Sacrifice wallet

  • Pulsechain Sacrifice wallet triggers the largest net outflow of USDC on Coinbase

    According to the report, Conor, the business director of Coinbase, tweeted that the largest net outflow of USDCs seen on the chain belonged to the Pulsechain Sacrifice wallet. At the weekend, they exchanged 155 million USDCs for 153.7 million DAIs. They should use MakerDAO’s PSM directly, and Pulsechain finally took on the sliding point of $1.4 million, which they don’t need to do. Business director of Coinbase: Pulsechain Sacrifice wallet exchanged 155 million USDCs for 153.7 million DAIs Analysis based on this information:The recent report reveals that the Pulsechain Sacrifice wallet has generated the largest net outflow of USDCs on the Coinbase chain. Conor, the business director of Coinbase, tweeted about this development, mentioning that over the weekend, the wallet exchanged 155 million USDCs for 153.7 million DAIs. It is interesting to note that instead of utilizing MakerDAO’s PSM directly, Pulsechain chose to take on the sliding point of $1.4 million on their own. This decision raises several questions as…

    03/13/2023
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