2023-05-22 08:42:54
I'd expect the bridged in WBTC from Ethereum to reach parity with Bitcoin before the free WBTC might.
When you bridge WBTC from Ethereum through bridge.pulsechain.com: it comes out as: "Wrapped BTC from Ethereum" . The contract address of that token is:
0xb17D901469B9208B17d916112988A3FeD19b5cA1
The address of wrapped PLS on PulseChain is:
0xA1077a294dDE1B09bB078844df40758a5D0f9a27
The "WPLS" page on explorer:
https://scan.pulsechain.com/token/0xA1077a294dDE1B09bB078844df40758a5D0f9a27/token-transfers
"WBTC Token page on explorer: https://scan.pulsechain.com/token/0xb17D901469B9208B17d916112988A3FeD19b5cA1/token-transfers
The PulseX pair of the 2 above is:
0xDB82b0919584124A0Eb176ab136A0Cc9F148B2D1
Which you can see at:
https://scan.pulsechain.com/address/0xDB82b0919584124A0Eb176ab136A0Cc9F148B2D1
or chart at:
https://dexscreener.com/pulsechain/0xdb82b0919584124a0eb176ab136a0cc9f148b2d1
or trade at:
https://app.pulsex.com/swap?inputCurrency=0xa1077a294dde1b09bb078844df40758a5d0f9a27&outputCurrency=0xb17d901469b9208b17d916112988a3fed19b5ca1
If anyone ever bids up the value of "WBTC from Ethereum" in PulseX higher than WBTC ON ETHEREUM itself, then someone could buy WBTC on Ethereum, bridge it in and sell the price down on PulseX and keep the difference as profit. Then could then bridge that profit back to Ethereum and cash out, or wait for direct listings for the PulseChain pair. This is called arbitrage. They could do the arb in the reverse direction as well.
ALWAYS make sure you're using the right contract addresses! The address is everything!
4.1K views05:42
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