Why did the OA take over the MakerDao on Pulsechain and mint 5 billion $pDai? was he just bored that day?

Good question

Why take over Mkr? Because its essentially an infinite money printer for #Pulsechain once setup correctly. Many still figuring that part out.

Eric @ercwl was the one who took over pMKR, he controls it now.

Don't miss $pwbtc it's at 50% discount to $pdai right now.

The AMM bot took over ALL liquidity from all existing ERC20/PRC20 tokens. Including DAI. He probably took over the MKR so that no one else does in case he may want to do something with it. Just a question, people were able to get millions of pDAI really cheap, you really think RH would peg it to a dollar to watch all these people just cash out their millions? I think he would rather do what he has to do to see $HEX at a dollar than pDAI. To deploy a stable coin on #PulseChain, I think Richard and his team would just fork MKR and collateralize a stable token without giving a bunch of users millions of dollars. Just my humble opinion. Let's all see how it all shakes out. (I do hold some pDAI to hedge against any outcome.)

Keep going …

Its backwards operation from how stable coins usually mint outta thin air this is multistage system that works differently then most stable coins.ideally the people decide the price of the "stable" asset as we know the us dollar isn't stable we just pretend it is.

When #PulseChain launched, he used the minted pDAI to extract from other copyclone ecosystems so he could acquire the most valuable PRC20s Some protocols required pDAI deposits rather than pwETH or PLS, which would explain why he minted the pDAI. AMM fixer bot ratio games IMO

who cares