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The Crypto Treehouse
119 members • Free
39 contributions to The Crypto Treehouse
Mar 27 •Â
Stay Strong My Friends
Hello all. I hope you are holding up well amongst this blood. I won't sugar coat it, its looking pretty tough for Pulsechain right now. The pDai minting exploit is a major leaky boat for the ecosystem and is permanent as there is burnt liquidity. There is minor hope with DAO voting, but I am not holding my breath. Biggest FUD in the history of hex and pls imo. But I don't think its over. I am very interested to see how the ecosystem recovers from here. Ofc, great outlook with the SEC case so that helps. Being honest, Pulsechain does not have great tech; the biggest asset is its community. It has survived a lot, and it will probably survive this. No stress if you dont want to allocate more. Just hold tight if you can and enjoy the ride. If you want a diversification play, Sonic is a good one. If you guys need anything I am here to help :D
2 likes • Mar 28
"This too shall pass" ... Hopefully. No but really I think we'll be just fine. IF I were to go looking somewhere else to put money it would be Ethereum, since it's garbage now but I think it will eventually go up. However if ETH goes up then Pulsechain will probably as well. The point is that there's not really any reason to leave that won't land you in basically the same position you're in now imo.
Feb 11 •Â
HEX Yield Reduced
So I got to ask the question now. With ~90% of HEX staked, the average APY should be ~4%. What is the incentive for someone to deprive themselves the ability to capture price increase, in exchange for an extra 4%?
Feb 7 •Â
Inflation Lowered Across All Pulsechain
OA staking billions of hex for 7 days = halving of inflation. Tshare rate gonn skyrocket when it ends the stake. Inc inflation 1/s -> 0.1/s; a 10X decrease in inflation. TVL in farms gonna drop = easier to pump. Prepare for volatility friends.
2 likes • Feb 8
Well my least favorite thing about INC has been fixed. Also isn't the share rate going up a bunch the equivalent of a large payout for stakers?
Jan 26 •Â
pDAI Pegging and pMaker Collateral
I've had this technical question for months now, I've been asking around X and no one seems to know or want to tell me. The basic proposal for pegging pDAI is for the OA/Sac wallets to be used to "collateralize" pDAI using the core coins. Some people, myself included, would see this as functionality inflating the market supply of the core coins massively, because someone can deposit pDAI and extract those coins into the market. The counter argument I've been told is that those core coins could not be redeemed against. My question in response to that is: If the "collateral" cannot be redeemed against, what is it's purpose, and what then is the mechanism for keeping pDAI at $1?
1 like • Jan 27
Thank you sloth for the explanation. This proposal seems like a very dubious idea to me then. In a situation where the prices of the cores goes down substantially, I see that it would only get magnified if you had the pMakerDao dumping it's own supply into the market to save itself, all while individuals are dumping simultaneously. It would be like leveraging the entire market if this proposal actually happened. I could totally be missing something here. At the end of the day I don't have the best understanding of these things.
Jan 23 •Â
Hello My Friends
Hey everyone! Just a friendly post checking in to see how you all are doing. Markets are pretty meh rn. Great buying opportunities. Personally, I am looking to scoop up more eth. But, all PLS core tokens look fabulous for more accumulation. Also, you can grab more of the major alts in pls too: pDAI, pTGC, HOA, Solidx, NOPE, AXIS, DARK, etc. Basically, anything you believe has legs, now is a good time to accumulate some more.
3 likes • Jan 23
Is it just me or did we round trip from "it's so over" to "we're so back" to "it's so over" again all in the past like two weeks lol.
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