I will show you how to use Pulse Chain to Earn 322% APR on WBTC and PLS token. PLS is the utility token on Pulse chain just like FTM is for Fantom, AVAX for Avalauch chain, etc.
What is Pulse Chain?
PulseX is an exchange on PulseChain, offering high liquidity for token swaps. It functions similarly to Uniswap on Ethereum, allowing users to exchange PulseChain's native token (PLS) for other tokens (PRC20s) available on PulseX. Bridges also enable trading of currencies from other chains on PulseX.
PulseX operates as a yield farm, rewarding liquidity providers with fees when users swap coins. By bridging in their ERC20 tokens and pairing them with free PRC20 tokens, liquidity providers earn fees and support the value of the PRC20 tokens they acquired for free.
Additionally, PulseX introduces a second incentive token to further incentivize liquidity providers. These providers receive LP tokens that can be deposited into a yield farm. The inflation of this token decreases over time, and holders of the PulseX token (PLSX) can participate in a DAO to vote on trading pairs and rates for this incentive.
PulseX aims to deliver a superior trading experience and yield farming on PulseChain, specifically targeting ERC20 token holders to bridge in their assets and bolster the value of the free PRC20 tokens. Cryptocurrencies, including PLSX, are considered a valuable asset class due to their performance, security, privacy, and reliability.
By providing liquidity to PulseX, users can earn yields on their held PLS or PRC20 tokens. This method is considered less risky than trading and offers predictable income. PulseX also prides itself on transparent trading, where users can observe on-chain activities, including address transactions and remaining funds.
The efficiency of PulseChain enables fast and cost-effective transactions, with confirmation times of approximately 3 seconds and transaction fees less than $0.01. PulseX leverages this efficiency for quick and inexpensive swaps between PLS and PRC20 tokens.
PLSX is designed to become increasingly scarce over time. PulseX charges lower fees compared to other exchanges, and a portion of the fees can be used to buy and burn PLSX tokens, reducing their supply. Trading fees on PulseX are competitive, providing users with affordable transaction costs.
To establish high liquidity, PulseX sources initial liquidity from various popular markets, such as Uniswap and Sushiswap, using a bot called the "AMM ratio fixer bot." This liquidity, along with fresh PLS tokens, is used to create pairs on PulseX, making it the most liquid exchange on PulseChain. Centralized liquidity benefits users by reducing slippage and minimizing price discrepancies among different liquidity sources.
PulseX offers lower fees, abundant liquidity, and a diminishing token supply, aiming to provide users with a superior trading experience and attractive yields on PulseChain.
Total Value Locked (TVL) on Pulse Chain on Defilama
Next, I will show you Total Value Locked (TVL) on Pulse Chain on Defilama. Go to https://defillama.com/chain/Pulse?tvl=true.
I went to Defilama and selected Chains on the left. I selected Pulse Chain. As of shooting this video, Total Value locked in Pulse Chain is 374 Million Dollars. Most TVL is in PulseX or PulseX.com
Bridging Ethereum Funds into PulseChain Using PulseChain.com
Next, I will show you how to Bridge Ethereum Funds into PulseChain Using PulseChain.com.
You can bridge funds from Ethereum chain directly into Pulse chain. Go to bridge.pulsechain.com/#/bridge. Connect your Metamask wallet. Estimated to completion is 30 minutes for the bridging. Currently they only support bridging funds from Ethereum main chain only.
Ethereum to Pulse chain Bridge with PulseChain Bridge. Send Many tokens like ETH, WPLS, HEX< DAI, USDC, USDT, WBTC, PLSX, and many other tokens from Etherum chain into Pulse chain. You only get equivalent token on Pulse Chain. If you want to convert to other token, you have to use Pulsex.com to swap tokens.
Pulsechain.com Bridge charges 0.3% Bridge fee. Remember when sending tokens from Ethereum you have to pay Ethereum gas fees in Ethereum. This will be few dollars due to Ethereum high gas fees. Estimated time to complete this bridge is 30 minutes.
Pulsechain Explorer for Gems
Go to scan.pulsechain.com follow major contracts. Then dig deeper into Whale wallets with lost of funds to find out what tokens they hold on Pulsechain. I would generally follow Whale wallets in Debank as well.
