$pDAI is value secured by code, not banks.
We believe:
🟢It doesn’t need a fiat balance sheet
🟢That it avoids regulatory choke points
🟢Its value can emerge from a decentralized market
This is the $pDAI journey.
Pulsechain will succeed because of pDai.
If anyone doesn’t understand that, then get them to watch this video!
Great job @BudPilch for breaking it down in a great way to understand the big picture and special thanks to @rhmaximalist for hosting a very respectable debate 🤝
@circle 'Rooted in trust,’ you say?
Your own policy says otherwise. You reserve the right to freeze funds without legal orders — at your discretion.
Talk's cheap. $pDAI has the receipts below. 👇
https://t.co/aCyimB1elp
@tether Tether freezes R$32M — and brags about it.
Over $1.2B USDT frozen since 2020.
If they can freeze it, it’s not yours.
$pDAI has no freeze button.
Decentralized > Deputized.
How to restore #pDAI to $1 after an ESM – no reboot required
A new theory
Although the Emergency Shutdown Module (ESM) has frozen the original $pDAI system, you can gradually restore the dollar peg by making a few targeted fixes – no reboot required.
1. Create a "1 pDAI → 1 USDC" Guarantee Router
Create a small smart contract that instantly exchanges 1 pDAI for 1 #USDC (or #pUSDT) from a funded reserve – regardless of the price of pDAI.
Replenish the reserve.
Arbitrage bots buy undervalued pDAI and redeem them for guaranteed 1 USDC. This risk-free profit motive pulls the market price back toward $1 within a few blocks.
2. High Liquidity with a Curve-Style Meta Pool
Deploy a stable swap pool (Curve fork) with pDAI, #pUSDC, #pUSDT, #pFRAX, etc.
A high TVL (several million USD) keeps slippage below approximately 0.5%.
Incentivize LPs by distributing a portion of the system fees (e.g., 50%) as pool rewards.
Every swap���whether mint → sell or buy → redeem—reinforces the $1 peg.
3. Use Aave for yield and flash loan liquidations
List pDAI and pUSDC/pUSDT on a #PulseChain #Aave fork:
The supply APY (1–2%) attracts lenders and increases liquidity.
The borrow APY enables expanded arbitrage loops.
Automate liquidations with #Chainlink Keepers and Aave Flash Loans. Undercollateralized vaults are liquidated immediately, ensuring healthy collateralization ratios.
4. Auto-compound rewards via #BadgerDAO
Stake your #Curve LP tokens in Badger Sett vaults:
Automatically compound #CRV, #BAL, #AAVE, FXS, etc., so your TVL grows daily.
Bonus BADGER from the treasury sweetens the deal for early liquidity providers.
More TVL means a more stable pool and tighter collateralization.
5. Governance & Management via Multisig/Treasury
Until full token-based governance, use a Gnosis Safe (3-5 signatures) or a simple timelock contract to:
Fill up the reserve for the Redeem Router
Adjust pool weights, fee splits, and liquidation parameters on the fly
This agile setup allows you to fine-tune without having to reimplement the entire system.
Timeframe to a stable $1 peg, if everything works:
Minutes-hours: Bots jump onto the 1:1 router, and instant arbitrage reduces the spread.
1-3 days: Curve pool TVL increases as LPs seek rewards; slippage decreases.
1-2 weeks: Aave yields and automatically compounded Badger increase the treasury, ensuring the long-term stability of the peg.
With these five building blocks—guaranteed swaps, deep pools, Aave returns and liquidations, Badger auto-compound, and multisig management—you'll take pDAI back to $1 on PulseChain, all without a full reboot.
Today the SEC notified the court that it “...does not intend to file an amended complaint...” and their deadline to do so has expired. The Court previously dismissed the SEC’s entire case. Richard Heart, PulseChain, PulseX, and HEX have defeated the SEC completely and have achieved regulatory clarity that nearly no other coins have. They're now safer to work with in ways that almost no other coins are. The SEC walked away from some other cryptocurrency cases voluntarily, but this is the only case where the SEC lost and crypto won across the board, with a dismissal in court of every single claim the SEC brought.
This is a victory for open-source software, cryptocurrency, and free speech. The SEC actually sued software code itself in this case, claiming it could be an alter ego of a person. This would have set a terrible precedent and caused perhaps multiple billions of dollars of damage to the vital open source and free software industry that powers most of the Internet and your speech on it.
Bitcoin, Ethereum and crypto prices in general rise and fall together because they're bonded by the liquidity in their order books. It's called Heart's law. Yes, I discovered it. So what does that mean in practice? It means that if you make things more rare (lower inflation) and demand stays the same, prices will go up. Prices plural. Why plural? Because of Heart's law. You can do a combo on it too. PulseX only becomes more rare and its liquidity is primarily in PLS which also reduced in total supply. The rarity compounds with the other rarity to lead to even higher prices if demand stays the same (demand has gone up and down quite a lot.) Then you combine that with the x*y=k AMM price curve which moves as a square, (Every 2x in bid side liquidity 4x's the price.) What you have is a beautiful system primed for excellence.
The only thing you're missing is eyeballs (potential demand). Reducing supply through burning is one part of a supply and demand equation. Demand is the other part.
TLDR; Reducing inflation or become deflationary through burning increases price increases on demand increases. And since the prices of many things are tied to prices of many other things, the more rare all of things tied together become, the easier it is for price to go up.
TLDR;TLDR; Burning coins is cool. Reducing inflation is cool.
@benjamincowen Seeking advice. My BTC is up $1000 from initial investment. I intend to use the extra to trade into alts. Do I diversify with $100/prospect or stick with one.
How can we integrate human activities of the vaxxed and non-vaxxed, the masked and non-masked? (used to just be people with faces, but I digress) We do not get to dictate another's life. Having no-vax fitness clubs and vax-passport-only events is just modern segregation.