#pdai
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
DecentraliseMe74,087 просмотров • 7 месяцев назад
In it for the Tech 🧐 #pDAI to $1 #PulseChain season
DecentraliseMe38,800 просмотров • 3 месяцев назад
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 просмотров • 1 год назад
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 просмотров • 7 месяцев назад
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 👇
DecentraliseMe32,965 просмотров • 11 месяцев назад
Today, we make history. The people can now vote in support of establishing the the world's only, truly, decentralised currency. Visit to cast your vote. We choose to participate on this chain as the creator intended. It's our DAO now. #pDAI #pulsechain #hex
DecentraliseMe50,661 просмотров • 1 год назад
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 просмотров • 7 месяцев назад
Dylan calls out Sommi’s delusional hope for #pdai getting his followers rekt but not accepting it like a mule
El Hexicano32,563 просмотров • 1 год назад