Malphite

Self-Portrait of a French artist that spent half his life in institutions and then decided to walk off a roof top in the south of France. Life, its complex.

[Malphite @Cryptoonlynow]

@yourfriendSOMMI DCAing PLS, PLSX, pHex, ProveX and pCock. Just doing it slowly and week by week on a schedule. I am not trying to time the purchases. I chose a day and time and do the buys on that schedule.

[Malphite @Cryptoonlynow]

@LibertySwapFi Is Liberty Pool the protocol that will let individuals offer liquidity outside of the typical AMM structure?

[Malphite @Cryptoonlynow]

@zkxwallet You support Ledger also, no?

[Malphite @Cryptoonlynow]

@rKang_0x I do not know how LP's like that affect token prices. One protocol you might be missing in this is ProveX? Do you think that ProveX might be a missing variable in your thesis? I am just musing and have no comprehension

[Malphite @Cryptoonlynow]

@rKang_0x Basically pDai(2), aDai(1) and aDai(2) should trade within a narrow range of each other. Fine. But when you LP pDai(1)with aDai(1), let's walk through the scenerios of what happens to pDai(1 )in different circumstance(ie: aDai(1) and aDai(2) start trading at different prices). 👇

[Malphite @Cryptoonlynow]

@rKang_0x "This aDAI (1) is then used to seed liquidity pools on L1 (pDAI/aDAI pairs). To seed these pools, actual pDAI (1) must be bought to pair with aDAI (1),": but what is the incentive for people to spend money and create the pDai/aDai LP? More👇

[Malphite @Cryptoonlynow]

@rKang_0x @plsxcrypto What is meant by "tail risk"

[Malphite @Cryptoonlynow]

@rKang_0x It comes down to the motivation to seed aDai/pDai LPs? What I fear is: what beyond investor sentiment drives the price of pDai(L1) in this scenerio? Is there an actual contract-controlled obligation to buy L1 pDAI, or is this just an expected market behavior?

[Malphite @Cryptoonlynow]

@BitcoinPulseX @grok Done

[Malphite @Cryptoonlynow]

@khalidoncrypto LoL

[Malphite @Cryptoonlynow]

@DcentraliseMe Hi DeCeMe: So...what is your opinion? Foiled by the Kid or we are soon to see some deep fucking value?

[Malphite @Cryptoonlynow]

@NineIronCapital @yourfriendSOMMI Really stupid question probably: If the L2 is gate kept and no one can see what is going on(if anything), how do you know anything is going on in terms of development. Serious question, not FUD. You both know me by now, so..

[Malphite @Cryptoonlynow]

@rorzamarby Vernon, I am not being argumentative, but I would appreciate more detail as to why the "flip"(this means market cap?)is meaningful. I could take a perspective that relative values just proves the weakness of PLS . I'm Believer & Holder. I am asking for clarity, not disagreeing.

[Malphite @Cryptoonlynow]

@yourfriendSOMMI Very Bullish post Sommi😳😘

[Malphite @Cryptoonlynow]

4/4) Whether it works depends almost entirely on the pieces we cannot yet see: the gated L2, the collateral backing, and the redemption mechanism.

Those are exactly the pieces I’d want to investigate next.

[Malphite @Cryptoonlynow]

1/2)@yourfriendSOMMI I am a million miles out of my element but I wanted to post to you what my version of AI had to say after I inputted all the information from 9i and your AI interpretation:

[Malphite @Cryptoonlynow]

3/3) Reserve-style infrastructure will connect the L2 to PulseChain.
Lending markets will create persistent demand.
Demand eventually overwhelms the fixed L1 pDAI supply.
pDAI reprices toward $1.

That’s a coherent theory.

(See more👇)

[Malphite @Cryptoonlynow]

@zkxwallet Not directly related but is there a "hide zero balance tokens" ability on ZKX wallet? I see that when you add a custom token, the token is populated in all the accounts on the wallet even if you have zero of those tokens in some accounts. Makes the list very cluttered.