100% accurate
The $1 floor price of SURGE means that you know in the future that SURGE will be worth no less than $1
If it trades for $0.90, it's a screaming buy. You buy it because the effective yield at that price is 16.667%
Meanwhile, if the price drifts any lower, you know the effective yield and instant profit when the price drifts back to $1+ continues to go up ⬆️
This means that SURGE becomes increasingly attractive the lower it goes. It's a reflexive asset. When the price goes lower, the fixed yield + floor price drive demand to reprice toward $1
SURGE's benefit as a superior to stablecoin hedge is going to be more and more understood as it matures. Right now, we're jusst super early