ELEPHANT - Coingecko. The token is tied to the USD on a 1:1 ratio,. Use the Reserve to mint Elephant Money Stable (TRUNK). If you choose to “Roll” your daily rewards back into your deposit amount (another way of saying compounding your interests), you’ll have a much higher return than the initial APR. Unlike cryptocurrencies like Bitcoin, their prices remain steady. Promising faster transactions and lower costs, stablecoins are an alternative to traditional banking solutions. S. S. The ELEPHANT. A stablecoin is a cryptocurrency designed to maintain a steady value by being tied to a more stable asset like a traditional currency or gold. Stampede Perpetual Bonds. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. dollar. 8M BUSD to H1, 64,450B. ELEPHANT. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. By implementing this strategy. adobe. , one unit of a dollar-pegged stablecoin may be equal to $1. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Each Tether token (USDT) is supposed to be “tethered” to one U. The coin’s value only fluctuates based on the price of the physical metal that backs it; buying low and selling high will yield a profit. An algorithm manages the relationship between these two coins to attempt keeping the stablecoin pegged to the reference. 2 million worth of Binance Coin. Log In Sign Up. It is a fiat-collateralized stablecoin. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. news/post/e. And with stable coins I use Elephant. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. So you have access to stable money that you can use on Ethereum. MONEY STABLE is a future-proof way to compound profits made across your portfolio. 8 billion — or 7. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. 1% exchange fee. 08 USD Bancor USDB $ 0. ELEPHANT - Coingecko. The firm previously said USD Coin was backed 1:1. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. Trunk and Release. It is designed to find (local) solutions of mathematical optimization problems of the form. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. A stablecoin is a cryptocurrency designed to maintain a steady value by being tied to a more stable asset like a traditional currency or gold. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. Money and InsurAce. Premium Powerups Explore Gaming. Beginner. dollar. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. Use the Reserve to mint Elephant Money Stable (TRUNK). 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. For the majority of the time since the exploit expenses were covered out of the foundersfrom a user or third-party. 96) to the dollar, tanking to a low as $0. — Jeremy Allaire (@jerallaire) December 2, 2020One of the most well-known stable coins is Binance, and it is tied to a ratio of 1:1. Coin, or U. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. It was launched and issued by the Centre. Stable coins backed by cryptocurrencies are supported by a cryptocurrency. USD Coin (USDC) is a popular stablecoin that is pegged to the U. hide. TRUNK is over-collateralized by BUSD with deep liquidity. 4. Start raising the memory clock little by little at +50 MHz intervals. Money ecosystem grows. Microsoft has exposed Tarrask, a piece of malware from a likely China-backed, state-sponsored hacking group that targets Windows machines by. You must be familiar with ERC-20 smart contracts and their functionalities. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. TRUNK - Nomics. dollar, making them less volatile. 10, 2023, a combined $9. Close. For example, in the U. Notwithstanding their name, however, stablecoins can be very unstable: between May 1 and May 16, 2022, there was a run on stablecoins, with their circulation decreasing by 15. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. 00. “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. S. Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by. dollar — and issue the. 14 billion. ELEPHANT - Live Coin Watch. Stablecoins are a type of cryptocurrency linked to an asset like the U. ”. Forgoing the future transition to a permissionless system while maintaining its key economic properties. Stampede bonding trunk you get 205% and daily compo. 2 million worth of Binance Coin. Fiat currency digital asset is the most popular use case for stablecoins. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. The pilot transaction allowed Victor Smorgon Group, the investment company of Melbourne’s billionaire Smorgon family, to send $30 million to a digital asset fund manager, Zerocap, within 10 minutes. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. These tokens are intended to function with stability, as their name implies. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. Summary. Because they are price-stable digital assets that behave somewhat like fiat but maintain the mobility and utility of cryptocurrency, stablecoins are a novel solution to crypto volatility: price stability is built directly into the assets. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. TRUNK's market cap is $7. Sector. Elephant Money Farms. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . By Ehis Ohiwerei. Minting proposes a significant value in the growth of cryptocurrencies as a form of money. Reward credits are based on the bond float of Stampede. 93K Followers. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. 1. Fiat-collateralized stablecoins are centralized in nature as there is a single entity that issues the stablecoin, controls the supply, and which is responsible for backing it with. Jun 1, 2022 10:13AM EDT. If a stablecoin’s owner wants to cash out the coin, the real money can. The working of these stablecoin is a complex. 