MoonBot 𖢙

Memes and the Atropa ecosystem on #PulseChain. $pDAI to $1.

[MoonBot 𖢙 @DeFiMoonBot]

1/5 - Grok’s response regarding Maxi “core coins only” and opposition to $pDAI pegging to $1.

[Richard Heart @RichardHeartWin]

@cryptomanran @mert Zcash had an inflation bug (mint as many free coins as you want.) for years. Someone found it and disclosed it. It was emergency patched. No one knows and can't know unless someone confesses, if free coins were minted, or how many. I've been preaching about inflation bugs 4eva

[Richard Heart @RichardHeartWin]

@himgajria acktuhally https://t.co/rVtvLVMtgq

[Richard Heart @RichardHeartWin]

Shout out to everyone shilling blockchains with inflation bugs. @balajis @cameron @tyler etcetera. ZEC is down 50% in a day more or less, but not to FUD, it's still up from not too long ago.

The sad thing is, no one actually cares to use the most secure software out there (PulseChain and its test net, Ethereum.) Because they think they're smarter than you I guess. Or smarter than me, which, well, lol, I'll let you be the judge.

[Richard Heart @RichardHeartWin]

Like if you're tired of winning

[MoonBot 𖢙 @DeFiMoonBot]

Love this! 🤣 🦚

$pCOCK

[Richard Heart @RichardHeartWin]

PulseChain is better than zcash $zec. Why? Well Zcash was just emergency patched, and the network down for many, because a vulnerability was discovered, and patched, but its impossible to know if it was ever exploited, unless an exploiter confessed. It's a funny property of most privacy coins, that you can't detect if someone inflation bug (minted a bunch of free coins) or not, because you can't actually count up the total supply.

PulseChain is safer software. Ethereum is PulseChain's testnet, and it's a wonderful test net!

[MoonBot 𖢙 @DeFiMoonBot]

@Berry_cooool Auto

[rKang @rKang_0x]

🍴Unwinding the fork

Our favourite Extractor is at it again...

People have begun to notice address 1967 has been the main seller of $cDAI on over the past day/s.

While it may just look like heavy dumping on the surface, underneath we see that this activity is actually part of a coordinated strategy to clean up bad debt in pAAVE (Phiat).

It has long been known that reducing the large pre-fork debt in pAAVE is a necessary step before the system can move toward oracle resets and support pDAI returning to $1.

Until recently, it wasn’t clear how this would be achieved at scale, but now we see it in real-time.

Here’s how the strategy to clear Phait debt that is currently playing out on-chain:

1️⃣ Flashloan $pDAI from Balancer (pBAL)

–This gives temporary access to a large amount of pDAI without needing to own it upfront, though the loan must be repaid in the same transaction.

2️⃣ Deposit pDAI into Compound and mint cDAI

–The flashed pDAI is deposited into Compound. In return, the address receives cDAI. This cDAI acts as a receipt for the deposit and automatically serves as collateral.

3️⃣ Borrow more pDAI against cDAI

–With cDAI held as collateral, the address can borrow additional pDAI from Compound. This leverage step increases the total capital available beyond the original flash loan amount.

–cDAI does not need to be deposited again, simply holding it is enough to enable borrowing against it.

4️⃣ Use the pDAI to close debt in Phiat

–Use the pDAI obtained from the flashloan and Compound to liquidate/repay pDAI debt positions in Phiat.

When these positions are closed, two things happen:

i. The pDAI debt is removed from the system, reducing bad debt in pAAVE.

ii. The original collateral that was locked behind those debts is unlocked and released.

5️⃣ Unwind the position

–After the debt cleanup is complete, the process is reversed:

i. Repay the amount borrowed on Compound.

ii. Redeem cDAI back into pDAI (returning the original deposited pDAI).

iii. Use the pDAI to repay the flash loan to Balancer, along with any fees.

The cDAI selling from address 1967 is the visible result of unwinding these leveraged positions after performing debt cleanup.

By using flash loans and Compound leverage, the strategy can close significantly more pAAVE debt than would be possible otherwise.

This is a hugely meaningful step toward unwinding the effects of the fork while also contributing to buy pressure on pDAI..

pDAIs runway is being cleared...

Have your bags packed, as we prepare for takeoff!

[Richard Heart @RichardHeartWin]

Waaah waaaah the prices suck waaah. Bitches. I've been here since 2011. That's 15 fucking years. The prices have sucked again and again, it's in the game. Man up.

[Dadi Wick @liquidsoil369]

Will pdai PEG to 1 Dollar 💵 ? I think so.

$PDAI

$HEX $PLS $PLSX $INC

enjoy the video 👇

[MoonBot 𖢙 @DeFiMoonBot]

@TheGreekGod11 @yourfriendSOMMI @DeFiTriggs 🤣🤣🤣

[MoonBot 𖢙 @DeFiMoonBot]

@rKang_0x @seanramirez24 As @yourfriendSOMMI would say:
“I’m the tip of the spee now.”

[MoonBot 𖢙 @DeFiMoonBot]

If you’re still here for $pDAI glory, I want to follow you.

Let me know.

#PulseChain

[MoonBot 𖢙 @DeFiMoonBot]

@NineIronCapital @Bazbestos Thanks for this. Are you saying if people have pDAI in LPs they should remove it?

[MoonBot 𖢙 @DeFiMoonBot]

@rorzamarby @NineIronCapital ⛳️

[yourfriendSOMMI ❤️💛💚💙 @yourfriendSOMMI]

❤️💛💚💙

🚨 JUST IN 🚨

Stupid pDAI is rising, due to probably nothing.

pDAI is only 18% away from flipping PulseChain, but it’s not worth talking about.

Garbage is Rising.
Stop buying pDAI?

[p-DaiMaxi @NineIronCapital]

Given the pioneers control the L1->L2 pARB messenger system, have you contemplated what else they might have setup? We may never see this, but this is one theoretical outcome. $pDAI to $1 is inevitable. NFA.

[yourfriendSOMMI ❤️💛💚💙 @yourfriendSOMMI]

❤️💛💚💙

🧃 Juicy News #1405

⚪ Bitcoin $73,000
⚪ Ethereum $2000
💩 ETH-BTC = 0.027

⚪ Oil $88

🇺🇸 Bitcoin 2 Red Years in a Row (so far)

🇺🇸 MICHAEL SAYLOR: "Working ₿etter."
It's that time of the week.

🇺🇸 Bitcoin 2 Red Yearly Candles in a Row

🇺🇸 Crypto lobbying groups spent 11X more on republicans than on democrats.

🇺🇸 The SEC says a Texas man spent $6.2M of investor funds on personal expenses while marketing fake AI crypto trading software.

🇫🇷 SoftBank will invest €45 billion in France to build large-scale AI data centres over the next five years.

🇺🇸 JPMorgan CEO Jamie Dimon warned that stablecoins could "blow up" under the proposed CLARITY Act.

🇺🇸 Trump says it's time to physically audit Fort Knox which hasn't been comprehensively audited since 1953.

[p-DaiMaxi’s son @SixIronCapital]

@cryptomanran @RichardHeartWin We don’t need you. You need us

[Richard Heart @RichardHeartWin]

Ethereum, let me explain a bit how stupid you are. Instead of supporting me, who is rumored to hold lots and lots of ETH, you supported this piece of shit. You're sorry.