$pDAI, a forked stablecoin on PulseChain intended to be pegged to $1, has experienced significant volatility and developments recently.
Posts on X from mid-March 2025 suggest a sharp decline in $pDAI’s value, with one user claiming it dropped 69% after a key developer, referred to as "Maria" (associated with the Atropa ecosystem), swapped large amounts of $pDAI for ETH.
This action reportedly led to a liquidity dump, causing a ripple effect across the ecosystem due to what’s known as "Heart’s Law" — a concept where assets bonded together in liquidity pools move in tandem.
The developer’s actions have raised concerns about the stability and trust in $pDAI, with some users speculating that this confirms a lack of involvement from PulseChain’s founder, Richard Heart, further shaking confidence.
Historically, $pDAI’s price has fluctuated significantly. Earlier posts from 2023 and 2024 indicate periods of optimism, with $pDAI reaching new highs against $PLS (PulseChain’s native token) and speculation about it achieving a $1 peg.
The Atropa ecosystem, including $ATROPA and $BEAR, has been designed with interconnected liquidity pools (often called "nested LPs") to support $pDAI’s stability, using bot transactions and liquidity bonding to inflate its value.
However, the recent dump suggests a potential unraveling of this strategy, with liquidity being drained rather than bolstered.
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▶️ 3Speak
Yikes…
I lost a small fortune with the Luna Stable coin…
So many really bad crypto projects out there.
I think I’ll stick with Bitcoin, Litecoin, and a few other Hive-Engine layer 2 coins … Meme, Pepe, Lolz, Fun, Bee, Sports, Pob , Cent, Waivio, Blurt etc etc etc…
Tip:
I think you need to add these hashtags in the hashtag line to earn those coins …