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Phatty is a website that provides users with information about the prices, volume, and market cap of different tokens and coins. It also gives the possibility to view the prices of all the PRC-20 assets on PulseChain. Users can do whalewatching, track their own portfolios, and mint PHIAT stable token. Additionally, it connects to a suite of products like PHIAT, Phux, and Phamous which create together a decentralised bank, and here, we explore what they are.
Token listing
On the front page of Phatty, you will find 50 coins and tokens with their respective prices, price changes, volume, and market cap. Clicking on an asset’s name will take you to the chart and basic price statistics.
PulseChain prices
On the PulseChain prices page, you will find prices of PulseChain assets, which you can sort by volume or market cap.
Whale watching
Whale watch is an interesting section where you can choose a whale to watch and see the balance of their assets and the history of their movements. By watching the biggest players in the ecosystem, you can predict what’s going to happen in the market, copy their moves to seize the opportunities of their actions, and learn from the best.
Here, we see an example of the so-called God Whale address. We can see when his stakes end, and by watching the history of his previous moves, we can make a prediction on what will be his next move. If you know that he usually dumps after unstaking, then you can dump before him. If you know that he unstaked and bought a token, then that token will probably start pumping more, so you can be first right after the God Whale and take the opportunity from price speculation.
Phatty will show you Whale’s assets on seven chains like Ethereum, BSC, PulseChain, Polygon, Avalanche, Fantom, and Arbitrum. Additionally, you are able to see NFTs owned by the whale, so if he has assets in a liquidity pool, you will know that by looking for uniswap NFTs. By looking at the Checker, you can see if the whale participated in the PHIAT sacrifice or not.
Portfolio
You can add all your addresses to Phatty, and it will show you your net worth on all supported chains. This is an awesome feature because you don’t have to change networks and accounts to check your balances. Moreover, you can easily see the yield, time frame, and dollar price of your Icosa, HEX, HDRN, or XEN at a glance, which is a very comfortable feature to have in one interface.
Mint
The mint section is for those who are eligible to mint PHIAT and Phux on PulseChain and ePhiat on Ethereum. This depends on whether you participated in the sacrifice phase or not.
What is PHIAT
PHIAT is a platform for leveraged trading of assets like HEX. It launched on Ethereum on April 24, and it will launch soon on Pulsechain. With PHIAT, you can leverage or short HEX, which wasn’t previously possible. After a sacrifice phase where users could donate to the protocol, a total fixed supply of 55 million was decided, and the whale bonus was only 1.05x. The sacrifice money was mostly used to provide initial liquidity for the protocol and to bootstrap the platform. Tokenomics can be viewed here.
PHIAT describes themselves as a “DeFi bank” for the Richard Heart ecosystem, where you can lend, borrow, leverage, and also short a range of different currencies.
The ability to lend and borrow money is one of the most important aspects of finance, and in DeFi, where liquidity is often an issue, whales can make sure to be able to cash back on their assets without hurting the price. PHIAT is the fork of AAVE, a popular lending and borrowing protocol on Ethereum that doesn’t support HEX and its ecosystem. PHIAT brings AAVE to Pulsechain for the hexicans and their projects.
You can deposit a stable coin or another asset, and you can go borrow HEX and sell it on the market and short it.
The loan can be taken in any other asset than the deposited currency, so for example, HDRN can be deposited as collateral and you can take out a loan in HEX, or you can deposit ICOSA and take a loan in PLS. So when the protocol launches on PulseChain, all this will be possible, and leveraged trading will take place. Taking out a long or a short with borrowed money is regarded as a casino type play that is a big risk, but many like it because of the potential gains.
It’s also possible to stake PHIAT and take a share of the fees with no risk, but users can also put their tokens to work by lending them to others for a fee.
There’s a use case where you deposit some assets and borrow HDRN to use them for bidding on the auctions. There are definitely a lot of potential possibilities that can stem from a lending protocol like PHIAT. Another way people can make money is to borrow a pair of tokens, provide liquidity, and make passive income on them.
There’s also a possibility to use the platform for arbitrage opportunities across protocols, like, for example, AAVE on Ethereum.
All fees are paid in PHIAT, and participants earn yield in this token. Like with every protocol, there are advantages and disadvantages. Disadvantages to the users can be price volatility going down, and a low yield from fees in case protocol utilization is low. The benefit is the situation is opposite to the previous one, so when traffic is high, yield is higher.
Staking PHIAT is different from what is commonly used in DeFi. If 100% of PHIAT is staked, then the rewards are paid in native currency. If instead, a certain amount of tokens aren’t staked, then a certain amount of the net fees is distributed to the treasury.
There are future plans when it comes to the token, like a buyback and burn mechanism or redistribution to stakers or LPs.
Phux
Phux is a fork of a Balancer with liquidity pools and staking. Balancer is an automated rebalancing tool for liquidity providers. The plan is to collect community built stablecoins and put them in one pool to create an asset which cannot depeg. Phux has also single sided staking to earn yield on.
PHUX provides a platform where participants can trade and exchange assets in a decentralized manner. It offers a wide range of features and customization options, making it a versatile tool for optimizing liquidity strategies and managing risk.
One of PHUX’s key strengths is its ability to accommodate different types of liquidity pools. These pools can have various characteristics, such as traditional weighted pools with fixed ratios or customizable weights that allow for more precise exposure management. Additionally, PHUX supports concentrated liquidity pools that enhance capital efficiency by utilizing higher concentrations of assets.
The protocol also offers managed pools with customizable parameters, allowing users to fine-tune their liquidity solutions according to their specific needs. This flexibility is particularly useful for traders, liquidity providers, and DeFi projects, as it enables them to optimize their trading strategies, maximize capital efficiency, and effectively manage risk.
PHUX also introduces dynamic weights, which means that the liquidity pool’s composition can change over time. This feature allows for the creation of more adaptable and responsive trading environments.
Stable swap curves are another notable feature of PHUX, facilitating the trading of stablecoins within the protocol. This is crucial for participants who require stability in their transactions and wish to avoid price volatility.
PHUX supports Liquidity Bootstrapping Pools (LBPs), which are designed to launch new projects and bootstrap their liquidity. LBPs provide a mechanism for fair token distribution and enable projects to establish liquidity from the outset.
Phamous
Phamous is a fork of GMX, a decentralized leverage platform. It has a utility and governance token called PHAME. The token can be staked to receive 40% of the platform fees from leverage tradings and swaps. PHLP is the liquidity provider token. Accrues 60% of the platform’s generated fees.
Suppliers deposit tokens to the pool and get PHLP token which represents your share of the liquidity pool. Deposited tokens are then used by leveraged traders who pay the fees on them. These fees are split Phamous stakers and the PHLP owners.The PHLP receives also fees from liquidiations.
The platform is still on testent awaiting to be launched on the PulseChain mainnet. The sacrifice phase is ongoing.
