NEW Arbitrage Opportunity on PulseChain!

Native Stablecoin on PulseChain goes LIVE!

The first non-custodial stablecoin on and off-ramp is now live at 0xcoast.com! Every CST is 100% collateralized, while customer FIAT deposits are held with our Trust Custodian at FDIC-insured partner banks. The service allows for near-instant mints and redemption, powered by Trust-less systems and the Coast protocol.

This wouldn't be an axisalive.com update without mentioning some market opportunities and backing it up with the technical analysis. There are some arbitrage opportunities on the CST/wPLS and CST/USDC pairs on PulseChain. What we have seen in the CST/wPLS pair is users converting anywhere from $5,000 to $30,000 of fiat and converting that into Coast and then fat-fingering the buy button on $PLS. Because there is only about $30,000 of Coast in the pair, anything over a couple grand slips the price between 5-10% and even more in a few rare cases. See this chart below. When the price of coast falls below the dashed yellow line, that is an opportunity to make an instant 5-10% return by swapping $PLS for $CST. By looking at the volume bars on the bottom of the screen, you can see that there are eight different occurrences of more than $2k arbitrage events. In one case, someone was able to buy almost $25,000 of CST and make an instant 10-30% profit. Not bad for a days work!

The CST/USDC pair is much thinner in liquidity and so currently, there isn't as much opportunity to arbitrage more than a few hundred USD. The USDC pair is trading in a tighter range and on much less volume than the PLS pair. Perhaps we see the volume on this pair pick up when a FUD event happens and people mad dash for the exit of $CST into USDC. This will be a big opportunity to make 5-10% on a few thousand U.S.

With any luck, PulseX will get limit orders at some point and the arbitrage opportunities will be easier to execute while you are away from the machine. Until then, the opportunity comes for those who $WAIT.

In addition, the 0xCoast team is working on some other top secret projects. You can speculate on them here:

See you in the next blog update!

-AXiS ALiVE