Crypto Chilling

[Crypto Chilling @CryptoChilling1]

NOT PRICE PREDICTION!
My interpretation of $PLS buy border.
I dont see a bottom price growth in $PLS only price pump, therefore price buy border is horizontal until something happens! (Although $PLS MIGHT still pump harder than $PLSX during bullmarket.)

[Crypto Chilling @CryptoChilling1]

@j00ny369T This is annoyingly uninteresting!

[Crypto Chilling @CryptoChilling1]

@RichardHeartWin I believe in HODL because Richard Heart is a winner! Always bet on winners!

[Crypto Chilling @CryptoChilling1]

@RichardHeartWin Funny!

[Crypto Chilling @CryptoChilling1]

@RichardHeartWin How are you? and tell a little about the SEC lawsuit because that must've been stressful.

[Crypto Chilling @CryptoChilling1]

@RichardHeartWin Damn that is an excellent logo! On point with simplicity

[Crypto Chilling @CryptoChilling1]

@RichardHeartWin Wallet chat system using coins.

[Crypto Chilling @CryptoChilling1]

@elon Please make your cars use alarm and ventilationsystem when someone is trapped inside the car. I'm tired of kids and animals dying in vehicles

[Crypto Chilling @CryptoChilling1]

@RichardHeartWin Shame that no one in mainstream crypto media is having Richard Heart as an asset. But then again mainstream media is a propaganda device.

[Crypto Chilling @CryptoChilling1]

@StoryTeller_17 @RichardHeartWin OVER

[Crypto Chilling @CryptoChilling1]

@RichardHeartWin Safe and simple. Optional advanced features version able to be enable or disable.

[Crypto Chilling @CryptoChilling1]

@MarioNawfal Don't believe that until science approves it. "Eat da parasite pleb, it's good for you!."

[Crypto Chilling @CryptoChilling1]

PLS is down because ETH is down! When ETH goes up PLS will go up. That's it! $PLS

[Crypto Chilling @CryptoChilling1]

@ColinTCrypto @PersiTraveler @yourfriendSOMMI DAI was designed and meant to be 1 dollar, not designed to be forked and grow to one dollar. Weird exploit stuff happened with taking a loan and making a profit because of uneven balance between coin value. Something like that.

https://t.co/YpNisWMKxf

[burritos.cash on Pulsechain @burritoscash]

Here is my take on $pDAI on PulseChain.

The Oracle still reports asset values at the Ethereum era. For example, Wrapped Ether is shown as worth about two thousand dollars when in reality on PulseChain one Wrapped Ether is worth around 0.0003 dollars. This large error makes vault collateral appear much more valuable than it actually is.

Early players or insiders who already had vaults can still mint DAI based on these inflated values. They take advantage of the fact that a vaults collateral is valued far above its true market price so they are able to mint excess DAI. In theory once a vault reaches its debt ceiling it should not allow any additional minting. However legacy vaults that were created when the Oracle was reporting inflated values may have already minted DAI beyond the current ceiling. The system does not force these vaults to repay their excess debt so they continue to operate with legacy positions above the limit. This explains why only those with pre-existing vaults can take advantage of the mispricing while new users cannot replicate the exploit.

Active collateral ceilings across all types add up to about 25.22 billion DAI while the global pDAI debt ceiling is approximately 26.13 billion DAI. The total DAI supply is near 24.57 billion DAI and the system surplus is negative by around 545 million DAI. Some collateral types now have a ceiling of zero which is most likely due to legacy debt remaining from when the ceilings were higher. This prevents new minting on those assets but does not remove the earlier debt.

The most likely scenario is that the Oracle error is the root cause. The mispricing allows a select few with legacy vault access to profit by minting DAI based on false collateral values. For anyone new the opportunity is very slim because most vaults are already capped or over their limits. Any attempt to use flash loans would face the problem of locked collateral and strict debt rules.

The system is at risk because the Oracle remains frozen at inflated prices. Fixing the Oracle to reflect real market values is critical to align collateral health with true prices and to close these exploitative opportunities. Once the Oracle is updated the system would immediately recognize that collateral is worth far less than previously reported. This would force legacy vaults to appear undercollateralized and require vault holders to add collateral or repay debt. Additional adjustments to risk parameters such as collateralization ratios and stability fees may be needed to restore the peg to one dollar.

Now consider this. Right now Maker thinks one Ether is two thousand dollars but one Ether on PulseChain in its true form is equal to one PLS which is currently worth only about 0.00003 dollars. Even if pDAI pegged to one dollar and hypothetically brought the price of PLS up to one cent or even one dollar that would still be a huge mismatch. Maker would still think Ether is worth two thousand dollars when in reality it is equal to one PLS which in any realistic scenario is only worth a cent or a dollar at best. This situation would not help solve the issue but would only make the death spiral even worse. We are fortunate that pDAI is not worth more right now given this exploit and it is clear that the first step must be to patch the Oracle.

In conclusion updating the Oracle is the essential first step. Only then can the system align collateral values with true market conditions and close off these arbitrage opportunities. Without the Oracle update legacy vaults and insiders will continue to profit at the expense of the system. Addressing the Oracle mispricing and then recalibrating risk parameters is the only path to restoring stability and preserving the peg.

[Crypto Chilling @CryptoChilling1]

@FoxNews @NASA Glad the astronauts are back safe!

[Richard Heart @RichardHeartWin]

he correct price for any inflation bugged thing is near $0. Though experiment: Some guy borrows a pDAI for nearly nothing, sells it and anything he makes is basically pure profit. Which drives the pDAI price down. So he can pay back his loans. Which he wouldn't need to do, unless there was a borrowing cap, which there likely is, or why not just nuke to 0 in one go like most inflation bugs. So then after he's bought back lower, he can just reborrow for free again, and nuke again, rinse and repeat, just waiting for any green candle to sell down.

Also, the holders of MKR on Ethereum have the keys to nearly all the MKR on PulseChain, and they could just execute the Emergency shut down feature. Good luck sucking that middleman D.

TLDR; who cares about a bugged, risk laden, exploited, fake stablecoin?

[Crypto Chilling @CryptoChilling1]

@KatieePCrypto Strange to see people expect to become millionaires like its a done deal. Pulsechain hasn't pumped over its sacrifice rate. + Democrats fudding crypto.

The Pulsechain network will pump when Ethereum pumps. PLS will reach ATH when ETH reaches ATH. Until then...Enjoy the shitshow

[Crypto Chilling @CryptoChilling1]

@KatieePCrypto Strange to see people expect to become millionaires like its a done deal. Pulsechain hasn't pumped over its sacrifice rate. + Democrats fudding crypto.

The Pulsechain network will pump when Ethereum pumps. PLS will reach ATH when ETH reaches ATH. Until then...Enjoy the shitshow

[Crypto Chilling @CryptoChilling1]

Sad to say this but in my opinion pDai is like Luna from the last bullrun. Things are not looking good at all.

Pulsex seems to be the only stable coin that increases in price from the bottom. Very slowly though.

[Crypto Chilling @CryptoChilling1]

@yourfriendSOMMI By accounting law this would be criminal to do and the organization would have more unaccounted money spending which would make it look worse, like money vanishing/laundering. Stuff like this can shut organizations down.

[Crypto Chilling @CryptoChilling1]

@TomShady5555 Correction I meant to say 0.00006

[Crypto Chilling @CryptoChilling1]

@TomShady5555 It's not crashing the value its fixed at 0.00004 in my price prediction with variations of pump and dumps. My prediction is that it will keep hover around 0.00004 until something happens.