Yes
source?
Yep, a 3 comma club member https://etherscan.io/address/0x075e72a5eDf65F0A5f44699c7654C1a76941Ddc8
Do we think swapping ehex for phex would be 1:1
Even USDT for USDC is not 1:1 so no
So it would be by value?
The market will decide.
What does that mean?
There may be a chance to swap PRC-20s on Pulse before ETH bridge is up, but nobody knows what ratios will be.
The price or ratio in uniswap of any coin is decided by the market. So no eHEX to pHEX is not going to be exactly 1:1 although the market may decide its close
Most think it will reach parity pretty quickly. HEX staking mechanism has game theory for both eHEX and pHEX to have a similar value to limit T-Share arbitrage between the chains if one side has a cheaper price.
I can see phex just taking over
Long term maybe. There are billions in HEX staked out 15 years on Ethereum. It's not going anywhere.
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