How To Sell PulseChain in 2024 (If You Really Have To)

Rarely is it ideal to sell an appreciating asset. But sometimes, you have no other choice.

The good news is that there’s actually a way to effectively “sell” your PLS while still avoiding dumping on the community and still preserving your upside potential.

There’s also, of course, the traditional way to go about selling your coins.

This article doesn’t provide financial advice, but it does compare the two methods you can use to sell your PLS.

Let’s dive in.

How To Sell PulseChain (The Worse Way)

Let’s start with the more traditional method: selling your PLS outright.

To do so, you first have to (1) swap to a bridgeable token, then (2) bridge to Ethereum, and (3) finally off-ramp through by selling ERC-20 coins on a centralized exchange for a fiat currency.

Here’s what that looks like.

Step 1: Swap Your PLS For a Bridged Token

To use this method to sell your PLS, you need to swap the PLS that you’re trying to part ways with for a token with the most bridge liquidity. 

At the current point in time, the two tokens with the most liquidity are Dai and wETH from Ethereum.

To get the best deal on your trade, you can use a DEX aggregator like Piteas.io.

Simply visit the site, connect your wallet, and then swap your PLS for DAI (just make sure you don’t accidentally swap to pDai).

If you want to avoid bridging, another option is to swap your PLS to CST and off-ramp directly by using 0xCoast.

Step 2: Bridge to Ethereum

To bridge to Ethereum, you simply visit https://bridge.pulsechain.com/ and choose the first link under IPFS.

From there, connect your wallet and choose “DAI from Ethereum” from the dropdown menu.

Just make sure that you are bridging FROM PulseChain and TO Ethereum.

Then, confirm the transaction in your wallet and wait for the bridge to do its work–which should take no longer than 30 minutes.

Step 3: Off-Ramp Through Your Centralized Exchange

The last part of this process involves making use of a centralized exchange in order to cash out your digital assets.

Popular options include Coinbase, Binance, and Kraken–but there is no shortage of centralized exchanges on the market. Do your own research to find one that works for you and then make sure to follow their instructions carefully for receiving crypto from an external wallet.

Once you’ve sent crypto to your centralized exchange account, you can sell it for fiat currency and off-ramp to your bank account.

And just like that, you’re done.

But there’s an easier and better way that you could have accessed value from your PLS…

A Better Way to “Sell” PulseChain

Selling your PLS through the method listed above isn’t just arduous, it can also have some unintended downsides.

For starters, selling PLS can mean dumping on the PulseChain community. It also means that, if PLS’ price increases in the future, you could potentially miss out on gains.

In addition, selling crypto in many parts of the world means encountering a taxable event.

Fortunately, there’s actually a way to extract value from your PLS without selling it.

Through doing so, you can essentially “sell” your PLS while still keeping it in your custody.

That’s possible thanks to Liquid Loans, as you can use the protocol to collateralize the PLS that you already have–essentially locking it away in a Vault.

In exchange, you can mint a decentralized stablecoin known as USDL. USDL is tied 1:1 to the price of the US dollar, and can easily be spent, traded, and reinvested.

If you ever want your PLS back, you can simply instantly redeem your USDL. Otherwise, you can just keep your USDL forever or sell it.

It can even be used to swap to a highly-liquid bridge token, bridge to Ethereum, and off-ramp via a centralized exchange.

Or, you can choose to stay in the ecosystem by staking your USDL to earn an APR of over 20% through the Stability Pool.

The flexibility of minting USDL gives you all the benefits of selling a coin without any of the downsides of losing an appreciating asset; if the price goes up, you still win. 

To access this feature, all you have to do is head to the Liquid Loans DApp and open a Vault. 

From there, click the Borrow USDL thumbnail to get a detailed guide on how to quickly unlock the value of your PLS.