Exactly
It's a good idea to save this chart and look at it regularly
The SURGE price is driven by reflexive dynamics:
- Liquidation Preference (Floor Price): Buying under $1 means making an instant profit when it retakes the floor price (buy at $0.80, make a $0.20 profit in the future when the price inevitably rises back to $1)
- Yield: Income is fixed to $0.15 per SURGE per year = 15% APR at $1. The effective APR increases as the price drifts lower (buy at $0.80 and get an 18.75% effective yield while you wait for a $0.20 instant profit)
Reflexivity is a beautiful thing when it is built to trade around a floor price. Traders who understand this will profit marvelously on SURGE's volatility (as will our market maker)
https://inleo.io/threads/view/khaleelkazi/re-leothreads-2vcvpbvzd
Hehe. I am the who consider SURGE as 1 dollar even if I get it in cheap price. I am consoling myself saying instant profit😅.