price (3.7 cents) and hex on ethereum in the pulsechain. Are you able to bridge back hex on ethereum from pulsechain to ethereum if you want?
@Benzenoid ?
yes you could bridge back to eth, but with the ratio/price of phex to ehex
I am saying: i bridged hex from eth to pulsechain. If I bridge back the same eth, will it be worth 3.7 cents?
since you should have ehex on pulsechain yes
Of course you can bridge, but the bridge is currently utterly congested. Can take days to get it across. That's why it is "cheaper" on Pulsechain. However, keep in mind that the stablecoins on Pulsechain have very little bid liquidity which makes them overvalued (but since the price reference is DAI, you can't determine the exact overvaluation). See Combot warning.
What do you mean the stablecoins are over valued? DAI from Eth on pulsechain = DAI on ETH = $1. Are you referring to the pulsechain copies?
DAI on Pulsechain is the reference for 1 USD
Thx for the response, sorry for being annoying newb but still not clear to me, reference for 1 USD where? If I own 100 DAI from ETH on PulseChain, once I bridge it over, I will have $100 of DAI on Ethereum, is that correct?
TMT313 (2) has increased reputation of Nenad [I won't dm you] (3095)
Correct, thats what ive been using to bridge in
Yes, but DAI is also the reference for USD, despite having a very limited bid liquidity due to the lazy bridge.
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