Mandelbrot 🥩 รีทวีตแล้ว

There are lots of moving pieces with the pDAI peg.
We may not have a clear Maker-style issuance system yet...
but we do have a lot of key infrastructure forming around it.
High level likely sequence from what we can see:
Market maker marketplace
- 1:1 quotes vs DAI
- minimal liquidity needed to reprice at this level of LP
StableSwap + 1:1 routes
- lock in tight parity across chains
Compound
- pDAI added to already updated Oracle
- liquidations fire
- bots rapidly buy pDAI off the market and redeem for discounted collateral
People keep asking what happens to all the sell pressure at $1.
Whilst Compound is poised, waiting to suck in over 600bn pDAI.
#pDAI to $1
#PulseChain season
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