Please enjoy my video review on Elephant Money's new 205% APR Stampede Bond and how it uses partially collateralized Stablecoin TRUNK, a complimentary additi. According to Benzinga, these are the types of stablecoins currently available: commodity-backed stable coins, cryptocurrency-backed stablecoins, fiat-backed stablecoins, and seigniorage-style. Maximum APY you can get is 8. Elephant Money Farms. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. 1 comment. It is a fiat-collateralized stablecoin. Unlimited NFT's. 8 billion — or 7. The way each stablecoin is backed works a little differently depending on what reserve asset they’re tied to. Stampede Perpetual Bonds. 1 comment. ELEPHANT - Coingecko. This doesn’t work for all stablecoins, especially those tied to the US dollar. MONEY implements an open global economic engine for stable coin yield. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. Swap half the MAI for USDC for 1% fee on QiDao. TRUMPET Token - Additional Details. If you bond 10k trunk and claim 1 day, compound 1 day, etc. dollar — and issue the. But there is one cryptocurrency that is designed to be the exact opposite. Stable Video Diffusion Is Stability AI's Gambit for the Future of Video. Installing Ipopt. Stablecoins are a type of cryptocurrency linked to an asset like the U. S. The ELEPHANT. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. S. Unlimited NFT's. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. 2130. TerraUSD (UST) is an algorithmic stablecoin pegged to the US Dollar running on the Terra ( LUNA ), Ethereum ( ETH ), and other blockchains. So, a stablecoin could hold $100 million in reserve and issue 100 million coins with a fixed value of $1 per coin. A stablecoin is a crypto coin that should be worth $1. 1. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. 1. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. dollar. A stablecoin pegged to the U. Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U. 01 bitCNY BITCNY $ 0. They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. Elephant Money - Introducing the TRUNK Stablecoin. 2. dollar. That structure raises familiar risks. Get real-time crypto data now! – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Scam News. 207213, and now sits at $0. For the majority of the time since the exploit expenses were covered out of the foundersElephant Cash, a decentralized “yield farming” mechanism on the BNB Chain that makes use of the native token ELEPHANT andThis document is a guide to using Ipopt. What do you think about terrausd (UST) becoming the third-largest. By Ehis Ohiwerei. We provide up-to date binary packages for each of these that you can download from the COIN-OR download page on Bintray. Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. Tether — USDT; TrustToken; TUSD. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. 1 comment. As a result, MakerDAO has shifted much of its reserves to USD Coin, one of the most popular stablecoins in terms of market cap. S. 2 million in equivalent has been. Money suffered a major loss today with investors losing about 90% of their value in the platform in seconds. Coinpaprika. hide. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. Stablecoin to nic innego, jak rodzaj kryptowaluty, a konkretniej tokena płatniczego, którego wartość jest trwale powiązana z wartością określonej tradycyjnej waluty fiat (najczęściej dolara amerykańskiego, rzadziej euro) lub innego dobra np. Stablecoin usage continues to climb in 2023, with hundreds of thousands of users relying on these US dollar-pegged cryptocurrencies every day. Often, those assets underwrite an issuer’s commitment to redeem its stablecoins for a fixed value upon demand. Calculate between Elephant Money Stable and US Dollars. Key Points. scalciaregt • 2 yr. Close. Elephant Money Stable (TRUNK) Circulating Supply. There are two primary means stablecoins achieve this stability, collateralization and algorithms. 4. S. That’s why they are MY best projects ;-)----Follow. It is another popular fiat-backed stablecoin and is used on many exchanges. dollar and cryptocurrencies. They can be used as stores of value or units of account, as well as in other use cases where volatile cryptocurrencies may be less. Minimum 30% interest on your dollar. Close. Make Sense? Highest rate I have seen is elephant. Stablecoin values are pegged to the value of a given currency. Consider buying stablecoins for crypto transfers or if you want to lend crypto. 18 billion at the time of writing. Operating primarily on the BNB Chain, it’s a fresh contender in the market. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. Centralized Coins Backed by Fiat Currency. Money and InsurAce. Step 4: Swap 34,244,200,239,512. Lock in your gains. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Elephant Money Farms. Anytime the price peg is threatened, the issuing. This document is a guide to using Ipopt. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. Stablecoins aim to maintain their pegged rates using different means. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. at the end of year 5, you will have 1. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. 7. Any other chart, with any other token would be deemed a memecoin, with watchers standing on the sidelines waiting for the FOMO to stop, and the gut-churning Drop to start. Some stablecoins are pegged to a fiat currency such as the U. The most commonly used and referred to stable coins are those that are pegged to one U. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. TRUNK Elephant Money Stable (TRUNK) is partially collateralized by BUSD with deep. TRUMPET. By Selena 04/13/22 10:42 PM. 69. Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Tether. Gold and silver are the most popular commodities kept as the underlying collateral. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. dollar. Binance trading fees: maximum of 0. D. 80 to $1. