Forked governance, verified on-chain
The e121 / 48Fc research dossier: administrative roles, voting positions, wallet connections and a register of proposals, with pinned contract reads and transaction links.
PULSECHAIN
17 OCT 2026
17 OCT 2026
pSTABLES / Research library
Follow the evidence.
Investigations, contract state and the connections between them. Read the findings, inspect the sources and explore the tools.
ON-CHAIN RESEARCH
BY MIJK
BY MIJK
How close are we?
A detailed look at the pDAI / OUSD construction: the infrastructure in place, the vault work ahead, governance access and what real collateral would change.
Read the peg assessmentInvestigations
REPORTS & SOURCE MATERIALWhat exists, and how it connects
The source companion to the ecosystem maps. Follow bridge representations, market routes, lending, Maker settlement and the MKR / SKY relationship.
PULSECHAIN
ECOSYSTEM SOURCES
ECOSYSTEM SOURCES
The 80,000 BTC movement
The original report on the July 2025 movement from eight dormant wallets, including the transaction record, OP_RETURN messages and the author's analysis.
BITCOIN
JULY 2025
JULY 2025
Distribution research notes
The findings collected alongside the distribution dashboard. Read the notes, then follow the paths through the interactive flow view.
PULSECHAIN
DISTRIBUTION
DISTRIBUTION
Explore the system
Maps & connections
Move between the ecosystem map, the dedicated Maker / SKY map and the animated distribution paths.
Ecosystem mapMaker / SKY map
Distribution flow
Inspect the detail
Contracts & Bitcoin paths
Inspect an address, read archived decompilations or trace a Bitcoin UTXO through its transaction history.
DecompilationDecompiled archive
Bitcoin Coin Tracer
Research reports retain their own dates, source material and assumptions. Live token quotes are available on the homepage and the Markets view.