MoonBoot89

Building Pulse chain one button click at a time.
HVAC/R business owner.
Working hard for a better tomorrow for all of us.

[Bizzee P @Bizzee_P]

Ok @TurntSalty now I get it. 🧠

RH in 2020: "tail end risk that if the system fails, you get the overcollateralized ETH, which in theory is worth more than the DAI's notional value. Thus +EV."

He understood exactly what MakerDAO's shutdown module does. If the system cages properly, DAI holders redeem for overcollateralized collateral. On Ethereum that's ETH at 150%+ ratios. On PulseChain that's WETH which IS PLS, 1:1. 🔁

Now think about what happens if PulseChain reprices. All that forked collateral sitting in CDPs suddenly has real dollar value. And the End module's redemption flow (pack, cash) would let ANY pDAI holder claim their share. 💰

44 billion pDAI. All of it with a claim on overcollateralized PLS. Uncontrolled distribution to whoever holds the token. 😳

So they killed it. 🔪

Cattie caged the Vat directly, bypassing the End module. ESM was loaded with 300K pMKR but fire() was never completed. Governance was bricked. The redemption flow can never execute. Collateral is trapped in CDPs with no claim path. 🔒

RH said "the ESM doesn't even do what everyone thinks it does lol." He's right. People thought the ESM was an attack. It was a lock. Prevent the overcollateralization payout from going to random holders. 🔐

Then they build a new system. Reserve Protocol. Fresh contracts. Captured governance. Solo voter with a 1 second timelock. pDAI already registered as collateral. Basket waiting to be configured. OA wallet ready to capitalize. 🏗️

Old MakerDAO: overcollateralized PLS claimable by anyone. Liability. ❌
New Reserve Protocol: controlled collateral, controlled governance, controlled peg. Asset. ✅

MakerDAO wasn't killed because it was broken. It was killed because it worked too well. 🧱

TL;DR: MakerDAO has a built in refund button. If the system shuts down, your DAI gets you back more collateral than it's worth. On PulseChain that collateral is PLS. If PLS moons, that refund becomes massive. They disabled the refund button and are building a new system where they control who gets what. 🫡

Receipts 🧾

hyUSD Governor (25 proposals, all from solo voter): https://t.co/04VUKhaTxt

pDAI registered in hyUSD AssetRegistry: https://t.co/M6Tgf1WRuP

Pioneer 1967 funded solo voter 48Fc (20K PLS): https://t.co/hPafSmBRXg

[MoonBoot89 @Moonboot89]

@rKang_0x Allow me to make a suggestion. Not every one reads code well. Have an requirement to spell out in English what each spell does, not just verified contracts. This may allow these spells to pass

[MoonBoot89 @Moonboot89]

@SIN3R6Y Rabby wallet support for app.icosa . pro would be great also

[MoonBoot89 @Moonboot89]

@SIN3R6Y @piteasio Communis support would be great. Lending protocols like earn, liquid loans, hexdc, incd. Would be great for a wallet to interact with those contracts directly as front end attacks and downtime would not be a great thing.

[MoonBoot89 @Moonboot89]

@rKang_0x is there a resaon people cannot bid onn the clip auction? Seems they get failed attempts every time they try with the clip auction currently going on

[MoonBoot89 @Moonboot89]

@RichardHeartWin If I can't stomach multiple 90 percent drops in the market then I dont deserve the 100x. If you can't stomach the hate then you dont deserve the glory.

I appreciate and see you @RichardHeartWin Thank you for all the cool shit you know and do!

[MoonBoot89 @Moonboot89]

@rKang_0x would it compliment the system to add pai/plsx, pai/hex, pai/inc pools too?

[MoonBoot89 @Moonboot89]

@rKang_0x ? about the psm. When pai is above a doller we can deposit edai and mint pai and sell for profit. But if pai never gets the chance to be above 1$, then do edai will be deposited in the protocol. Is this the correct way to look at it?

[MoonBoot89 @Moonboot89]

@rKang_0x That's not the answer to the question I am trying to ask. Who is going to put the edai up for a ratio swap 1:1? How does the protocol get the edai?

[MoonBoot89 @Moonboot89]

https://t.co/uT7mZGQCcM

[MoonBoot89 @Moonboot89]

Hey big dogg @RichardHeartWin throw that weth from the sac into steth and throw them into a tight v3 lp. Take the fees and buy #pulsechain with it. Weth/steth/wsteth all good options for tight v3 lp's. Gtg fix some A/C's, peace out big dogg

[MoonBoot89 @Moonboot89]

@RichardHeartWin Love it

[MoonBoot89 @Moonboot89]

@RichardHeartWin Pair it to INC. Then that way the sellers have to sell through inc>plsx>wpls>weth or dai. Buys and burns the most. Make sure there is a v1 pair. Also for no pairing at all and make users make their own pairs. There may be less selling if that happens.

[MoonBoot89 @Moonboot89]

@stridentcitizen I offended he uses Jesus Christ name in vain. Kick him

[MoonBoot89 @Moonboot89]

@stridentcitizen Pete had a god co n plex. Kick him

[MoonBoot89 @Moonboot89]

@RichardHeartWin That's my cock. It has a fist and I use it to drive.

[MoonBoot89 @Moonboot89]

@PulseProveX Decentralized

[MoonBoot89 @Moonboot89]

@RichardHeartWin @PeterSchiff Pulsechain

[MoonBoot89 @Moonboot89]

@binance 3531