If you have SURGE in a sell order, you don’t get dividends for those SURGE
This makes perfect sense to me. LeoStrategy pays yield without requiring staking
If they did require staking, then you obviously wouldn’t earn anything if you have a sell order
You can LP your SURGE and still get yield according to their blog post. This is logical as providing LP is a net benefit to the economy but selling your SURGE is a net negative
I said it before that it doesn't look logical to expect dividend payout when SURGE is in a sell order.
100%
If I have a sell order on a stock, AFAIK I get dividends until it sells. Seems more logical to require stake for dividends than this hybrid approach. Im not selling so I dont have a personal stake (See what I did there?) just an observation
Oh well, it's just an opinion, and I have nothing against anyone who wants to sell
People are different. What seems logical to one person, may look ilogic for other. That is why games are played by a RULES, not by logic assumptions.
The whole point of my post was - asking a clear & firm confirmation from a token founder, if assumptions from other Inleo participants, given to me , were RIGHT, or not
YES or NOT.
Unfortunatelly, token founder still keeps silent.
It wasn't for you post that I said that though, it was for someone else yesterday who complained about not getting dividend payout for his SURGE that were in a sell order.
And khal made a thread about it that SURGE in a sell order cannot get dividend payout. That was where I made this reply you are responding to. Moreover, I believe that khal know more about the inside and out of Leostrategy to make the thread. No offense please!
perfect. Thanks khal. Makes sense to me too.
🦁
I got the answer now. Thanks for for the information.
logical
Firstly, I hold a lot of $SURGE and have no plans to sell, but this makes no sense to me.
A person who puts there shares up for LP is also potentially "selling" and does not hold it in their wallet.
Either both should get dividends or neither.
I disagree and here’s why:
If you put 1000 tokens in a seller order at $100 per SURGE on an order book, are your tokens being used for anything productive?
If you put 1000 tokens in an LP, you have to match it with 1000 USDC. You are actually investing MORE to hold that LP position (using exogenous capital). Then your paired 1000+1000 are being used to provide instantaneous market liquidity which is a net benefit to the system
How are these two possibly the same?
Both are providing liquidity are they not?
How so?
When I buy SURGE from an LP, I am buying some % of SURGE from the user who LP’d $1000 SURGE + $1000 USDC
When I buy SURGE on the order book and the seller has a sell order, I get 0% fill from him? If I do get fill, he no longer owns the SURGE anyways
They were providing liquidity nonetheless. Just not the direction we want! 😀
If I buy 1000 $SURGE and just let them sit in my wallet are they doing anything productive outside of providing the initial capital? NO
In my opinion, if I buy 1000 $surge and put a sell limit order for $100, then I have provided exactly the same benefit as someone who just lets them sit in the wallet. CAPITAL And I have provided liquidity to the market, just to the downside.
Don't we want a two-way market?
We just fixed our Tokenomics few months ago. We cannot get ourselves back into bad incentives. Those who already have sell orders are weak hands. Rewards should flow to the strongest hands.