SURGE is trading around 80c and just like Khal, I'm lolling at those dumping their pre-sale tokens into the hands of those who actually understand.
Smart money is buying.
@khaleelkazi/re-leothreads-beydj3f5
Remember, SURGE was never meant to hold a perfect $1 peg.
Peg is the wrong word.
It was designed to hover around the $1 mark because that is fair value of the asset because when it trades below that price, the yield automatically increases.
That’s the built-in incentive.
The math is simple:
Effective APR = 0.15 / The current price
So at $1, the yield is 15%.
But at 80c, it jumps to 18.75% APR!
The lower it goes, the higher the yield and the stronger the pull back toward $1.
That’s the magnet effect.
So while we're watching people freak out over a few cents in real time, smart money stacks more, farms the yield and lets the design do the work.
SURGE isn’t broken.
It’s doing exactly what it was designed to do.
Best of probabilities to you.
Dane.