Something big is being built for pMINT.
A new layer. Permanent. Structural.
Locked positions. Generational tiers. Math that rewards conviction and punishes weak hands.
The Reserve Class is forming.
Get your pMINT ready.
$pMINT $pDAI #PulseChain
https://t.co/VXKN468pMK
Mine $pMINT with $pDAI. Get 90% back in 24h. Earn $pDAI dividends forever.
No presale. Renounced contract. Cycle 7 of 32.
https://t.co/HFILNQ436L
@pMINT_pDAI#PulseChain
There are lots of moving pieces with the pDAI peg.
We may not have a clear Maker-style issuance system yet...
but we do have a lot of key infrastructure forming around it.
High level likely sequence from what we can see:
Market maker marketplace
- 1:1 quotes vs DAI
- minimal liquidity needed to reprice at this level of LP
StableSwap + 1:1 routes
- lock in tight parity across chains
Compound
- pDAI added to already updated Oracle
- liquidations fire
- bots rapidly buy pDAI off the market and redeem for discounted collateral
People keep asking what happens to all the sell pressure at $1.
Whilst Compound is poised, waiting to suck in over 600bn pDAI.
#pDAI to $1
#PulseChain season
@cryptoexclusiv @PdaiYacht369 I know the story - Iโm asking whether you have an idea how pdai gets to $1?! By what mechanism?! And how it holds?! Magic, hopium and clues wonโt cut it.
@LipshittzA@beyond_broke If you fancy a crypto punt with more gains than XRP? Buy $100 of pDAI on Pulsechain that may become a DeFi stable - x900 ๐ ๐