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This dynamic is underpinned by Surge's collateralization structure. It is backed by LEO, which resides on the platform’s balance sheet. The collateralization ensures a $1 floor price; even in the unlikely event of a liquidation, owners are assured to recoup $1 per Surge. As the LEO holdings on the balance sheet grow, so does the overcollateralization of Surge, making it increasingly safer and more attractive.
Current Ecosystem Developments
Surge has recently gone live across multiple chains, marking a significant milestone after months of development and integration. Key components of this launch include: