RE: LeoThread 2025-08-11 17:03
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People asked for the ability to earn yield within LEO and @leostrategy provided $SURGE.
Now Lions can have an asset which provides yield (15% like HBD) but can be converted to $LSTR. Thus we have a convertible note similar to what MSTR employs in some of its funding.
This will help to amass more $LEO on the balance sheet of Leostrategy.
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This is great. I'll soon learn more about this new Development
This is great. I just found out about $SURGE and I'm understanding it's use.
Here's one question: If I own $SURGE without owning $LSTR, does that work too? Or do I have to own a bit of $LSTR first?
You can own SURGE without LSTR. SURGE is a convertible note.
By owning it you get 15% return (just like HBD in savings). There is presently a 10% discount, with it being sold at 90 cents.
Once $LSTR hits $50, the conversion is 50 SURGE = 1 LSTR. If you hold as the LSTR price goes up, the conversion is the same 50 SURGE = 1 LSTR (or $1 each).
If LSTR goes to $100, you conversion doesnt change but you have a LSTR worth $100 (or $2 for each SURGE).
PLUS you get the 15% APR the entire time you hold SURGE.
Okay, thanks for this explanation.
I would have gone for 50 $SURGE but not having enough funds, so I think I can do 25 $SURGE and hold in one account or split it to be in my two accounts.
What would you suggest?
It is a 50:1 basis.
If you get 25 SURGE, then you get .5 LSTR.
Yeah, I got that. Thanks. Will get some.