Yes, 50 SURGE can be traded for 1 LSTR. So basically, you'll make yield all the way up, and then if and when LSTR goes over 50, you can convert your SURGE to LSTR. I will probably wait until LSTR goes to $70 or more, unless there is something else I can do with my LSTR other than sell. Once you convert, you no longer get the yield, so if you're not going to sell the LSTR right away, might as well hold onto the SURGE and collect the yield until you're ready to sell. Just my thoughts.
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ah makes sense. but didn't I read the yield only has 6 months of funds backing it?
but yeah I would most likely convert to LSTR between 50 - 70 and redeploy that capital some place else.
It only has 6 months set aside at the beginning. After that, they will use their market making abilities to earn enough to pay for the rest.