The 414 Enigma: A perpetual motion machine on PulseChain

AXiS ALiVE
Feb 17, 2024
5 min read

"Maria, the dev of the Atropa contract, is the Enigma of PulseChain.

Maria is creating a Burnt Liquidity Floor that will (in his words) encompass $20 Billion Dollars in Burnt Liquidity, making an unshakable foundation in PulseChain price valuations. The idea is to bring the three major forked stablecoins (DAI, USDC, USDT) to parity by creating a new type of decentralized stable price floor on PulseChain. Think of ATROPA as being like an Engine that continues to churn and burn value away so that it cannot be sold, but rather only accumulates as deeper liquidity for buyers and sellers in the marketplace. The vast Liquidity Network of price differences between common pools creates arbitrage opportunities that slowly transfer monetary energy from the users to the global system over time, kind of replicating the Wave Motion Theory in Physics. Allegedly, Maria is also trying to gamify these Liquidity Networks on some kind of App, and is rumored to be creating a new type of Encrypted communication network with hints of inspiration from the CAW token." -Freedom 777

"There’s something called the Trebizond treasury. The Trebizond holds a massive stake of the Atropa tokens, and has been spoken about many times in the Maria chatlog. They’ve alluded to the Trebizond as being owned by an unknown client for now, similar to the HEX OA. Purportedly, they’re not selling it for anything less than $1b. When asked if they’d offer to the Trebizond up to Richard Heart, they replied with "of course :)” The owner of the Trebizond also said the treasury will be in charge of payroll, among other things. There are also claimed to be financial instruments in the ecosystem like the first pulse mutual bond and the Japanese teddy bear.

Trebizond address: 0x903030f7e2d6489F38B0f4F96F9b371ec7960F78

If Richard Heart were to purchase the Trebizond, he’d basically have the world's best blockchain, the word's first counterparty-less CD, and decentralized capital markets that have the most burned liquidity token value in all of crypto.

Not to mention, people in Atropa are now die hard fans. HEX is a harder sell than Teddy or BFF at the moment for new money. But once this ecosystem takes off, hex will act as the store of value. HEX long term will undoubtedly succeed, but it will be a product of the atropa ecosystem." -Ben Potvin

Here is a clip from an old Richard Heart stream where he says: "I got a Guy who wants to do a MakerDAO replacement, so we can have, like, Dai on PulseChain" https://twitter.com/NineIronCapital/status/1698442418159501692 "The most important thing to note in all of this is that it’s an underlying network of value. 414 has noted it as being an “endocrine” like system. It all moves together, and moves with PulseChain. Sort of like Inc but on steroids. When the bear comes, ideally all of the money from the ecosystem will flow to the pstables. They predict that in 2 years we’ll hit $1 for each pstable as a conservative estimate." - Ben Potvin This post, for example, explains something I like to call "Nested LP's" which simply means LP tokens paired against each other to create layers of coins connected together. https://twitter.com/SunnyDetect420/status/1756200972311749095

What this does is that all of these LP circuits create a stronger bond between these assets and the bots are able to arbitrage all of these pools which increases the volume on the pairs and increases the liquidity between them. PHUX achieves the same result by allowing you to set LP pools with more than one token at different ratios. Here is an example: This diagram explains nested LP's visually.

PLP Token 1 = AXIS + FIRE

PLP Token 2 = AXIS + PLS

PLP Token 3 = FIRE + PLS

PLP Token 4 = PLP1 + PLP2

PLP Token 5 = PLP2 + PLP3

PLP Token 6 = PLP3 + PLP1

PLP Token 7 = PLP4 + PLP5

PLP Token 8 = PLP4 + PLP7

PLP Token 9 = PLP7 + PLP8

PLP Token 10 = PLP9 + WPLS

"Kymatology is the Study of Wave Motion between Gases Liquids, and Plasmas and how energy is displaced and transferred over time and space and I believe that's kind of what is happening on the Blockchain" - Freedom 777

"The end goal is to turn small wallets to big wallets, then get them to stake HEX. The only way to do that is by supporting this ecosystem with pDAI as the end goal for a native stablecoin and hex as the way to earn trustless yield on your money during the bear market." -Ben Potvin

In creating the $AXIS token, the original design intention was for the asset to be an educational tool to teach the very concepts of bonded liquidity, heart's law, and pricing out malicious actors as well as a variety of other concepts like how price floors are created abd sustained and the power of centralized ownership. You can see by the price action how successful that experiment has been without so many pairs as the Atropa ecosystem. If the 414 ecosystem were to bind $AXIS to $pDAI, $ATROPA, $BEAR, $A1A and the others, perhaps it could have the same affect that Maria was going for with the $BFF token.

I will add that nothing in particular makes $pDAI unique at this time and that it is unlikely that the original functions of DAI on Ethereum will, at any point, work in the future for $pDAI on PulseChain. There may however be a case where the combined liquidity of all of $pDAI's pairs reaches over 300 million USD in TVL and that would create a scenario where $pDAI creates floor prices much higher than where they are today in USD terms.

Generally, I don't concern myself with USD valuations so much as I do $PLS valuations because losing value to PLS can be irredeemable. This means that $pDAI could hypothetically go to $1 some day but that it may have lost a lot of value in pulse which means you would have been better off holding the core assets anyway. Now if you are interested in trading $pDAI for more PLS in the future, it currently appears that it is in value.