DAI on PulseChain

PulseChain chose Ethereum block 17,232,999, timestamped 10 May 2023 at 22:36:11 UTC, as its state snapshot. Chain ID 369 began with copied accounts, balances and contract storage.

That is why 0x6B175474E89094C44Da98b954EedeAC495271d0F says Dai Stablecoin on both chains. No Maker transaction minted a new cross-chain asset and no bridge locked Ethereum DAI for the copied balances. A fork reproduced a ledger entry.

From then on the two contracts lived under different consensus and economic histories. PulseChain’s documented state fork explains why the address continued on both chains; matching addresses alone do not prove identical bytecode. Neither address continuity nor copied state proves issuer continuity, common collateral or a shared redemption pool.

Maker's DAI contract is a direct token, not a proxy. It offers transfers, approvals, permits and self-burn. It also retains the ward map: authorized addresses can mint, and the published Ethereum design gives that role to DaiJoin at 0x9759…1A28.

DaiJoin is only a doorway. On the original system it translates between external DAI and internal Vat balances. Vault debt, collateral adapters and liquidation rules provide the accounting around that doorway. PulseChain copied those storage slots too, but all later activity belongs to the fork.

The divergence is visible in supply. On 5 September 2026 the PulseChain explorer reported 44,362,143,339.302615804780888911 DAI, not a frozen May 2023 quantity. The number proves mutable history; the explorer does not certify what economic value stands behind each unit.

Anyone holding DAI can call burn on their own balance. The result is fewer tokens at that address and lower supply. The call contains no instruction to deliver dollars, stablecoins or collateral.

In Maker's historical Ethereum design, collateral recovery used the End emergency-settlement system. After governance stopped the system (cage) and the accounting conditions were met, a user could register DAI (pack) and obtain collateral at settlement prices (cash). That sequence depends on Vat records, adapters, available collateral and functioning system control; its current operation on PulseChain was not established.

A state fork can reproduce the starting numbers but not guarantee future oracle service, liquidations, governance decisions or collateral liquidity. No reviewed record promises that PulseChain fork DAI will receive a maintained Maker/Sky settlement, much less ordinary one-dollar fiat redemption.

PulseChain later offered an Ethereum bridge. DAI that actually crosses it is represented at 0xefD766cCb38EaF1dfd701853BFCe31359239F305, which the explorer calls Dai Stablecoin from Ethereum. At review it reported 12,820,318.680145952111458827 tokens and 33,177 holders.

That receipt has a different risk and right map. Its possible exit depends on Ethereum DAI held through the bridge design, mediator contracts, message validation and continued bridge operation. Fork DAI at 0x6B17…d0F is not a receipt for the same escrow.

Sky's later DAI-USDS converter creates another boundary. It supplies a permissionless 1:1 path in the documented Ethereum system, but the fork snapshot predates USDS and the reviewed repository does not promise that PulseChain's copied balance can use it.

The copied token code contains no blacklist or freeze function, and no proxy administrator can swap its logic at the same address. That narrow fact matters. It does not mean the asset has no control surface.

Wards affect minting; copied DaiJoin, Vat, oracle and End contracts affect accounting and settlement; PulseChain validators and client software affect transaction order and chain rules. The official bridge has its own mediator and operator risks, but those govern the bridged token rather than fork DAI.

What a holder can prove is an ERC-20 balance usable on PulseChain. The reviewed sources do not add a dollar claim, bank deposit insurance, yield, Maker/Sky equity, governance votes, collateral title or bridge escrow ownership. The fork preserved executable history; every broader right needs new evidence.