Elephant Money Stable (TRUNK) Services. A payment stablecoin must be designed to be widely used for the purposes of exchange, is. USD Coin (USDC) is a popular stablecoin that is pegged to the U. They aim to offer all the benefits of. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. You can see that with stampede, someone grew their account of 10k to 3. Market Cap. The ELEPHANT. TRUNK is over-collateralized by BUSD with deep liquidity. Beginner. 2 million worth of Binance Coin. 1942 Tombac nickel - King George III. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. 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. TRUMPET. 🔔Cassida Coin Counter, Sorter, Wrapper Ultimate Solution for Effortless Coin Management🔔. . Stablecoins are a type of cryptocurrency designed to offer the flexibility of digital assets with the price stability of fiat currency. 4. Cryptocurrencies. 56% daily. S. Stampede bonding trunk you get 205% and daily compo. Key Highlights. Installing Ipopt. My second largest holding is in Elephant Money, and the 3 different internal projects of the BTC-like speculative Elephant Money, The Trunk Stablecoin staking, and the DRIPlike Stampede paying 0. It will help the channel grow and proceeds will be given back to our community. The algorithm controls the coin’s demand and supply, which are dictated by. Each Dai token is backed by 62% USDC and 29% ETH. Unlike traditional cryptocurrencies. S. Treasury bills, which are. 23% of stablecoins — were. 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. Trunk Staking & Stampede Bond. Stablecoins aim to maintain their pegged rates using different means. bsc. 01 DigixDAO DGD $ 36. What do you think about terrausd (UST) becoming the third-largest. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. As a result, MakerDAO has shifted much of its reserves to USD Coin, one of the most popular stablecoins in terms of market cap. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. 2 million lost"Funds are safe, don't answer, don't sell"Elephant Money, a decentralized "yield farming" protocol on BNB Chain with native token ELEPHANT and stablecoin. Elephant Money Stable (TRUNK) price is up 0. Cryptocurrencies, after all, are synonymous with volatility in a market routinely whipsawed by hype and speculation. S. , smart contracts) to dynamically reduce the price volatility of a specific asset, such as the U. TRUMPET. A perceived drawback of cryptocurrency is price volatility. AFP via Getty Images. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. Use the Reserve to mint Elephant Money Stable (TRUNK). Make Sense? Highest rate I have seen is elephant. TRUNK - Nomics. Tether is another stablecoin option which I do not use t the moment. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. TronDAO said in a tweet that it added $650 million of USDC to its reserve. Traditional banking processes may make it difficult to convert a depreciated local currency into a stable international currency. The first year was the worst offender, because it paired spindly hinges with tree-trunk-stable click joints. ELEPHANT is used to generate yield for TRUNK and support the peg. dollar. How stablecoins work. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY COIN-OR OPTIMIZATION SUITE 1. You must be familiar with ERC-20 smart contracts and their functionalities. Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin’s reserves to just cash and U. ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. 2 million in equivalent has been. 50. dollar. Elephant Money Stable (TRUNK) Services. A stablecoin is a cryptocurrency just like Bitcoin or Ether. LUNA dropped by as much as 60% in just a matter of days. e. S. . The $29. These coins are kept stable through a computer program running a preset formula; hence, its name. USDT (Tether) USDC (USD Coin) BUSD (Binance USD) DAI. Its sister coin Luna was worth more than $80 (€76. Count Withdrawn. Their low transaction costs and traditional asset. 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. S. 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. 01 bitCNY BITCNY $ 0. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. Stable Coin. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. and Europe, as well as a consumer flight to safety in the crypto. Stablecoins, as the name suggests, are digital assets whose value is designed to remain stable amid the ups and downs of the crypto market. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. Stablecoins are digital currencies designed to maintain a direct one-to-one peg to a more stable underlying asset, like a national currency. Calculate between Elephant Money Stable and US Dollars. S. Yet, it’s already making waves with a market capitalization of 2. Elephant Money Futures Vaults. DRIP throws off 1%/day and has a cap of 100k DRIP. A stablecoin is essentially a cryptocurrency that seeks to peg itself to a stable currency, typically the U. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. ELEPHANT. more USD Coin (USDC): Definition, How It Works in Currency, and ValueStablecoin values are pegged to the value of a given currency. 59% Vol 24h: 47 399 535 559 € Valor de mercado: 1 093 969 535 175 € (1. It is 100% immutable with no. Promising faster transactions and lower costs, stablecoins are an alternative to traditional banking solutions. USD Digital (USDD) officially made its debut on May 5, 2022, as a stablecoin on Tron, BNB Chain, and Ethereum blockchains. Unlocking Synthetic Derivatives With Chainlink Oracles. Suzxy •. In light of this, transactions using bitcoin. It is assumed most people are familiar with git, but specific recipes are. The algorithm sets the rules for balancing the supply and demand of the stablecoin. Palladium Coin. Tether tokens were designed by the BitFinex crypto exchange platform. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . 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. