@khaleelkazi's thread
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@khaleelkazi
ยท 10M agoyep and the key difference between SURGE and HBD (other than the fact that SURGE pays a higher yield) is that SURGE still lets you capture unlimited potential upside
The conversion option to convert 50 SURGE to 1 LSTR means you have unlimited upside if/when LSTR passes $50/LSTR in price
So picture this:
- You buy SURGE at initial offer for ~$0.90 today
- You earn yield (16.67% APY paid as HBD or LSTR weekly)
- 3 months from now, LSTR is worth $55
- SURGE starts surging in price - because the conversion value is now $55 per 50 SURGE = $1.10
Now say LSTR goes to $100 - which I think is likely - 1 SURGE will now be worth $2
So you get to sit back and collect yield while you wait for the inevitable rise in LSTR price to 2x your holdings. Might be 3 months. Might be 6 months but it will happen eventually
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