Buying Pulse PLS tokens Safe.Trade
I will show you the only and easy way to Buy Pulse PLS tokens. As of shooting this video only exchanges that support this token are OKX, Safetrade, CoinTiger, Azbit, and ZT. Some of them have very low liquidity so I would not try them other than OKX and SafteTrade. I would use Safe.Trade
https://safe.trade/wallets/spot/usdt/deposit
You can buy PLS tokens from Safe.Trade centralized exchange. I will provide the link below. Network fee is 500 PLS or $0.06 or 6 cents. You can deposit SOL, SUI, TRX, LTC with low transcation fees. I decided to buy SUI from Kucoin exchange and paid 0.3 SUI withdrawal fee -- it is like $0.30. SafeTrade exchange has very low liquidity for other tokens. So, I would buy USDT from Kucoin exchange and deposit USDT as TRON network with only $1.00 withdrawal fee. Then use SafeTrade Exchange to buy PLS tokens with USDT/PLS trading pair. As of shooting this video price of PLS token is 0.00008560. You can always use Coinmarketcap and search for all centralized exchanges that support PLS tokens.
PulseChain on Dexscreener
I will show you how to use PulseChain on Dexscreener to look for Liquidity tokens with very large liquidity. Visit dexscreener.com/pulsechain. I would target Liquidity pair with in PLSX, HEX, eHEX. You will see Liquidity for major token pairs. Most of the liquidity token shown are in Pulsechain.com v1 version. Major trading pairs with liquidity in millions of dollars are PLSX/WPLS, WPLS/USDC, WPLS/DAI, HEX/WPLS, WETH/WPLS, WPLS/USDT, INC/WPLS (INC is the incentive token), eHEX/WPLS, WETH/WPLS, WBTC/WPLS, DOGE/WPLS, DAI/WPLS. WPLS/USDC is in V2 of pulsechain.com. Just do not provide liquidity for Meme tokens that could collapse in price and lose all your investment.
Find out all tokens Airdroped on PulseChain with Lightbeam.xyz
I will show you how to find out all tokens Airdroped on PulseChain.
Go to Lightbeam.xyz to find out if you have any Pulsechain airdrops. Paste your Metamask wallet address. It will show all tokens on the wallet address on all chain. I prefer debank.com. It gives you side by side of all chains tokens as well as pending reward in each protocol as well as NFTS.
Adding Pulse Chain to Metamask:
Go to Chainlist.org. Only go to trusted providers. Type Pulsechain on search network. Click Add to Metamask. This way you can add Pulse Chain to Metamask. The other option is to manually add it to Metamask wallet with following settings:
- New RPC URL:
https://rpc.pulsechain.com - Chain ID:
369 - Currency Symbol:
PLS - Block Explorer:
https://otter.pulsechain.com
or click on Add Pulsechain to Metamask button.
Swap on Pulsex.com Dex
I will show you how to Swap PLSX tokens into PLS tokens using PulseX.com. First connect your Metamask wallet. Make sure you are in Pulsechain network. If not use chainlist.org to connect to Pulsechain network. Go to Trade tab. Select from token as PLSX. Select to token as PLS. I have 100,000 PLSX token I want to conver to PLS token at 2.5 PLSX tokens for 1 PLS. First you have to approve the token with 100 PLS tokens as gas fees. Then do the actual swap with 800 PLS tokens as gas fees. Always pick the lowest gas fee setting on the Metamask wallet. Swap was very fast.
Provide Liquidity for HEX-WPLS
I want to provide liquidity for HEX-WPLS LP tokens at 113% APR. HEX-WPLS has 38.3 Million dollars in tokens. First, I want to convert half of PLS tokens into HEX. Current swap is HEX is $0.01. I converted half of PLS into HEX. I had to first approve the swap with 100 PLS tokens as gas fees. They I paid 700 PLS tokens as gas fees to do the actual swap. As usual swap were very fast on Pulse Chain. Since pulse chain does not have auto single token deposit for the Liquidity Providers, I had to swap token equal amount before investing into a LP token. Now, I am going to invest on HEX-WPLS LP token.
According to Pulsex.com HEX-WPLS LP token calculator, for $110 investment in an 1 year I will be making $232.47 assuming the APR stays same at 111% APR with auto compounding I will be making total of 211% APR. I click max HEX because I want all of them invested in the LP. Always make sure you do not run out of PLS tokens as gas left after investing in the LP tokens. After I have HEX/PLS tokens invested, I can see 0.5678 HEX/PLS tokens. My share of the pool is less than 0.01%. If you want to remove liquidity just click on remove. Click Max to remove all of it.
Depositing LP into Farm to Earn
Click on Enable Farm for HEx-WPLS LP. Pay gas fees. Then deposit LP tokens to earn your 112% APY. Without this you will not earn Farming rewards.
In Summary
I discussed the potential returns on Pulsechain at 221% APR, a Layer 2 scaling solution built on Ethereum. There is only 9 application on Pulse Chain. There is always risk the if the foundation does not support developers to develop lot more applications on Pulsechain the token will go dormant and token price (PLS) will plummet. You can reduce your risk by farming on more stable tokens like WBTC or WETH. Only time will tell if Pulse chain will be hit or not.
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