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. Tether is owned by iFinex, the Hong Kong-registered. Start raising the memory clock little by little at +50 MHz intervals. dollar should always be worth approximately $1. More popular stablecoins, such as tether (USDT - $82 billion market cap) and USD Coin (USDC - $50 billion market cap), are backed by assets such as fiat dollars in a bank account, treasuries, or. Official Trackers. MONEY implements an open global economic engine for stable coin yield. Elephant Money Stable Coin price is $0. W hitepaper - ELEPHANT. arrangements consisting of two coins or tokens: the stablecoin, in this case UST, meant to maintain a stable value or “peg,” and a balancer token, in this case, LUNA, the value of which can fluctuate. USD Coin is a popular stablecoin pegged to the U. While many of these projects use fiat to create their peg, the systems creating that peg can be different. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder said they are working with their. 56% per day. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. 8M BUSD to H1, 64,450B. The opposite can be said about stable coins. Though they're less turbulent than other cryptocurrencies, there are still risks to. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. Two of the most popular stablecoins are USD Coin (USDC) and Tether (USDT), which are pegged to the U. But there is one cryptocurrency that is designed to be the exact opposite. Listen. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Their value is fixed, usually on a 1:1 basis with the U. A ‘stable’ coin lost its peg over the weekend and pledged $1. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. ”. 2. 1%. 米ドルステーブルコイン・日本円ステーブルコイン・ユーロステーブルコイン・ゴールド. dollar. I’m then taking the income from DRIP and diversifying into the elephant ecosystem as a stable coin based strategy, using both TRUNK and STAMPEDE to further. U. Check out our AI powered knowledge base Elephant Money TRUNK is the best collateralized stable coin yet (75% BUSD, 25% Elephant Token) which solves the issues found in failed algorithmic stable coins $BDO, and $TITAN because they were pegged. . 15 June 2023. So, not only do you benefit from the 31. dollar or the euro. These digital coins […] KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round. 11 (€0. PAX (Paxos. The stablecoins with the biggest market capitalization are worth exactly $1 at any given time (with minor fluctuations here and there), which makes them much more stable than the overall cryptocurrency markets, which are volatile. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. C. Log In Sign Up. And with stable coins I use Elephant. The live TRUNK COIN price today is $0 USD with a 24-hour trading volume of $0 USD. S. Stablecoins aim to maintain their pegged rates using different means. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. Elephant Money Stable (TRUNK) Services. 9 billion on January 1, 2022, and ended off at $138. Money and InsurAce. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. 8M BUSD to H1, 64,450B. In a market where the price of the assets one holds is swinging violently, the option to ‘store’ funds’ value in a way that excludes volatility is quite essential. Microsoft: These hackers are using a simple trick to hide their Windows malware | ZDNet Liam Tung is a full-time freelance technology journalist who writes for several Australian publications. Also, the reward token of DOGS will likely fall in value once stakers reach their 90 day reduction in taxes down from 90% to the minimum 6%, allowing the speculators to sell DOGS with less tax. Money Network’s native bonding system that allows players to deposit their TRUNK and earn a 205% APR (672% APY) from a partially collateralized stable coin. Stampede Perpetual Bonds. dollar. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. 013318 USD with a 24-hour trading volume of $7,314,866 USD. Stablecoins were designed to address this issue, ensuring a stable value over time. This means, by purchasing the stablecoin, that the trader is essentially holding gold. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. . A stablecoin is a digital currency that is linked to an underlying asset such as a national currency or a precious metal such as gold. It eats the leaves of trees, and it has a long neck. The new stablecoin will also be available on Ethereum. You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. Money is happy to confirm that we have officially partnered with InsurAce. 56% daily. Trunk is a stable coin 1 Busd to 1 trunk ratio . An algorithm manages the relationship between these two coins to attempt keeping the stablecoin pegged to the reference. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announces that hackers stole $11. Elephant Money Stable (TRUNK) Services. The trunk (torso) is the central part of the body to which the head and the limbs are attached. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. TRUNK Deposits. TRUMPET. S. According to some reports, Elephant Money, a decentralized “yield farming” protocol on BNB Chain with native token ELEPHANT and stablecoin TRUNK, has suffered from an attack on its reserve. The ELEPHANT. Suzxy •. Elephant Money, a stable coin platform that uses the TRUNK token became a victim of the flash loan attack, which manipulated a token price oracle leading to a loss of $22. Elephant Money - Introducing the TRUNK Stablecoin. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. , smart contracts) to dynamically reduce the price volatility of a specific asset, such as the U. 100% Upvoted. 4. Stablecoin. Vladislav Sopov ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell Contents "Traditional price manipulation attack" results in $11. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token. It is designed to find (local) solutions of mathematical optimization problems of the form. “Since the token value after the attack is more than the cost, the attacker can get around $4 million profit in one round of the attack,” BlocSec said. Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. USDC has recently grown in market share—helped by its. Projects currently included in the COIN-OR Optimization Suite are listed below. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. They do this by tracking the value of a given fiat currency on a 1:1 ratio, and can be denominated in any national currency. Written by Crypto And DeFi. As of November 9, 2021, USDT is ranked as the sixth-biggest cryptocurrency according to market capitalization, with a worth of $73,331,418,457. Elephant Money Stable (TRUNK) Services. