Put Them Farm’n Boots On. These Fields is Ready to Sow!

Published in

Coinmonks

4 min readMay 17, 2023

PulseChain is a fork of Ethereum 2.0. The PulseChain main net is live, and it is currently in the first week of it’s existence.

The PulseChain bridge at pulseramp.com is operational but slow. Multiple liquidity pools have been added to the liquidity farm. But only the Pulse:PulseX pair has a TVL over $1,000,000. APRs appear to be extremely high but it is important to remember that the market that generated that yield had high volume and a relatively low total value locked. This means only a few participants were providing liquidity and those liquidity providers, of course, are making all of the fees generated from trades in that liquidity pool. Let’s take a look at the farms that are now open:

Liquidity Farms on PulseChain https://app.pulsex.com/farms

Personally, I do not like to hold a large quantity of bridged tokens. I believe that the developers on this project have the best interest of the network and users in mind. That doesn’t change the fact that a common point of failure for any blockchain network is the bridge. I use a bridge to bring dry powder in. I trade those tokens for currencies that are native to the blockchain that I am on. You may do whatever you are comfortable with. No doubt, early participants and risk takers are gaining huge profits from fees and additional payouts in the Incentive token. Below is a screenshot of the Pulse:PulseX farm and some liquidity info. For security reasons, I will not be showing a funded account.

Drop Down of Pulse:PulseX Farm https://app.pulsex.com/farms

Now let’s look at the rest.

Pulse:Dai

Dai Stablecoin from Ethereum (DAI)
Contract Address: 0xefD766cCb38EaF1dfd701853BFCe31359239F305

Check it out. The price of Pulse is currently cheaper than it was during the sacrifice phase. Participants in the sacrifice got 10,000 pls per dollar. You can get nearly 50% more than that on PulseX.com right now. If you have Dai on PulseChain that is. If not, you will have to get in line to cross the bridge.