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"7/x The beauty of the story is that while $pMKR's VAT is gone forever it doesn't stop $cDAI or $aDAI from recovering its owed $pDAI. Under the right circumstances $pMKR has to print as much $pDAI as is required to rebalance these lending pools"
X Link @NineIronCapital 2025-06-28T10:01Z 7980 followers, 3495 engagements
"6/x In layman's terms this prevents $cDAI from being able to access its $pDAI in $pMKR's VAT which the protocol believes it is entitled to (getcash = 0). But this isnt up to Maker to determine post the ESM. See here:"
X Link @NineIronCapital 2025-06-28T10:01Z 7980 followers, 3410 engagements
"$pDAI is PulseChain's only native stable coin. We are about to see a fourth attempt to take share from the best narrative in crypto. $pDAI's story is too powerful and its potential too great. Oh and $pMKR's debt ceiling is falling now. Hmm. It is about to get awkward. NFA"
X Link @NineIronCapital 2025-03-31T02:47Z 7971 followers, 14.6K engagements