Richard mentions "at a good rate". How then is the RATE of swapping PLSX for PLS determined?
Thank you 👍😎
Read it. So the invariant formula determines the rate, which is the total PLS * PLSX. And swaps between PLS and PLS take place, that invariant is updated. So it's supply and demand driven. Did I get it?
Yes, everything just like it always is. The only difference is that all the swaps occurs at zero market value and once the bridge opens, all the AMM coupled assets instantly get a non-zero market value.
To be clear, all PRC tokens will be able to be swapped in this interval before the bridge opens. With liquidity harvested swapped converted to PLS?
HEX's price went up the fastest when its liquidity was the lowest. Bitcoin's price went up the fastest when its liquidity was lowest. Ethereum's price went up the fastest when its liquidity was the lowest.
Yes, anything that will be available on DEXes with a frontend, meaning Uniswap v1 and v2, and PulseX. Other DEXes will only be available with "command line" style, so to coders only.
And in the harvesting and swapping to Pulse by the bot, does that thereby set the invariant rate?
The bot only undoes the distortion from the over 1Mx increase in the supply of the network utility token
The network utility token will be diluted by the airdrop. The fixer bot fixes that in AMM pools
Man my limited brain is struggling to keep up. But I am in a much better position I was a couple hours ago! Thanks
How long have we got to sacrifice
Read @RichardHeart tweet thread
Plenty of time. Bonding curve starts only on January 10th.
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