DecentraliseMe
@DcentraliseMe • 7,448 subscribers
I’m on twitter. I have an opinion and people must hear it.
Videos
Remember when #pDAI hit $1 back in July? For a few minutes, pDAI and dozens of other PulseChain assets all jumped 36.9× (yes… 369, our Chain number) and then everything snapped back to normal. No buys. No liquidity movements. Just a chain-wide repricing. The most plausible explanation? The State Root of #PulseChain was temporarily overwritten. The State Root is the cryptographic summary of the entire chain at a given block: liquidity pool reserves, balances, contract storage - everything. If the State Root changes, the entire economic state of the chain changes with it. My belief: PulseChain briefly reflected the state of the L2, where pDAI is already over-collateralised and correctly priced. And this is exactly what we will see the moment pCopies are loaded into the new 1:1 Instant Convert contracts. It can happen atomically: Update State Root ➡️ load Instant Convert asset list ➡️ Glory. All in the same transaction 🪄 #pDAI to $1 #PulseChain season
DecentraliseMe74,165 görüntüleme • 10 ay önce
Richard is creating a secondary market for #Hex that also enables him to collateralise #pDAI, monetise his OA holdings and pump #pulsechain into oblivion. One of the easiest ways he can encapsulate his stakes after they've been made, is by using a tracking system that logs the stakes into a smart contract that can later be used to mint the derivative tokens. To create a secondary market he needs to place this derivative in places where people can trade it. Liquidity pools. Lending protocols. #plsx, #pAAVE, #pComp People will be able to buy & sell fractional shares of hex stakes. They will trade at either a discount or a premium. This is useful for those who don't want to hold hex directly but want to earn a yield bearing asset. 1. Create long Hex stakes 2. Mint your derivative 3. Create a market by putting half of your derivative holdings in pools & lending protocols 4. Realise the other half as a stablecoin that kicks off your own virtuous circle and protects the price of your derivative God I love this man
DecentraliseMe61,104 görüntüleme • 1 yıl önce
The #pDAI picture has become clear, in what some believe are the final moments before the peg p-DaiMaxi has found that the secret L2 will deliver the peg through a protocol using a sealed vault model - where collateral goes in, but isn’t redeemed by us or arbitrage bots. Think of it like the Greyscale model. Where assets flow in and tradable shares are distributed. In this model, #pDAI acts as a share. #pDAI as a share of this vaults value can maintain its peg to $1 without the need for it to be redeemed by the underlying assets. ⬇️ If pDAI $1: The treasury sells pDAI to the market and uses the proceeds to buy #WPLS, #HEX, #PLSX - injecting value into other ecosystem tokens. ⬇️ This is where we’ll see the #Hex encapsulated stakes appear as collateral. This is where the OA bags will end up. This is where our story comes to its climax. #pDAI to $1 Video from @files_dirty 👇
DecentraliseMe32,984 görüntüleme • 1 yıl önce
If you won’t believe me that this #pDAI cross-chain route enables arbitrage… maybe you’ll believe Richard. Here’s Richard himself explaining that once ERC20/PRC20 cross0chain routes open up, arbitrage becomes unavoidable - for '10,000 new coins'. ...and if he pushed 'wide-band,' the resulting arb activity would fill #Ethereum first... ...because bots will automatically, instantly, attack these price gaps. That’s the whole point. Open a route → Reveal the same assets at lower price → bots chase the spread → prices converge. #pDAI to $1 #PulseChain season
DecentraliseMe26,921 görüntüleme • 11 ay önce
#pDAI is close to moving into the collateralisation phase. The #hex OA has staked the majority of it's supply for 15 years. Pulse Recycled found that years ago Richard spoke of encapsulating Hex stakes and using it as a collateral asset within various protocols including compound and AAVE - both of which have been taken over and worked on, on #PulseChain. Encapsulating stakes works much like liquid staking, where a user stakes an asset and mints themselves a token of equal value that accrues interest. Richard is able to collateralise the vaults using a derivative of his Hex stakes. Hex holders will be able to do the same. They can create long term stakes, collateralise a pMKR vault with their wrapped stake of equivalent value and mint themselves $1 pDAI. Earning interest whilst getting immediate access to their liquidity. This is incredibly bullish for #Hex, #pDAI and all of #pulsechain. The collateral types look to be wrapped staked HEX, WLPS & PLSX. pDAI is, and always has been the plan to pump this chain.