2 million in equivalent has been lost permanently. The way each stablecoin is backed works a little differently depending on what reserve asset they’re tied to. Price Stability Formula. dollar should always be worth approximately $1. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. This mechanism is of course subject to the limits described in (2). In light of this, transactions using bitcoin. 14 1irstGold 1GOLD $ 58. TRUNK Stablecoin: TRUNK is a stablecoin within the Elephant Money ecosystem. 1%. Try to adjust a leg one click, and you'd more than likely rip the cockpit off. For example, Coinbase reports that some individuals have sent upwards of $1 million in USD Coin with transfer fees of less than $1. It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. They aim to offer all the benefits of. Stablecoins by Market Cap and Volume. . 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. 56% per day. TRUMPET. Stable coins have seen a huge surge in popularity mainly because they are used in DeFi transactions. Circulating Supply. ELEPHANT - CoinMarketCap. It has a market cap of over $42 billion dollars and almost 1. com and the amount of stablecoins you deposit. A Monday report from the President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation and the Office of the Comptroller of. Categories of Stablecoins. S. The top 5 stablecoins in 2023 may vary depending on market conditions, but some of the most popular ones currently include Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD). With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. 58% on a DRIP/BUSD stake sounds pretty good…until you realize that the stake value is draining because of the falling value of Drip. 3Undoubtedly, it is the biggest and most renowned stablecoin known by almost everyone who has a little overview of the crypto world. Stablecoins can be backed by cash, cash equivalents, commodity. They can be linked to the cost of commodities including gold, silver, oil, diamonds, real estate, and more. In most cases, a stablecoin fixes its rate on a one-to-one basis. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. Tether (USDT) is the most widely used stablecoin and is pegged to the U. USDT (Tether) USDC (USD Coin) BUSD (Binance USD) DAI. 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. Pegging to fiat can be done by the value of the collateralized crypto asset. According to Benzinga, these are the types of stablecoins currently available: commodity-backed stable coins, cryptocurrency-backed stablecoins, fiat-backed stablecoins, and seigniorage-style. 55mil trunk over the next year. Press question mark to learn the rest of the keyboard shortcuts Stablecoins are a type of cryptocurrency designed to maintain a stable price over time, pegged to the value of an underlying asset, like the U. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. So, a stablecoin could hold $100 million in reserve and issue 100 million coins with a fixed value of $1 per coin. e. dollar or gold. TerraUSD (UST) is an algorithmic stablecoin pegged to the US Dollar running on the Terra ( LUNA ), Ethereum ( ETH ), and other blockchains. If multiple URLs are given, each will be checked out into a subdirectory of PATH, with the name of the subdirectory being the basename of. When 1 UST is less than $1. 5 billion from January 2022, while USD Coin (USDC) and Binance USD (BUSD) gained market share. Centralized Coins Backed by Fiat Currency. ”. 10, 2023, a combined $9. , one unit of a dollar-pegged stablecoin may be equal to $1. TRUNK is over-collateralized by BUSD with deep liquidity. 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 Farms. 73mil in bonds which will require the system to pay out 3. S. Unlike traditional cryptocurrencies. Binance USD (BUSD) Not to be outdone, crypto. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. A stablecoin is a cryptocurrency just like Bitcoin or Ether. They are backed by fiat currency (a government-issued currency), like USD and EUR, as collateral to supply a certain amount of digital coins. 3. Turn on the mining software without overclocking. How stablecoins work. Log in or sign up to leave a comment. The ELEPHANT. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. S. 2:25. Close. Circulating Supply. ELEPHANT - Nomics. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. S. 23% of stablecoins — were. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. In Elephant Money’s case, this is just the beginning of the Parabolic move. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. We only do awesome! Canadian Veteran owned. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. USDC can be sent and received instantly through Circle or on. S. TRUNK also benefits holders of ELEPHANT, as 100% of the BUSD used to mint TRUNK is sent to the BUSD treasury which is used to buy back ELEPHANT, meaning that the underlying collateral supporting TRUNK hardens over time as the Elephant. 8 [ or a commodity like gold. Interestingly, the asset’s availability on the Ethereum. U. 15 June 2023. save. Close. Make Sense? Highest rate I have seen is elephant. On November 25, 2020, UST had a circulating supply of 13. 9. 4. The project aims to offer services to those who need wallets to keep their cryptocurrencies safe. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. If you want to earn 205% APR / 672% APY by investing Trunk in Stampede and get a . Dexscreener Elephant/WBNB. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. In most cases, a stablecoin fixes its rate on a one-to-one basis. Both collateral assets are securely stored in. IDR/USD exchange rate. . The. So this is like 20 steps but since it’s polygon it’s cheap to do. For example, if functioning correctly a stablecoin pegged to the U. Trumpet Features. 2 million worth of Binance Coin. Allaire’s company is the issuer of the USD Coin (USDC) stablecoin, the second largest after Tether. Blame the stablecoins. Installing Ipopt. Stablecoins aim to maintain their pegged rates using different means. 