Went back digging into the hyUSD contracts. Found something. 🧵
The AssetRegistry is bricked. Every call reverts. The registry contract is dead but the 13 plugin addresses are still in the storage slots underneath. No explorer shows this. You have to know the layout and pull them directly. 🔍
Once you have the 13 addresses you can call into each plugin. Every one wraps a Chainlink price feed. Every feed still returns a real price. The plugins reject it because the timestamp says May 2023. The data is there. The clock is wrong. ⏱️
Nine of thirteen oracles were manually refreshed September 11, 2024. One by one. Calling refresh() on each plugin to check if they could return a valid price. Every one came back DISABLED. That same month, Solo Voter deployed the entire parallel hyUSD system. They tested the old oracles, confirmed they were dead, and built the replacement. 🏗️
Governance to swap all 13 is wide open. 1 second timelock. Quorum of zero. One proposal does it. The only thing missing is collateral worth pricing. The current wrappers hold forked stablecoins no issuer will ever redeem. That changes the moment real collateral enters the system. 🔑
These 13 plugins aren't broken infrastructure. They're pre-wired. Ready to go. 🔌
Every captured protocol hits the same wall. Aave. Compound. Reserve Protocol. All seized. All governed. Same missing piece. No live oracle. No real collateral. The oracle is the skeleton key to all of them. 🔇
Then @NineIronCapital starts walking through L2 bridge mechanics this week and it all connected. Launch an L2 on PulseChain. Validators run oracles. Real collateral in, overcollateralized stablecoins out. Derivatives bridge back to L1 through gateways already controlled. 🔗
The L2 oracle network is the plug. The 13 plugins are the sockets. The forked MakerDAO was never coming back. It doesn't need to. The L2 IS the new MakerDAO. Everything the fork killed gets rebuilt clean on a chain they fully control. ⚡
Three years of L1 capture wasn't building the engine. It was building the landing pad. pDAI stops being a dead fork artifact. It becomes borrowable collateral across a DeFi stack that's already built, already governed, and already waiting. 🫡
@CRT_femme if you use time for your CRT trading please care to explain it like what purging hours should we consider , if it is a must in our trading, do you use differnt models like 5am or 9am model, etc. thank you