DecentraliseMe35,811 görüntüleme • 1 yıl önce
Richard has highlighted to all the existing community that being part of a large sacrifice is bad as it means there is a lot of sell pressure. Many have interpreted that as meaning he's bearish on #PulseChain as it had a large sacrifice set. Whilst that might have been true 4 years ago, he highlights that - that is no longer the case. 📈He's primed PulseChain for the pump 👷He's built all the infrastructure ... all that's left is to strike the match #pDAI to $1 #PulseChain season
DecentraliseMe20,822 görüntüleme • 10 ay önce
We know #pDAI parity is required before the bridge + Railgun releases are fully activated. But what about the rest of the PRC-20 copies? There are two routes: BEFORE 1⃣PRC-20s are already matched with their wrapped ERC20 equivalents on the L2. 2⃣The L2 reports down the correct state: pricing, collateral, and thick LP across pairs. 3⃣Users then bridge wrapped ERC-20s ➡️ pair them with native PRC-20s ➡️ earn yield. Pros: 👍Liquidity depth is ready from day one 👍Order-book dominance is established early 👍Clear economic incentive for ETH-side users to migrate Cons: 👎Less 'market hysteria' as everything is already aligned when the bridge opens _____________________________________ AFTER 1⃣pDAI is corrected first; other PRC20s remain at current PulseChain prices 2⃣The market begins bridging wrapped ERC20s and arbitraging the gaps 3⃣Users pair wrapped ERC20s with PRC20s and earn yield as liquidity deepens Pros: 👍Likely triggers huge excitement and a migration wave 👍Rapid LP formation driven by arbitrage flows 👍Strong narrative: 'Ethereum assets at a discount on PulseChain' Cons: 👎If LP is still thin and early users/bots extract profits back to ETH too quickly, some pairs could drain before stabilising Either way… All routes lead to the same outcome: Parity across every PRC20. #pDAI to $1 #PulseChain season
DecentraliseMe21,126 görüntüleme • 11 ay önce
I’m no expert, but isn’t the idea is to buy low and sell high? Why then are people sat in #Ethereum? It’s over a decade old and it’s price has already done a 14,000x. Meanwhile, there’s a brand new complete system state copy of Ethereum… where all the copied ER20’s have charts that are curling up. This chain is founded by a man who told you his last project was designed to do a 10,000x. He was laughed at and vilified by influencers who he doesn't need to pay to promote his projects… but then guess what? It did exactly what he told you. Whilst he's choosing his words more carefull... he's telling you again. Will you listen at the second time of asking? #PulseChain
DecentraliseMe29,570 görüntüleme • 1 yıl önce
Richard answered questions from the community in his video today. … the first three he chose to respond to were mine. Here’s the first where: He explains why a chain should launch its own stablecoin rather than rely on wrapped assets - as wrappers introduce counterparty risk, fragility, and dependency on external systems. A truly decentralised stablecoin would completely eliminate counter-party risk... #pDAI to $1 #PulseChain season
DecentraliseMe17,244 görüntüleme • 10 ay önce
With Liberty Swap integrating Circle's CCIP and the connection of 40+ chains being communicated as imminent, #PulseChain is close to gaining real cross-chain capital access for the first time. USDT & DAI have begun their deployment journey through the Liberty ecosystem, having been added to Liberty Shield already. All of this is happening while PulseChain just printed it's 7th straight RED monthly candle, sentiment is exhausted and BTC/ETH are stabilising after a major flush. ... and with Liberty X and Prove X appearing close to launch... The execution layer for cross-chain arbitrage and stablecoin on/off-ramps look to be coming online soon. The timing of all this infrastructure lining up is… interesting. #pDAI to $1 #PulseChain season
DecentraliseMe12,385 görüntüleme • 7 ay önce
Richard wants us to back this marketing effort. We're at $115k. Enough for an excellent campaign. A big whale contributed $108k of that. Can we as a community chip in to get to $200k? Thank you Richard Heart for your response following the launch of the #pulsechain marketing fund. In the thread below I share Richard's posts in response to the fund being launched. But first, words from the man himself on why you should contribute a small amount to the cause. "Win. And keep winning. All the defamation and censorship hasn't stopped me, and won't stop me. I will make this world a better place, no matter what it takes. I owe it to my ancestors. I owe it to future generations. I owe it to myself. We're blessed with a wonderful opportunity. We stand on the backs of giants, we need only harness the power we've been given. Our path is true and honest and our goals are noble. Perhaps our path is more difficult because our calling is higher." - Richard Heart So you see, this isn't about pumping our own bags. That's a by product. We're pumping to high hell regardless. It's about something far greater. Saving your fellow man. Let's maximise the positive impact Richard is going to have on the world. Let's do our part to change as many peoples lives as possible. If you have $10 to spare, spare it.
DecentraliseMe23,371 görüntüleme • 1 yıl önce
