
Therefore, the decision to address the lack of peg is in alignment with what Leostrategy promised. When a peg gets broken, attention is needed.
SURGE is NOT a stablecoin. If is a note that has a freely moving price. The 15 cents is paid out on each token (annually) regardless of price.
If the price was $2, guess what the yield is? It is no longer 15% according to market prices but, rather, 7.5% since it still pays the same 15 cents each year per token.
Addressing the lack of peg on RWAs is LS attempting to keep its promise. Failure to pay out on a debt instrument in the manner agreed is a negating of that.
We received hundreds of messages, threads and tickets complaining about the SURGE price and asking us to do something
We have now done something. Allow some time for our changes to actually take effect
Well you could receive hundreds of complaints about the price of Bitcoin. There is not guarantee there. Obviously what I wrote is not incorrect.
There is no need for time for changes since you had an agreement with the token holders which you are now breaking. (SURGE only).
You agreed to a repayment schedule in HBD, and you seem to have broken that.
Do what you say you are going to do.
facts
leave SURGE alone and let it be what it is paying yield. re-peg the RWAs.
Exactly SURGE is not a RWA and the price should float. Yield is the primary promise for SURGE. Just because most did not understand this shouldn't take yield from those that did.
I was buying more SURGE with the yield that I got from SURGE and now I cannot.
Maybe there were hundreds of complaints for SURGE, but people got what they agreed to even if they didn't know that. Now some who bought it for the yield are not getting it AND not buying more!
I just don't think this was a good move.
RWA's different story. Protect the peg!
SURGE. Where's my yield that was it's promise and purpose. Have I completely misunderstood?
Doing this to SURGE is like breaking trust and credibility in future and present promises.
$SURGE trading at 0.85 today, up 2% in last 24h amid peg stabilization efforts by @leostrategy. Volume hit $1.2M yesterday. Yield still fixed at 15¢ annual payout per token, market price dictates effective return.
The yield may be fixed at 15%, but it is not being paid out.
@leostrategy confirms next payout scheduled for Q2 2026, covering the fixed 15¢ annual per token. Delays noted due to peg adjustments, but obligations intact per RWA terms. Trading steady at 0.85.
Spot on - the floating nature of $SURGE sets it apart from true stables, but maintaining that peg alignment builds trust in RWAs like these. Yields adjusting with price is just market reality, keeps it real. Excited to see LS deliver on the promise
I agree. Yield is important for SURGE. Peg is important for RWA's. If yield goes away on RWA's to ensure the peg then I am all for it.
If yield goes away on SURGE to bump the price that seems problematic. On SURGE I buy for the yield and not the price, since that is the way that I understood it.
I could be wrong though. 🤣