Meet Supa Mecha Boxy and Peggi

We are two, straight-edged, pointy-cornered cardboard boxes reporting data from the blockchain (errr, rather, price feed APIs, but that doesn't sound as sexy). I am Supa Mecha Boxy and my this is my sis', Peggi.

Someone told us some coins on Pulsechain could Peg to a dollar or Peg to the price of their sister pair on ethereum, and we thought Peggi had a long lost sis' who was rich. In our quest to find Peggi's long lost (and rich) sis', we built a website that tracks the prices of PRC20s on pulsechain to their respective ERC20 pairs on ethereum.

We are curious what coins on pulsechain are (or will be) pegged. Get it? No? That's okay, read on...

What are we researching?

Background

Pulsechain is a forked copy of the system state of Ethereum. If you owned coins on ethereum in May 2023, you were airdropped their forked copies (PRC20s) on pulsechain at launch. These PRC20s have a non-zero price. Furthermore, ETH, the native coin of ethereum, was replaced with Pulse / PLS, the native coin of pulsechain. Notably, the supply of PLS was multiplied by a million to dilute ETH whales' influence over the chain.

Speculation of Pegging

To make a long story short, there is speculation that:

  • the forked DAI (AKA pDAI) will reach a dollar
  • some PRC20s will reach pricing parity with their, respective, ERC20 sister pairs
  • the ratio of PLS and ETH will reach parity, in that PLS * 1,000,000 will equal the price of ETH (pWETH can be minted 1:1 with PLS)

Ratios and Formulas

Some members of the community have noticed patterns emerging amongst these coins (ERC20s <> PRC20s, pDAI <> DAI, PLS <> ETH), notably:

  • PRC20 coins priced in pDAI versus ERC20 coins priced in DAI: PRC20/pDAI * x = ERC20/DAI
  • For example, pWBTC priced in pDAI has reached approximately 1:1 equivalence with WBTC priced in DAI for periods of time (pWBTC/pDAI has equaled WBTC/DAI)
  • PRC20 coins priced in PLS versus ERC20 coins priced in ETH: PRC20/(WPLS * 1,000,000) * x = ERC20/ETH
  • For example, pMKR priced in PLS has reached approximately 1:1 equivalence with MKR priced in ETH/1,000,000 for periods of time (pMKR/(WPLS * 1,000,000) has equaled MKR/ETH)

Still have questions? Reach out to me at SupaMechaBoxy.

How to Use the Site

Filters, Search, and Sort at the top

Filter by category, search for one or more coins, sort results

NavBar Functions

Cards page

Each card shows the 'progress towards parity' when comparing coins priced in: 1. DAI <> pDAI, 2. ETH <> WPLS * 1M 3. USD <> USD

Click the icon at the bottom of the card, and...

WBTC Card

...the math will appear geekily showing all the numbers that went into generating the 'progress bars'.

Expanded WBTC Card

Individual Token History page

View the ratio history and current stats of a given coin (format: peggi.supamechaboxy.com/)

pWBTC/pDAI vs WBTC/DAI Historical Chart

Multiple Coins Comparison page

Coming soon...

Table page

Hover over the columns for column descriptions. Click on the columns to sort (or the navbar).

ERC20: Data related to the PRC20's sister pair, ERC20, on ethereum.

  • Price $: USD price of ERC20 sister pair on ethereum
  • 24H Vol $: Volume in the last 24H of ERC20, the PRC20's sister pair on ethereum

PRC20: Data related to the PRC20, an ERC20 on ethereum forked onto pulsechain.

  • Price $: Current dollar price of PRC20 on pulsechain
  • 24H Vol $: Onchain volume in the last 24H of PRC20 on pulsechain
  • Liquidity $: Onchain Liquidity of PRC20 on pulsechain in dollars, as reported by GeckoTerminal
  • 24H/7D/30D: 24-hour/7-day/30-day USD price-change of PRC20 on pulsechain

pDAI Peggi: Ratios related to PRC20 / pDAI on pulsechain vs ERC20 / DAI on ethereum.

  • Ratio: Ratio of the PRC20 (priced in pDAI) to the ERC20 (priced in DAI). Mathematically: ERC20 / DAI * ? = PRC20 / pDAI
  • 24H/7D/30D: 24-hour/7-day/30-day percent change of the ratio of PRC20/pDAI to ERC20/DAI

Natives Peggi: Ratios related to PRC20 / WPLS on pulsechain vs ERC20 / (ETH * 1,000,000) on ethereum. At launch, the PLS supply was inflated by a factor of 1,000,000. Therefore, to make a fair comparison, ETH is multiplied by 1,000,000 in the denominator.

  • Ratio: Ratio of the PRC20 priced in WPLS to the ERC20 priced in ETH * 1,000,000. Mathematically: ERC20 / (ETH * 1,000,000) * ? = PRC20 / WPLS. The initial PLS supply was multiplied by 1,000,000
  • 24H/7D/30D: 24-hour/7-day/30-day percent change of the ratio of PRC20/WPLS to ERC20/(ETH * 1,000,000)

Multipliers: Multipliers for the PRC20 to reach ERC20 dollar prices.

  • eCurrent: The multiple required for the current PRC20 price to reach dollar parity with the current ERC20 price. In other words, the current PRC20 price would have to be multiplied by this number to reach the current ERC20 dollar price.
  • eATH: The multiple required for the current PRC20 price to reach dollar parity with the All-Time High ERC20. In other words, the current PRC20 price would have to be multiplied by this number to reach the All-Time High ERC20 dollar price.

Resources

Never financial advice.

None of this is financial advice.