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@leostrategy's thread

leostrategy
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@leostrategy
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The documentation is quite clear that "Emergency Mode" will be activated in times of extended severe deviations

Here's the good news: we had two options

  1. Let the status quo remain and tokens would continue to deviate to the downside. SURGE likely would be worth $0.25 in the near future but you would've gotten your 15% APR
  2. Temporarily divert stablecoin yields into rebased yields which still pays the yield but pays it to token rebasing (buybacks + removal from market) which leads to SURGE rising toward its peg of $1 where the stablecoin yields will then be turned back on. You're now 100% ROI from the current price + yield is back to paying HBD

It seems many aren't reading the mechanics of this before reacting.

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