Easy Entry & Exit To The PegNet

The pieces are coming together to make entering and exiting the PegNet seamless to the end user.

The PegNet User Experience Today Is Too Complex

The Problem — Complexity

If the user doesn’t have the time to wait for the slow conversion of their pAssets to PEG under the 1.0 rules then they end up resorting to selling the pAssets on the exchanges, which places downward pressure on the pAsset prices.

The Solution — Automation

The first upside is that PEG demand increases every time there is a pUSD to PEG exchange. Secondly, the user gets liquidity, though with some more cost (exchange fee + slippage) than a normal PegNet conversion. With one more exchange API call a user could trade PEG for ETH and be back in the crypto asset they entered the network with.

To enable this Pegnet wallet interfaces could add ETH + BCH deposits and withdrawals as that will offer an on ramp and off ramp for users to enter and exit the pAsset network.

This Completes The Great Entry & Exit Cycle:

If pUSD is under $1.00 then:
1. Trade ETH for cheap pUSD.
2. Convert pUSD into any pAsset.
3. Convert freely between any pAsset to any pAsset.
4. Trade pUSD for PEG
5. Trade PEG for ETH

Easy entry. Easy exit.
On & off ramps + PegNet conversion powers + external trading pairs

Wallet Logic, Over User Confusion

When Entering The PegNet
1. If the price of pUSD is over $1.00, then the wallet triggers a trade of ETH into PEG and burns the PEG into the desired pAsset.

2. If the price of pUSD is under $1.00, then wallet triggers a trade of ETH into pUSD and burns the pUSD into the desired pAsset.

When Exiting The PegNet
1. If the price of pUSD is over $1.00, then the wallet triggers a trade of pUSD into ETH.

2. If the price of pUSD is under $1.00, then wallet triggers a trade of pUSD for PEG and then trades of PEG for ETH.

Conclusion

The entry and exit of PegNet can be handled automatically in the most favorable way for the user & will help with the balancing of pUSD & PEG prices as a nice side effect.

Entrepreneur, Investor, Technologist, Voluntarist, Future Martian Settler, & Evangelist for Decentralization.