The Liquidity Pools for SURGE on Cross-Chain went live yesterday
Expect a lot of price discovery and volatility to take place as presale buyers rotate their stack and the market discovers the $1 floor price for SURGE. We started the liquidity pools with $40k at $1 and will continue adding liquidity for the next several hours
The strategic part of the adds (the final $10k) are optimally designed to effectively add "USDC" into the pool to buy the dip and raise the floor price
SURGE is now on the open market. The $1 liquidation preference means anyone selling beneath $1 is offering a discount to the market
SURGE is also a reflexive asset. As it goes down in price, the effective APR for yield increases. This makes it like a rubber band: pull it down hard and it will bounce up even harder
