It generally isn't always stable. Anytime the price peg is threatened, the issuing. Blame the stablecoins. Elephant. Posted by 27 days ago. Reason: Removes TRUNK from circulation. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. TronDAO said in a tweet that it added $650 million of USDC to its reserve. A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U. S. ”. Elephant Money is…The Elephant. Stablecoins bridge the worlds of cryptocurrency and everyday fiat currency because their prices are pegged to a reserve. Stablecoins have their limitations, depending on the. share. 1 comment. Unlocking Synthetic Derivatives With Chainlink Oracles. USDT (USD Tether) – A fiat-collateralized stablecoin that is pegged to the US dollar. Installing Ipopt. Pegging to fiat can be done by the value of the collateralized crypto asset. "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Log in or sign up to leave a comment. The main types of stablecoins include fiat-backed. Tether. dollar. Stablecoins by Market Cap and Volume. So you have access to stable money that you can use on Ethereum. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. 56% per day. ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. Binance trading fees: maximum of 0. Summary: USD Coin (USDC), created by Circle Internet Financial, LLC (NMLS ID# 1201441), is the most secure and reputable stablecoin in the digital asset arena. 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. You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. USDT, or Tether Limited, was conceived of in January 2012. , one unit of a dollar-pegged stablecoin may be equal to $1. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. save. Interestingly, the asset’s availability on the Ethereum. Make Sense? Highest rate I have seen is elephant. By Selena 04/13/22 10:42 PM. 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. Stablecoins, as the name suggests, are digital assets whose value is designed to remain stable amid the ups and downs of the crypto market. BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). Stampede throws off only 0. . One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. It has a circulating supply of 8,980,598,294 USTC coins and. The ELEPHANT. Installing Ipopt. Check the charts, TRUNK to USD calculator, and more on Coinpaprika. 1942 Tombac nickel - King George III. Elephant Money Stable (TRUNK) price is up 0. The dollar is significantly more stable than a cryptocurrency like Bitcoin or Ether. Central banks are also exploring them as part of projects around digital currencies. 1. dollar, gold, or stock in a public company. 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. dollar — and issue the. ELEPHANT is used to generate yield for TRUNK and support the peg. Elephant Money Futures Vaults. Decrypt • Nov 22, 23. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. They aim to offer all the benefits of. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. Decentralised finance, or DeFi for short, is a system in which customers can access financial products directly on a decentralised blockchain network, without the need for middlemen such as banks and…Elephant Money is a unique financial ecosystem that aims to implement a voluntary, sustainable, and permissionless global economic engine. The cryptocurrencies like Bitcoin and Etherium can be used as collateral instead of FIAT currency to create stablecoins. 2022-04-15 08:47:27. Maximum APY you can get is 8. 75% p. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. ~Cryptozoa. Elephant Money - Introducing the TRUNK Stablecoin. save. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. Each fiat-backed stablecoin is tied to. io partner to secure stable coin yield Elephant. . Stablecoins offer a way to bridge the gap between fiat currencies like the U. Use the Reserve to mint Elephant Money Stable (TRUNK). Enhancing the safety of the Libra payment system with a robust compliance framework. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Token Mechanics - Mint & Redeem. UST, one of the top stablecoins in circulation, dropped well below $0. The stablecoin philosophy minimizes the roles of both central and commercial banks. Stable doesn't mean simple Before exploring whether stablecoins are appropriate for investors, we first need to define what they are. Both collateral assets are securely stored in. Key Highlights. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. dollar that doesn’t change much in value. ELEPHANT - Coingecko. com and the amount of stablecoins you deposit. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . Circulating Supply. For example, if functioning correctly a stablecoin pegged to the U. TRUNK has never. ELEPHANT has a supply of 1 quadrillion (Common thing to see in projects. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. Stablecoins are crypto assets pegged to the value of another commodity or assets such as fiat currencies. Type of Stablecoin. Close. dollar-pegged stablecoin issued by Tether on the TRON blockchain and it is one of the most popular coins asides from BTCTRON, ETHTRON, and TRC20-TUSD. dollar. 207213, and now sits at $0. Now, they're coming for cryptoCOIN-OR Optimization Suite Binaries. Stablecoins address the desire for a solution that effectively bridges the gap between fiat currency and cryptocurrency. USD Coin is a popular stablecoin pegged to the U. It is 100% immutable with no. A stablecoin is a cryptoasset pegged to another asset, such as fiat currencies or precious metals. These coins are kept stable through a computer program running a preset formula; hence, its name. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. I've been earning 0. Outside of those situations, stablecoins probably aren't a necessity. The live TerraClassicUSD price today is $0. It has faced controversies in the past. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. 