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. 59%. When redeeming TRUNK (1% Fee), there are 3 actions happening. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Fiat currency digital asset is the most popular use case for stablecoins. TRUNK - Nomics. The. TRUMPET. Now they have a new target: stablecoins. 1. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. The end result after a year of higher highs, Elephant Money (in my. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. S. Elephant Money Stable (TRUNK) Services. COIN-OR Developer's Guide. Saved searches Use saved searches to filter your results more quicklyElephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. I like to take some more risk and higher yields. S. Photo: Pixabay. All About TRUNK 22024 Elephant Money Stable TRUNK $0. The UST stablecoin was built to deliver DeFi ( decentralized finance) trading on the Terra ecosystem. Victoria, BC. 2 million worth of Binance Coin. 1942 Tombac nickel - King George III. Both collateral assets are securely stored in. By implementing this strategy. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. Fiat currency digital asset is the most popular use case for stablecoins. MONEY STABLE is a future-proof way to compound profits made across your portfolio. "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. g. Elephant Money Futures Vaults. It is 100% immutable with no. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. 96) to the dollar, tanking to a low as $0. com and the amount of stablecoins you deposit. Frequently Asked Questions. . A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. Dexscreener Elephant/WBNB. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. Crypto was meant to unseat the financial giants. Elephant. With trunk, you are able to compound your earnings when you stake your trunk. Forgoing the future transition to a permissionless system while maintaining its key economic properties. Stablecoins minimize typical cryptocurrency. Stablecoins can be categorized on the bases of their working mechanisms: 1. 15 June 2023. Algorithmic stablecoins are innovative mechanisms that can elevate decentralized finance. Elephant Money Stable مخطط الأسعار | القيمة السوقية | TRUNK بالدولار الأمريكي | TRUNK حاسبة عائد الاستثمار | الأخبار | الوصف | الفريق | الأحداث ذات الصلة | المجموعة | العملات المشابهةTron’s USDD will be more like Terra’s UST, and targets $10 billion in reserves, founder Justin Sun said. But perhaps even more important for community banks, the market instability is fueling the policymaker push for a regulatory structure to address crypto’s risks. “Since the token value after the attack is more than the cost, the attacker can get around $4 million profit in one round of the attack,” BlocSec said. Because they are pegged to a real-world asset, they represent real money. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. dollar. 75% in the last 24 hours. The cryptocurrency was initially created by Binance, and it is the most significant trading volume. Check answer Show a letter Show answer. This attack was carried out several times, and according to Elephant Money, a total of $11. Gold and silver are the most popular commodities kept as the underlying collateral. 1. Choose a Stable Asset: Choosing a stable asset is a critical step in creating a stablecoin because the value of the stablecoin is closely tied to the value of the underlying asset. Yea, stable coins are better ways to earn passively, without any fear of volatility, most DeFi protocol like Celcius, crypto,com & Blockbank offers different rates, but Blockbank's rate seems to be the best, as you get 10% apy on stables, and the reward comes on a weekly basis. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. 50. TRUNK Stablecoin: TRUNK is a stablecoin within the Elephant Money ecosystem. Since their all-time supply highs in November 2022 until Feb. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. Elephant Money - Introducing the TRUNK Stablecoin. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Each Dai token is backed by 62% USDC and 29% ETH. Stablecoins are cryptocurrencies without the volatility. 2130. They are a vital part of the crypto economy. But for most users the APY will hover around 5%. We only do awesome! Canadian Veteran owned. ELEPHANT. S. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. The main reason to buy and hold stablecoins. Release is a one-to-many association with trunk. One of the most common ways to peg a stablecoin is by holding the currency the token wants to peg itself to. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. If a stablecoin’s owner wants to cash out the coin, the real money can. , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. Elephant Money Farms. Some stablecoins can be pegged to other types of assets. dollar. Currently 69% APR . 1. dollar) or a commodity like gold. How stablecoins work. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Mechanism of stabilization: Each USDT Collateralized token has a corresponding $1 U. Read more. Unlimited NFT's. Elephant. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. The issuer builds their coin on a blockchain platform that supports smart contracts. Traders regularly use stablecoins to avoid price volatility without having to convert their digital assets back to cash. Inaczej mówiąc, podobnie jak w przypadku kontraktów. 3. 9. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. Volatility in Ethereum severely affected Dai’s stability in 2020. ELEPHANT. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . 5. I think this is known as the "Unstable trunk, stable branch" philosophy. Its stable crypto coins are always at $1. The declining market caps of these stablecoins confirm this. According to Sun, TronDAO “will deploy $2 billion to fight them. Binance USD (BUSD) Not to be outdone, crypto. Price Stability Formula. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. 3Undoubtedly, it is the biggest and most renowned stablecoin known by almost everyone who has a little overview of the crypto world. This ELEPHANT is sold for TRUNK and that TRUNK is deposited into the Dividend Pool. TRUNK has never gone to zero and the system dynamically adjust yield generation based on the percentage to peg.