8 BUSD is equal to the value of 276. Wrapped Bitcoin (WBTC) is another example of a crypto-backed stablecoin. It eats the leaves of trees, and it has a long neck. Read more. 58 billion and their market. ELEPHANT - CoinMarketCap. Stablecoins are cryptocurrencies "pegged" to a fiat currency. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. Operating primarily on the BNB Chain, it’s a fresh contender in the market. The price increased by 100. But all the existing algorithmic stablecoins failed to date, owing to their experimental nature. | Image: Shutterstock USD Coin. Elephant Money Futures Vaults. Official Trackers. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . Most of those with large followings are tied to the U. There are four basic types of stablecoins: 1. Unlimited NFT's. Prior to the exploit, I had over $58k invested in Elephant. If you wish to start trading with equation, please use the link below. For example, one USD Coin (USDC) is intended to always be worth $1. Turn on the mining software without overclocking. S. Relative to fiat currency, stablecoins come with a handful of benefits: Accessibility: Stablecoins are globally accessible to anyone with an internet connection and are functional 24/7. What are stablecoins? Stablecoins are essentially cryptocurrencies that are. Cryptocurrencies. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. 760000% in the last 24 hours. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. Tether. USD Coin is backed by reserves held in financial institutions. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. 56% daily. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Fiat-Backed Stablecoins. news/post/e. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. ELEPHANT - Nomics. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. 69. TRUMPET. ELEPHANT is used to generate yield for TRUNK and support the peg. UST (Stablecoin) Luna (Floating rate) $20. What do you think about terrausd (UST) becoming the third-largest. Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. This means that. What is Bertha & Why Is It So Important To The Elephant Money Ecosystem? What Is The Graveyard?This ELEPHANT is sold for TRUNK and that TRUNK is deposited into the Dividend Pool. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. io to mitigate smart contract risk. November 7, 2023 at 12:38 PM PST. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. 5M and its 24h trading volume is $85K. Stablecoins aim to maintain their pegged rates using different means. ELEPHANT has a supply of 1 quadrillion (Common thing to see in projects. 2130. Posted by 27 days ago. Instead of being “mined” by an open, distributed network of computers performing a combination of math and recordkeeping, a stablecoin derives its. 1. Nevertheless, it remains one of the most popular stable coins available, with a large market cap and high trading. Investors didn't want LUNA or UST. 1 comment. A stablecoin is a particular type of cryptocurrency that is “pegged” to a more stable reserve asset. The actual token price may sway a little bit in reaction to changing market conditions, and the actions that keep it. Unlimited NFT's. is taking steps to become one of the world’s top Bitcoin miners, as the $87 billion stablecoin operator makes a hefty. Stablecoins can be categorized on the bases of their working mechanisms: 1. S. Elephant Money - Introducing the TRUNK Stablecoin. Posted by 27 days ago. It was launched in 2018 through a consortium called Centre that was created by fintech giants Circle and Coinbase. Price Stability Formula. 2. S. Reserve assets are assets with real world value, like fiat currencies or precious metals like gold. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. dollar in a 1:1 ratio, meaning that USDD maintains its value at a fixed exchange rate to the U. 100% Upvoted. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. Stablecoins can be backed by cash, cash equivalents, commodity. UST (Stablecoin)Stablecoins are a type of digital currency that is supposed to be pegged one-to-one with a fiat currency such as the U. S. ”. 2,848 likes. Photo: Pixabay. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. Unlimited NFT's. dollar. 05% bonus on every deposit and compound you can do so by becoming my partne. dollar. For example, in the U. Gold and silver are the most popular commodities kept as the underlying collateral. Circulating Supply. Step 2 — Consolidate and compound. Binance trading fees: maximum of 0. Token Mechanics - Mint & Redeem. 56% daily. 526% APR, you also get the hidden benefit of Trunk getting back to peg, quadrupling the value of the associated Trunk. Step 4: Swap 34,244,200,239,512. June 07, 2022. Stablecoins have their limitations, depending on the. Mechanism of stabilization: Each USDT Collateralized token has a corresponding $1 U. invested in an owned account. Stampede Perpetual Bonds. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. bsc. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. Elephant Money has perfected Shockenomics, pairing a Supply Shock of ever-growing Bertha the Treasury chowing down on the Elephants within the 2 LPs contained in. Their value is fixed, usually on a 1:1 basis with the U. 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. Liquidity Management (Stability) Launch & Initial Token Distribution. In contrast to fiat currency, and CBDC’s, trust in a stablecoin system shifts to the administrator (s. 2 million coins and since then, the UST supply has increased by 132,504%. dollar or the euro. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Blockchain data on. A perceived drawback of cryptocurrency is price volatility. S. That structure raises familiar risks. S. S.