Top Tweets for #pmkr

[IT'S ALL ABOUT BALANCE] ⚖️ [PSM, PAI & Burning PMKR] In ~40 hrs the pMaker PSM goes LIVE! The PSM will initially accept only eDAI / Bridged-DAI (pDAI comes later). Here are the main parameters: 📈 Debt ceiling (Line): 10,000 PAI → Users can mint up to 10,000 PAI collectively through the PSM. 🥁 Tin (mint fee): 0.5% 🎺 Tout (redeem fee): 0.1% Any and all fees generated by the system flow into the surplus buffer. Once it hits the threshold (currently 5,000 PAI), it moves into the 🐦 Flapper. 🔥Keepers then run a Dutch auction to buy the surplus PAI with PMKR, the PMKR is burned. This is the autonomous value-recycling / buyback mechanism that creates long-term deflationary pressure on PMKR when the protocol is profitable. But I digress, and the other params look solid for tight arbs. ♾️ This is the real test we’ve been waiting for. We’ll finally see how effectively arbitrage holds the PAI peg using real bridged liquidity. That tight peg is what supercharges the entire flywheel: 1️⃣ Mint PAI 2️⃣ Use PAI to compound your collateral 3️⃣ As collateral price rises, your CR improves naturally 4️⃣ Mint even more PAI from the same collateral without adding extra funds 5️⃣ Repeat. All while keeping CR comfortably >250% with far less fear of price impact to PAI 🎯 If the arb keeps the peg tight and stable, governance can responsibly crank debt ceilings much higher across the board (including pDAI once its proposal passes 🗳️) It’s a balancing act in the early days: 🔸️How much debt we open × how fast the market can absorb it and recover price Open the taps too wide too early → risk deep de-pegs. Keep them too tight → we don’t scale with adoption and leave growth + profit on the table. We need to flow with Pulsechain’s current momentum, compounding while building strong floors beneath us. 🟢 PSM success = green light to scale safely. Very excited to watch it play out 🚀

🔥 Maker really is still alive 🔥 The HAT lives on. It's been moved onto another, LIVE, DSChief - meaning the ability to pass votes still exists and hasn't been shut down. Not only that but there's a proposal sitting there... awaiting execution. Why move the HAT to keep governance live? Why then queue a proposal? v2 is loading... so too is the peg #pDAI to 1 dollar https://t.co/75FNtRgSA5

🟢 New forked pMKR front-end is live! Supposedly it's been in development for over a year, but has coincidentally just been released only a day after the original copied MKR was shut down. Check it out: h ttps://bafybeigqyie5fds2l5gbwyedmnhnwnt6ujtv25gspt5xnwbjp6d745rfpy.ipfs.dweb.link/ I'm not recommending to interact with any of the contracts. Doing so would be at your own risk.

The pDAI cancer may be coming to an end. 22 hours ago someone ran the fire function on the ESM module, which runs the cage function in the end contract, which begins the shut down of the system. The system is in shutdown mode as evidenced by "live" having a "o" for status in the "end" contract. Here's a link to what people can do now they couldn't do before, and a description of what the timer has to do with it all. I'm not a dev, I gave it a quick glance, do your own research. Docs: h ttps://docs.makerdao.com/smart-contract-modules/shutdown/end-detailed-documentation End contract: h ttps://scan.mypinata.cloud/ipfs/bafybeih3olry3is4e4lzm7rus5l3h6zrphcal5a7ayfkhzm5oivjro2cp4/#/address/0x09e05fF6142F2f9de8B6B65855A1d56B6cfE4c58?tab=read_contract Looks like someone is running the "free" commands in the "end" contract for the first time. h ttps://scan.mypinata.cloud/ipfs/bafybeih3olry3is4e4lzm7rus5l3h6zrphcal5a7ayfkhzm5oivjro2cp4/#/address/0x0e2e8F1D1326A4B9633D96222Ce399c708B19c28 ESM: "h ttps://scan.mypinata.cloud/ipfs/bafybeih3olry3is4e4lzm7rus5l3h6zrphcal5a7ayfkhzm5oivjro2cp4/#/address/0x09e05fF6142F2f9de8B6B65855A1d56B6cfE4c58?tab=read_contract" Links broken on purpose, as usual, for the algo.

People are asking me for a timeline. Well, we all know how good I’ve been at those in the past… so here’s another. My guestimation of events are as follows: 1-2 weeks; PANIC. the powers that be continue to spread FUD amongst the community. Pointing to the ‘exploit’, selling #pDAI and using strong, scary language. 2-4 weeks; Panic for some, reassurance for others. The team has enough pDAI and clears the remaining bad debt. But now someone is buying pMKR tokens and seizing control of the protocol! 4-6 weeks; wait a minute… the new owners have resolved the issue. Are these good guys? 6-7 weeks; the tune changes. The big man points out that the ‘exploit’ has been resolved. Maybe he can come in and save the day? 7-9 weeks; pump city. 10-12 weeks; front ends, lending protocols, staking. Everything we’ve been tracking comes to light. The big man saves the day by providing backing collateral. Then the real fun begins ♾️