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. Liquidity Management (Stability) Launch & Initial Token Distribution. Stablecoins aim to maintain their pegged rates using different means. June 07, 2022. Step 4: Swap 34,244,200,239,512. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. S. Notifications. 2. . One of the most common ways to peg a stablecoin is by holding the currency the token wants to peg itself to. 0 TRUNK to 44,156 BUSD . dollar. hide. Redemption Queue. 14 billion. money trunk stable coin on BSC. Put text in, get vibrant video content out—Stability AI joins the fray with Meta, Runway and Pika Labs. 9. Peg Support Strategy. dollar, making them less volatile. The plan for Facebook’s Libra cryptocurrency was that it would be pegged to a basket of national currencies, similar to the IMF’s Special Drawing Right. 2 million in equivalent has been lost permanently. Turn on the mining software without overclocking. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. TRUMPET. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. S. Release is a one-to-many association with trunk. The main types of stablecoins are fiat-collateralized and crypto. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. 013318 USD with a 24-hour trading volume of $7,314,866 USD. S. 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. Stablecoins in cryptocurrency seem to hold the key to bridge the gap between the benefits of cryptocurrencies and the somewhat more stable nature that fiat currencies offer. For now, this guide focuses mainly on the migration from SVN to git in order to help everyone get on a solid footing with the move to GitHub. The new stablecoin will also be available on Ethereum. PAX (Paxos. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. . Definition. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. 69. The coin, called TerraUSD, is designed to maintain its value at $1. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. ELEPHANT - Nomics. 760000% in the last 24 hours. Stablecoin usage continues to climb in 2023, with hundreds of thousands of users relying on these US dollar-pegged cryptocurrencies every day. . Money ecosystem grows. Some of the most popular stablecoins on the market are. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. 2 million in equivalent has been permanently lost. Scam News. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. Suzxy •. “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. DRIP uses a single token for DRIP, while Elephant money uses 2: Elephant, and Trunk (a stablecoin hybrid). Photo: Pixabay. dollar. Enable stampede, authorize the transaction, and proceed to bond the desired amount of TRUNK coins. 1%. Some stablecoins can be pegged to other types of assets. Check out our AI powered knowledge base Elephant MoneyELEPHANT. The crypto ecosystem is ever-evolving. Stampede Perpetual Bonds. How two coins combined to hold one’s value steady. These tokens are intended to function with stability, as their name implies. dollar or the euro. Minimum 30% interest on your dollar. bsc. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. So this is like 20 steps but since it’s polygon it’s cheap to do. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. 0 TRUNK to 44,156 BUSD . But all the existing algorithmic stablecoins failed to date, owing to their experimental nature. What do you think about terrausd (UST) becoming the third-largest. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. Start raising the memory clock little by little at +50 MHz intervals. Decentralized finance ( DeFi) protocol Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet Wednesday afternoon. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. The value of a stablecoin is the same as the value of the actual asset or fiat currency that it pegs itself to. The decrease came as the result of a broader market sell-off in all cryptocurrencies. This. By Ehis Ohiwerei. Getty. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. Though they're less turbulent than other cryptocurrencies, there are still risks to. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. In most cases, a stablecoin fixes its rate on a one-to-one basis. Their market capitalization has grown exponentially over the last couple of years, from $5 billion in 2019 to around $180 billion in 2022. The DAI coin is treated as debt issued to the user and is issued at a rate that effectively over-collateralizes the DAI issued (i. 2,848 likes. 2. How stablecoins get their stability. 5 billion from January 2022, while USD Coin (USDC) and Binance USD (BUSD) gained market share. 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. So, a stablecoin could hold $100 million in reserve and issue 100 million coins with a fixed value of $1 per coin. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. It has a $6 billion market cap and 88 million user accounts, with 21 million active users within. Staking TRUNK; TRUNK is the stablecoin of the protocol. But then recently I found the TRUNK token on the BSC, which is also pegged to around $1. They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. Tether ( USDT) is a cryptocurrency stablecoin pegged to the U. Categories of Stablecoins. In contrast to fiat currency, and CBDC’s, trust in a stablecoin system shifts to the administrator (s. S. 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. Price Stability Formula. Dollar or a real-world asset such as gold. But there is one cryptocurrency that is designed to be the exact opposite. 1. #2. Stable Coin. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. S. 55mil trunk over the next year. S. S. USDC is a type of cryptocurrency that is referred to as a fiat-backed stablecoin, meaning it is backed by reserve assets in the traditional financial system, such as cash, cash equivalents, or securities. November 7, 2023 at 12:38 PM PST. It is a fiat-collateralized stablecoin. S. ELEPHANT. dollar. Tron is a delegated proof-of-stake blockchain that hit an all-time high of $0. S. Its stable crypto coins are always at $1. 3. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Lastly, the third one. MONEY STABLE is a future-proof way to compound profits made across your portfolio. . You can see that with stampede, someone grew their account of 10k to 3. Elephant Money Stable (TRUNK) Services. Dexscreener Elephant/WBNB. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. It is pegged to the U. Trumpet Features. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. Elephant Money Farms. Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. Consider buying stablecoins for crypto transfers or if you want to lend crypto. Algo peg to the dollar. MONEY implements an open global economic engine for stable coin yield. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. TRUMPET - How It Works. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. dollar, whereby 1 USDD is always supposed to be equivalent to $1. TRUMPET - How It Works. Elephant Money Futures Vaults. This doesn’t work for all stablecoins, especially those tied to the US dollar. The stablecoin TerraUSD, or UST, crashed almost completely at one point on Thursday and lost its $1 peg (€0. DRIP throws off 1%/day and has a cap of 100k DRIP. Prior to the exploit, I had over $58k invested in Elephant. 1 comment. Step 4: Swap 34,244,200,239,512. Use the Reserve to mint Elephant Money Stable (TRUNK). Price Stability Formula. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. 752 Trunk. Try to adjust a leg one click, and you'd more than likely rip the cockpit off. The Elephant Treasury system executes peg support for TRUNK Stablecoin in two ways. Unlimited NFT's. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. 2 min read. Investors didn't want LUNA or UST. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. 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. Money (TRUNK token). Over the weekend gold recovered towards the $2,000 barrier hitting a high of $1,984 and moving back towards its support around $1,950. 14 1irstGold 1GOLD $ 58. 5% reward on deposit & rolls by setting up a. Stampede Perpetual Bonds. 3. Listen. 2. This attack was carried out several times, and according to Elephant Money, a total of $11. StoriesIn a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. T erraUSD (UST) is a stablecoin built on the Terra blockchain and was designed to always retain its value of $1, or sometimes known as. C. Decentralized USD (USDD) is an algorithmic. a. ELEPHANT - Live Coin Watch. at the end of year 5, you will have 1. Stablecoins are a class of cryptocurrencies that attempt to offer investors price stability either by being backed by specific assets or using algorithms to adjust their supply based on demand. Here’s an excerpt from the whitepaper: The Elephant. By implementing this strategy. Written by Crypto And DeFi. Obtenha o preço mais recente e histórico Elephant Money Stable, TRUNK market cap, pares de negociação, e bolsas. Though this coin exists on the Ethereum blockchain, it is backed by Bitcoin. The price of TRUNK COIN has risen by 100. 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. 4 billion on January 31, 2023. . A guide to stable crypto money. Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announces that hackers stole $11. The UST stablecoin was built to deliver DeFi ( decentralized finance) trading on the Terra ecosystem. TRUNK Stake. For example, if functioning correctly, a stablecoin pegged to the US dollar or. This document is a guide to using Ipopt. Guaranteed redemption for $1 USD. The notion of something called a stablecoin may strike some as an oxymoron. USDT (TRC-20) is a U. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. dollar or the Euro. 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). Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . 05X times your total deposited amount. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. 9 billion on January 1, 2022, and ended off at $138. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. ELEPHANT. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Log In Sign Up. Scam News. November 16, 2023 at 5:51 AM PST. 8 billion — or 7. S. Fiat-Backed Stablecoins. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. Both collateral assets are securely stored in treasuries. It is assumed most people are familiar with git, but specific recipes are. ELEPHANT - Nomics. Treasurys. This contains the "latest and the greatest" code and is forward looking. Coins Of Canada, Victoria, British Columbia. Turn on the mining software without overclocking. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. USDC can be sent and received instantly through Circle or on. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. 36%) Domínio BTC: 44. Elephant Money Farms. Regarding fiat-backed assets, USDC. ELEPHANT. These rates are at the low end when it comes to the crypto exchange industry. MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. A ‘stable’ coin lost its peg over the weekend and pledged $1. S. 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. 56% daily. Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. Get real-time crypto data now! – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . 52B, after an increase of 0. 0 coins. 6%. Stablecoins are cryptocurrencies without the volatility. e. Stamp bonds are tied to your wallet and can be added to at any time. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. scalciaregt • 2 yr. 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. Both collateral assets are securely stored in treasuries. Launched in 2019, this coin is a creation of the colossal centralized crypto exchange, Binance, in partnership with Paxos. Log In Sign Up. bsc. Mechanism of stabilization: Each USDT Collateralized token has a corresponding $1 U. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. S. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. B USD or BinanceUSD was launched on September 5th of 2019. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000.