Deposit native PLS and automatically mint pSunDAI at a safe 155% collateral ratio — in one click.
Deposit native PLS and automatically mint pSunDAI at a safe 155% collateral ratio — in one click.
pSunDAI is a lending protocol on PulseChain. You deposit PLS as collateral and borrow pSunDAI — a stable token worth ~$1 USD — against it. When you're done, repay the pSunDAI and get your PLS back.
There are no admins, no fees to a team, and no way to pause or change the rules. The protocol runs on its own forever.
Step 1 — Deposit PLS. Go to the "Deposit PLS" tab (or use Auto Borrow to skip to Step 3). Your PLS becomes collateral locked in the vault.
Step 2 — Borrow pSunDAI. Use the "Borrow More" tab to mint pSunDAI. Each token is worth approximately $1. You must keep your Collateral Ratio above 150%.
Step 3 — Repay when ready. Repay your pSunDAI at any time using the "Repay" tab. Then withdraw your PLS. No time limit, no deadlines.
CR = (value of your PLS) ÷ (pSunDAI you owe) × 100%.
Example: You deposit $300 worth of PLS and borrow 150 pSunDAI. Your CR = 300 ÷ 150 × 100% = 200%. That's healthy.
If your CR falls below 110%, your vault becomes liquidatable. Anyone can repay your debt and claim your PLS plus a bonus (2–5%). You lose your PLS collateral but your pSunDAI debt is cancelled.
Liquidation is not a punishment — it keeps the protocol solvent. But it means you lose your PLS, so avoid it.
The fastest way to start: enter a PLS amount in the Auto Borrow tab and click the button. It deposits your PLS and borrows pSunDAI at 155% CR in a single transaction.
To fully close your position, go to the Repay tab and click "Repay All & Withdraw PLS". This repays all debt and returns your PLS in one transaction. Make sure you have enough pSunDAI in your wallet first.
0.5% APY accrues on your debt continuously. 1,000 pSunDAI debt grows by ~5 pSunDAI per year. This is why your "Debt" stat slowly increases over time.