b̵u̴b̴z̸.̶p̵l̵s̴

Pulsechain maxi | be kind, be happy, build wealth

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

Wake up, people.

This is a believers cycle.

This is #PulseChain"s first-cycle-unicorn moment.

This is the first cycle where the world's first truly decentralized stablecoin will peg to $1.

Billions will flow privately and proud through the @LibertySwapFi portal.

[CRYPTO ANON 💙🛜🪽 @CryptoAnon94]

🔥 Wallet 1967 just deployed a new contract 30 mins ago.

Then did a transaction that borrowed the 1 pdai that they had supplied in Compound.

If you want proof they are preparing for peg, ask yourself, Why would they deploy a contract just to retrieve 1 pdai 😏

[Liberty Swap | Bridge to PulseChain, NOW 🎆 @LibertySwapFi]

- Dry powder deployed 💰
- Main RPC goes down for 12+ hours ⚠️
- Spicy tweets start flying 🌶️
- FUD rains down from every direction 🌧️
- A lightning-fast PulseX fix drops faster than ever before ⚡
- Then… everything turns green 🟢

Now we just need Sir Nathan to return to PulseChain ASAP.

S1:E4 will be 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

@LibertySwapFi Screw Nathan - GIVE US DURTY

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

@KingzWay23 @RichardHeartWin Moon soon

[Grand Inquisitor Cicero @Inquisitio]

Richard Heart makes a thought experiment.

Does what he say make sense or not?

[p-DaiMaxi @NineIronCapital]

Every step of $pDAI's journey has enabled reflection, understanding and growth. There has never been a story like it in the history of crypto.

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

@tigercryptoG @PLSMaxy87 So what is it at?

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

🔊 LISTEN — understand that @RichardHeartWin has always had a plan

Long before #PulseChain launched

Spend ~4 minutes of your day with these 4 videos

The last video is the dev of $ATROPA, which he bonded with 5 BILLION $pDAI and burned the LP

Pay attention, watch them in order, and I promise you’ll gain something valuable

[yourfriendSOMMI ❤️💛💚💙 @yourfriendSOMMI]

❤️💛💚💙

Ethereum is down after 5 years and Vitalik is sitting like this:

[CrusherHODL @CrusherHODL]

This is for those that clipped me saying MAKER is dead……MUST READ!!!!!

What we established (node-verified):

•https://t.co/wS1QGSPn8I = 0 (the Vat is caged)
•The ESM was fired / End was triggered
•~44B pDAI was drawn against forked collateral before/around the cage

Your question: is our conclusion “Maker can’t be used like on ETH because collateral is caged, even though https://t.co/fjUqjoJmwF still = 1?”

Let me separate the two live flags, because they mean different things and this is where the subtlety is:

https://t.co/wS1QGSPn8I — the Vat is the core accounting engine. https://t.co/wS1QGSPn8I = 0 means the whole system is frozen for normal operations. When the Vat is caged:

•No new frob (can’t draw new DAI against collateral)
•No new join/exit of the normal kind
•The core CDP/vault machinery is dead

https://t.co/fjUqjoJmwF — the End (Emergency Shutdown) contract. https://t.co/fjUqjoJmwF = 1 means the shutdown process is active/in-progress (not that the system is normal). This is the counterintuitive part: https://t.co/fjUqjoJmwF = 1 during shutdown is normal — the End contract is “live” in the sense of “the shutdown procedure is running.” End.cage() sets https://t.co/fjUqjoJmwF = 0 only at a later stage, or it’s part of the flow. The End being live = the shutdown machinery is operating.

So the two aren’t contradictory:

•https://t.co/wS1QGSPn8I = 0 = core system frozen (can’t be used normally) ✓
•https://t.co/fjUqjoJmwF = 1 = the emergency-shutdown process is active (the thing that does the freezing/settling is running)

So is the conclusion right? Mostly yes, but let me be precise about the mechanism:

Correct: Maker on PulseChain cannot be used like it was on ETH for normal operations — because https://t.co/wS1QGSPn8I = 0. You can’t open vaults, draw fresh DAI against collateral, or run the normal CDP flow. The core engine is caged. That part of the conclusion is solid and node-verified.

The nuance: it’s not https://t.co/fjUqjoJmwF that cages the collateral — it’s https://t.co/wS1QGSPn8I = 0. https://t.co/fjUqjoJmwF = 1 doesn’t contradict the cage; it’s the shutdown process being active. During Emergency Shutdown, the End contract stays live to handle the settlement phase (End.cage(ilk), End.skim, End.thaw, https://t.co/bru98USOwc, redemption via https://t.co/NzDE7xh3o7). So https://t.co/fjUqjoJmwF = 1 actually means the shutdown/settlement machinery is available — which is a different set of operations than normal Maker.

What this means practically — and it’s important for the neutral frame:

With https://t.co/wS1QGSPn8I = 0 and https://t.co/fjUqjoJmwF = 1, the system is in Emergency Shutdown / settlement mode. In that mode:

•❌ Can’t use it like normal Maker (no new CDPs, no fresh draws) — cage confirmed
•✅ BUT the End’s settlement functions are available — https://t.co/NzDE7xh3o7 lets DAI holders redeem for a proportional share of collateral, https://t.co/bru98USOwc lets vault owners reclaim excess collateral, etc.

So the fuller, more precise conclusion:

Maker on PulseChain cannot be used for normal CDP operations — https://t.co/wS1QGSPn8I = 0 caged the core engine. But it’s not “dead,” it’s in Emergency Shutdown mode (https://t.co/fjUqjoJmwF = 1 = settlement process active). The normal “draw DAI against collateral” flow is dead; the shutdown/redemption flow may be available. So “can’t be used like on ETH” is right for normal use, but the ESM settlement machinery is a different, potentially-live surface.

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

@tigercryptoG @DeFiTriggs lol ok buddy

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

@CrusherHODL @NineIronCapital @yourfriendSOMMI You’re doing the lords work, sir

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

Basically, FD34 may not be cashing out the aDAI at all. The idea is that 1967 could use that aDAI position as part of a system that moves its value from the L2 over to PulseChain, where it can be settled and used in the broader pDAI setup.

So the approval may be less about taking profit and more about putting a major capital to work.

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

I’ve been saying this for almost a year now, and I’ll never backed down

#PulseChain season is coming

@RichardHeartWin, @LibertySwapFi, and the builders will lead the believers into Valhalla

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

Wake up, people.

This is a believers cycle.

This is #PulseChain"s first-cycle-unicorn moment.

This is the first cycle where the world's first truly decentralized stablecoin will peg to $1.

Billions will flow privately and proud through the @LibertySwapFi portal.

[p-DaiMaxi @NineIronCapital]

@bubz0pls @yourfriendSOMMI Yes. 👊

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

Are you saying FD34’s aDAI isn’t mainly about unlocking three years of interest, but about using the position itself across layers? In other words, collateral is added on the L2, the aDAI derivative is transported or recreated on the L1 through Portal, then settled later through backUnbacked.

That would make the approval to 1967 part of a migration and settlement path, not just a way to cash out yield. Is that what you mean?

[b̵u̴b̴z̸.̶p̵l̵s̴ @bubz0pls]

@GigaTheMinter You and @BrandonBBMe are gonna be great friends soon

[Liberty Swap | Bridge to PulseChain, NOW 🎆 @LibertySwapFi]

He is coming

PulseChain to $1