Hi All, I have gone through the initial limits for PHIAT on pulsechain with Dev 1.

15 Jul 2023, 00:24

Hi All, I have gone through the initial limits for PHIAT on pulsechain with Dev 1. They will initially be 10X higher than the are on ethereum across the board. This reflects much stronger liquidity on pulsechain currently. Very quickly they will become 20X higher. So an example would be that youll be able to deposit up to 5mn Hex in a single wallet even in tight settings and 10mn later. Global limits for things like phex will be 50-100mn initially and for pls/plsx they will be more like 50-100bn. Dev 1 notes that stable LP on pulseX is only around $30mn USD. Crucially, he will look to integrate PHUX into his process as our stable pool is now roughly 20% the size of all the stables on on PulseX. Limits will get relaxed over time as LP increases on Pulsechain. We will also need to do some work to take into account multiple dexes in the liquidation process as there are now two PulseXs. (Not something that dev 1 expected, he notes!) Furthermore we will also need to do work to incorporate LP from PHUX which has become a major source of liquidity for things like Hedron which have poor liquidity on pulseX. This will happen over time though. We think the initial limits give plenty of scope for users and are unlikely to be hit, but we would love to see you try. Our focus is not delaying phiat or phame launch for this, but it can be something we prioritise next month when both are live.