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. Under the TRUST Act, a payment stablecoin is a convertible virtual currency that is designed to maintain a stable value relative to a fiat currency, such as the U. 66 billion to the present $129. Elephant Money - Introducing the TRUNK Stablecoin. 08 USD Bancor USDB $ 0. Cosmos-based. Elephant Money Futures Vaults. . In most cases, a stablecoin fixes its rate on a one-to-one basis. 59%. S. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. This doesn’t work for all stablecoins, especially those tied to the US dollar. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. ELEPHANT is Elephant. USD Coin is backed by reserves held in financial institutions. Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. 56% daily. Building strong protections into the design of the Libra Reserve. While cryptocurrencies such as bitcoin and ether are appealing for their ability to allow anyone to make payments without the need for a trusted middleman, they often. Fiat-Backed Stablecoins. Stablecoins aim to maintain their pegged rates using different means. Partially collateralized stable coin that captures value by being backed by a reserve of assets. The price increased by 100. They are backed by fiat currency (a government-issued currency), like USD and EUR, as collateral to supply a certain amount of digital coins. 760000% in the last 24 hours. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. TRUNK has never. 752 Trunk. Mint and Redeem taxes ensure the TRUNK/TRUMPET ratio can only ever increase. This type of cryptocurrency — ostensibly backed one-to-one by a stable asset like the dollar, making it more practical as a means for trades and transactions — is booming, with some $130. Unlimited NFT's. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. An algorithm manages the relationship between these two coins to attempt keeping the stablecoin pegged to the reference. 8 [. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. Stampede Perpetual Bonds. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. 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. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Stablecoins are not risk-free. io to mitigate smart contract risk. The end result after a year of higher highs, Elephant Money (in my. Turn on the mining software without overclocking. dollar. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. Tether. Stable coins that are backed by assets other than cryptocurrencies or cash are known as asset-backed stable coins. Stampede Perpetual Bonds. Regarding fiat-backed assets, USDC. Scam News. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . This means, by purchasing the stablecoin, that the trader is essentially holding gold. Step 4: Swap 34,244,200,239,512. Now, they're coming for cryptoCOIN-OR Optimization Suite Binaries. Below is a list of the top five stablecoins we have identified that each have their own unique characteristics and all are supported by Trust Wallet. S. Installing Ipopt. The declining market caps of these stablecoins confirm this. When redeeming TRUNK (1% Fee), there are 3 actions happening. There are three main classes of stablecoin: Cash-collateralized stablecoins. U. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . TL;DR. 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. Dollar or a real-world asset such as gold. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. Back then the whitepaper referred to it as Mastercoin. Trumpet Features. 1. 2 million worth of Binance Coin. S. 00% in the last 24 hours. $79. 00 Diamond Platform Token DPT $ 0. 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. 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. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Frequently Asked Questions. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. “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. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. Please enjoy my video review on Elephant Money's new 205% APR Stampede Bond and how it uses partially collateralized Stablecoin TRUNK, a complimentary addition to the. 25 billion but is widely distrusted by crypto exchanges and traders. ステーブルコイン（英: Stablecoins ）とは、その価格が法定通貨、または市場で取引されるコモディティ（貴金属や工業用金属等の商品）などと連動（ペッグ）するよう設計されている暗号通貨である 。. 10, 2023, a combined $9. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Name. The Fed's latest "Financial Stability Report" issued a potentially well-timed warning that the. Elephant Money Futures Vaults. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others). The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. Real priced commodities like real estate, gold,. dollar) or a commodity like gold. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. ”. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. Coins. How two coins combined to hold one’s value steady. USD Coin, which is also tied to the U. Official Trackers. Rare coin and precious metals dealer. money trunk stable coin on BSC. You can see that with stampede, someone grew their account of 10k to 3. Price Stability Formula. With policymakers looking to coordinate a policy. They can achieve this predictability by pegging their market value to an external reference point like a fiat currency (for example, Tether has pegged to the U. The stablecoin allows investors for easier and anonymous. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. The most popular stablecoins. Stablecoins are crypto assets that aim to keep their price “pegged” to the market value of an external asset such as a fiat currency or commodity. ELEPHANT. The cryptocurrencies like Bitcoin and Etherium can be used as collateral instead of FIAT currency to create stablecoins. “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. This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. Stablecoins aim to maintain their pegged rates using different means. Fundamentally, backing the coin with less volatile traditional assets like USD or Gold makes it more stable, thus providing a safer alternative for all the players in the crypto ecosystem. The first through a chronological Redemption queue where arbitragers can buy TRUNK below peg and redeem it for 1:1 BUSD against the Treasury helping helping keep the liquidity pool ratios in balance. The UST stablecoin was built to deliver DeFi ( decentralized finance) trading on the Terra ecosystem. The main types of stablecoins include fiat-backed. . Licensed by the New York State Department of Financial Services, the stablecoin boasts a transparent 1:1 backing by U. ”. Guaranteed redemption for $1 USD. Money and InsurAce. Not all stablecoins use the same method to keep their value. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. In light of this, transactions using bitcoin. 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. 0 TRUNK to 44,156 BUSD . Tether. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. Crypto volatility, both long term and short. Elephant Money Futures Vaults. 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. ”. It is assumed most people are familiar with git, but specific recipes. 727 likes · 4 talking about this. 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. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. Stablecoins minimize typical cryptocurrency. Read more. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. USDT (TRC-20) is a U. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. TRUNK para calculadora USD, e muito mais em Coinpaprika. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. Stampede Perpetual Bonds. 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. Elephant Money Stable (TRUNK) Services. If you bond 10k trunk and claim 1 day, compound 1 day, etc. In addition, Tether (USDT) is a native token of the Tether network. The coin has seen massive expansion since its launch a few years ago. They are a vital part of the crypto economy. TRUNK High Yield Savings. MONEY implements a voluntary, sustainable, and permissionless global economic engine on top of a collection of blue chip assets, a core rewards token (ELEPHANT), and a stable coin (TRUNK). The cryptocurrency was initially created by Binance, and it is the most significant trading volume. We only do awesome! Canadian Veteran owned. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. Home » Coins Listing » Elephant Money Stable( TRUNK ) info, Elephant Money Stable( TRUNK ) chart, market cap, and price Elephant Money Stable (TRUNK) on BSC Elephant Money Stable (TRUNK) is a cryptocurrency, deployed. TRUMPET. S. Each Tether token (USDT) is supposed to be “tethered” to one U. 3 min read. This means that a stablecoin is only as stable as the underlying currency it represents and the mechanism used to maintain the relationship. Except for the brain, the trunk houses all the vital organs of the human body. MONEY implements an open global economic engine for stable coin yield. 20 coins Earn up to 26% Kraken Staking US Dollar 4. Trunk is a stable coin 1 Busd to 1 trunk ratio . Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. But for most users the APY will hover around 5%. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. save. 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). Close. 56% per day. Trumpet Features. S. These stablecoins are often advertised as being supported or backed by a variety of “reserve assets. 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. 05% bonus on every deposit and compound you can do so by becoming my partne. 2. , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. 12 July 2023, 18:55 GMT+0000. MONEY STABLE is a future-proof way to compound profits made across your portfolio. 2 million in equivalent has been permanently lost. It might as well define the next era of monetary ecosystems, which will probably be decentralized. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Type of Stablecoin. 5% reward on deposit & rolls by setting up a. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. I've been earning 0. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. USD Coin is a popular stablecoin pegged to the U. Scam News. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. Users can convert their stable-coins into vol-coins or their vol-coins into stable-coins at a rate of $1 worth of vol-coin per stable-coin, perhaps with a 0. Trunk is a stable coin 1 Busd to 1 trunk ratio . Unlike. Get real-time crypto data now! – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . S. Elephant Money Farms. Forgoing the future transition to a permissionless system while maintaining its key economic properties. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. 207213, and now sits at $0. TerraClassicUSD is up 0. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. Price Stability Formula. Step 4: Swap 34,244,200,239,512. 9 billion on January 1, 2022, and ended off at $138. Projects currently included in the COIN-OR Optimization Suite are listed below. It is designed to find (local) solutions of mathematical optimization problems of the form. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Since their all-time supply highs in November 2022 until Feb. Elephant Money Futures Vaults. — 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. The firm previously said USD Coin was backed 1:1. A guide to stable crypto money. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. 5M and its 24h trading volume is $85K. 55mil trunk over the next year. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. 100% Upvoted. Today it reached a high of $0. dollar or the Euro. Central banks are also exploring them as part of projects around digital currencies. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. ~Cryptozoa. Gold and silver are the most popular commodities kept as the underlying collateral. I like to take some more risk and higher yields. g.