

Defi Holliday
177 posts

@Defi_Holliday
PlusX Ecosystem: A Growing Suite of Defi Protocols | Telegram: https://t.co/CvWV2Roetf










In the midst of a relatively choppy period for prices in the #PulseChain ecosystem following $PRVX going live, one address has made it a little extra challenging to hold a floor in $PLS: 0x7435af923c222e9113ca404803fbeab99bb4fa70 At one point in time they had a relatively large ValidatorX (uPLS) position, which they've been exiting in exchange for the underlying $PLS. In the last 2 weeks they've sold a little over 15b $PLS for ~$132k (some in 15-35k chunks), and are sitting on 5b liquid right now. Since December, they've been dumping their PulseChain bags repeatedly and rotating all of the capital to Monad, with a total of $305k dumped and bridged out in that time. Looks like they've made full exit from ValidatorX (and the rest of their bags), so aside from the $PLS they've got liquid they may be at the end of their little dumping spree.




I didn't Sac, but I did get a good entry price. #PRVX the On Ramp Platform (Fiat to Crypto) with no middleman is a great way to onboard new people, bring capital into the Ecosystem, and earn yield the DeFi way through the PlusX LP Pool at 128% APR is a win-win. lpx.plusx.app/?state=dashboa… @PlusxApp @DaveLEV4us @JGoldX369

LPX is brilliant. Let your tokens work for you.








🎯 LPX just hit $20M in trading volume! Real protocol ✅ Real users ✅ Real yield ✅ 94,740 transactions each making a yield for the users. PlusX team is focused on delivering real yield. PlusX.app 🚀 Put your PRVX tokens to work








Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface. Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox. The user confirmed the warning on their mobile device and proceeded with the swap, accepting the high slippage, which ultimately resulted in receiving only 324 AAVE in return. The transaction could not be moved forward without the user explicitly accepting the risk through the confirmation checkbox. The CoW Swap routers functioned as intended, and the integration followed standard industry practices. However, while the user was able to proceed with the swap, the final outcome was clearly far from optimal. Events like this do occur in DeFi, but the scale of this transaction was significantly larger than what is typically seen in the space. We sympathize with the user and will try to make a contact with the user and we will return $600K in fees collected from the transaction. The key takeaway is that while DeFi should remain open and permissionless, allowing users to perform transactions freely, there are additional guardrails the industry can build to better protect users. Our team will be investigating ways to improve these safeguards going forward.

