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p-DaiMaxi Profile picture
p-DaiMaxi
@NineIronCapital
$pDAI is a government proof, immutable, unchangeable, PulseChain stable coin. NFA. 0x6B175474E89094C44Da98b954EedeAC495271d0F TG: https://t.co/xKATJp6QkN
Dec 13, 2024 • 8 tweets • 3 min read
1/x $pDAI's on-chain activity has skyrocketed:
- $pMKR vaults using $pwBTC are working again!
- RHs AMM used $pCOMP to raid $pMKR!!
- $cDAI continues to be minted, but why?
$pCOMP started $pDAI's depeg, is its repair the last item before repeg? $pDAI to $1. #PulseChain 2/x Firstly, to start with $pWBTC. The 205 wallet is the first wallet to mint $pDAI using $wBTC in the $pMKR vaults since July 2023. Here is the $pMKR vault being setup and used. Something has changed.
scan.mypinata.cloud/ipfs/bafybeidn…Image
Dec 11, 2024 • 6 tweets • 2 min read
1/x Everyday we learn something new about $pDAI. Have you noticed $CHAI this week? Chai is a PRC wrapper that allows liquid staking of $pDAI using the $pMKR savings rate. $pDAI is inevitable. #PulseChain
You can find its website here: chai.money/about.htmlImage 2/x WARNING: This is not a token to rush out and buy. Its price should be $pDAI + $pMKR savings rate (which is ~$0.03 today). There is ~28m locked in $ETH but I have not completed any due diligence so the risk is yours if you decide to use it. DYOR.
Dec 8, 2024 • 9 tweets • 3 min read
1/x Setting the record straight about what $pDAI posts are right vs what i was wrong on.

To the $pDAI fam: Sorry for messing up. Ill do better.

To the haters: Your comments are a projection of your mental state. I hope you find peace.

$pDAI to $1 is inevitable #Pulsechain 2/x Firstly, none of my prior research is related to, or impacted by the mistake i made on the executive vote. Importantly, there is no connection between the wallet that bought the bottom and the executive vote. The hat tip/M'lady is likely linked to RH
Dec 7, 2024 • 6 tweets • 2 min read
1/x Six hours ago, RH voted to change the $pMKR governance. $pDAI is about to change the lives of everyone involved. The HAT has executed the communities wishes. $pDAI pegging to $1 is inevitable. RH is creating crypto's most decentralized stable coin. Here is proof #Pulsechain 2/x Here is the proposal of the executive vote :

$pDAI $HEX $PLS $PLSXotter.pulsechain.com/tx/0xf98e58c87…
Dec 7, 2024 • 11 tweets • 7 min read
1/x $pDAI's path towards $1 took a major step forward today. There are so many questions about what is happening and plenty of FUD. Two Q's: Who sells the top and buys the bottom? Who cancall $pMKR? It is the HAT, and only the HAT (RH). $pDAI to $1 is inevitable #Pulsechain 2/x The 7eAA wallet locked up 36.9 $pMKR into $pMKR's governance contract. It voted 'yes' and minted an IOU contract (required to add to the HAT). The executive vote needs more $pMKR in IOU than it had at the last vote to pass.
otter.pulsechain.com/tx/0xbfdbcc83d…Image
Dec 2, 2024 • 9 tweets • 3 min read
1/x $pDAI is RHs stable coin. He wasn't communicating that $pRSR was part of his plan, merely that its structure has benefits in $pDAI's peg defense. $pDAI's future is becoming clearer, and it is the most well thought through stable coin in crypto. It is inevitable #Pulsechain Image 2/x Above is what i believe RH is building. You have three lines of defense. The OA bags collateralize $pDAI as we have always thought and it what drives the inevitable peg to $1. None of this changes the path to pegging, it is all related to how we stay pegged
Dec 2, 2024 • 12 tweets • 4 min read
1/x RH - Message received. Forgive me, my prior post about $pUSDC was wrong. Here is why $pUSDC is critical to $pMKR and the $pDAI peg and what our friends have communicated on chain.

TL/DR: $pDAI will have >$28bn to defend its peg. Its path to $1 is inevitable. #Pulsechain 2/x Firstly, what did i get wrong? The 2199 vault in $pMKR is not a collateral pool. It is a vault that it solely dedicated to the peg stability module. The PSM is a permissioned vault that the HAT (admin) can use to defend the $pDAI peg. Image
Dec 1, 2024 • 12 tweets • 3 min read
1/x $pMKR is a decentralized Autonomous Organization. It benefits from diverse opinions and thoughts. @Seba369x and @ercwl have raised logical points for us to consider. So lets do that here in lieu of a better forum to discuss it in. $pDAI to $1 is inevitable. #PulseChain 2/x Firstly, what we are discussing? The debt ceiling of the $pUSDC vaults in $pMKR. As a note, $pMKR has multiple debt ceilings, one sets a limit of how many $pDAI can be minted across all vaults, and one sets a limit on how much $pUSDC can be used to mint $pDAI.
Jan 28, 2024 • 25 tweets • 11 min read
1/x $pDAI is inevitable. Here is proof that:

1) @RichardHeartWin is in control of $pMKR
2) RH is reprogramming pMKR to operate on #Pulsechain
3) A recapitalization of the pMKR can establish the peg.

Ever wonder why RH tested PRC pools? It is for $pDAI / $pMKR. $HEX $PLS $PLSX Image 2/x In the early days we discovered a 547 $ETH payment using tornado cash to the $MKR team. We were wrong about that. After analyzing this transaction again, and spending days understanding the $MKR system, it is clear this was RH taking control of MKR.

Aug 19, 2023 • 17 tweets • 6 min read
1/x Blockchains don’t lie. $pDAI was destined to be #Pulschain’s native stable from well before launch. ATROPA, USDC, and Lido are all helping. A thread: 2/x Lets start with MKR vaults. None of the 20 wallets staking vaults had assets in them post the Pulsechain fork. Here are the vaults: maker.defiexplore.com