| son of d b cooper | ai engineer | web3 dev |
Joined May 2023
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They say pDAI needs $44 billion to peg
It doesn't
The real number is closer to $500 million
Off by 100x
This drop shows the maths. How market cap actually works. How USDC actually works. And where pDAI's 44 billion tokens actually sit
Drop 1 of many...
THE FLOAT
Within cells interlinked
Repeat 3 times. CELLS
CELLS
Within cells interlinked
Within cells interlinked
๐ค Made with AI
โโ๐โ๐ปโ โ retweeted
โค๏ธ๐๐๐
๐จ BREAKING ๐จ
PulseChain turns Hulk Mode.
๐ข PulseChain (PLS) is up +21% as rumors circulate that Ethereum is it's Testnet
๐ข Hex (HEX) is up +36.9% because it's a Better Bitcoin
๐ข Incentive (INC) is up +24% due to the Green Logo
๐ข pDAI is up +20% because it's smelly garbage
$pdai to $1
401 billion pDAI sits in a handful of wallets
90 percent of the entire supply
Everyone sees it as the reason the peg is impossible
It's the opposite. It's the reason the peg is possible
DROP 2: The Pioneers and The Vaults
Drop 1 plus Drop 2
Sellable float. 1 to 2 percent. Costs $200M to $800M to absorb
Pioneer supply. 90 percent. Vaulted.
Released only above $1
Fork balances. Frozen in dead contracts
There is no $44 billion problem
There never was