Cryptocurrency is an ever-evolving space, and there are always new products and services being launched to attract investors. The Elephant Money platform offers a product called Stampede, and a new version of this product has recently been announced.
Stampede is a high-yield cash flow engine that offers daily returns to its users. The new version of Stampede, V6, is based on the mechanics of Elephant Money Futures, which was launched a few weeks ago. We covered Futures in one of our previous articles.
In this article, we will explore the features of Stampede V6 and its mechanics, the implications of the migration from V5 to V6 and introduce a Stampede Strategy Calculator developed by a member of the Herd.
Features of Stampede V6
Stampede is a high-yield cash flow engine that allows investors to earn daily returns on their deposits. The daily return rate is peg-adjusted and will be 0.5% max.
The contract is immutable, yield generation is everlasting and happens 100% on-chain. This means that the contract code cannot be altered once it is deployed on the blockchain, and all yield generation is done on the blockchain.
Another important characteristic of Stampede V6 is that it is scalable and always open for business. Investors can deposit their funds into the contract at any time, and they can claim their rewards at any time down to the second. Stampede V6 is designed to be accessible to everyone, and there are no fees or taxes of any kind associated with it.
Core Yield Generation
The core yield generation of Stampede V6 is provided by the Elephant Treasury buyback program. This program is a core component of the Elephant Money ecosystem, which also powers both the Elephant Money Futures product and the Stampede V6 product.
Deposit TRUNK and Earn TRUNK Rewards
When depositing TRUNK into the Stampede product, 100% of the funds are sent to the TRUNK Treasury. Based on your Balance, TRUNK rewards are paid out at a rate of 0.5% (max) daily. This daily rate is Peg adjusted as mentioned earlier.
Any accumulated rewards are compounded on every additional deposit (min 200 TRUNK), which means that investors can benefit from “the power of compounding”.
Claim Rewards and Referral Rewards
Investors can claim their rewards at any time down to the second. The rewards are paid by a growing Elephant Treasury. Claimed rewards are subtracted from the account “Balance”.
Stampede V6 also offers a referral program, which allows investors to earn 1% referral rewards on deposit and yield. This means that investors can earn additional rewards by referring their friends and family to Stampede V6.
TRUNK Deposit Minimum, Maximum Balance, and Maximum Payouts
Some specifics apply to Stampede which are relevant for the way to manage your account:
- To participate in Stampede V6, investors need to deposit at least 200 TRUNK.
- The maximum Balance that an investor can hold in the contract is 1 million TRUNK.
- The maximum payout is 2.5 million TRUNK.
- Investors can claim a maximum of 50,000 TRUNK daily.
Interesting to realize is that everyone can reach the same end state. Depending on your initial investment and compounding strategy you will reach it sooner or later.
Migration from V5 to V6
For investors who have deposits in the current version of Stampede (V5), their Deposits will be converted into their current Balance for V6. So the current Payout and Maturity values of the current version are neglected in the migration to V6.
Available rewards will be carried over, and investors can continue to earn daily returns on their deposits. Compounding these rewards after the migration require a deposit of at least 200 TRUNK.
Furthermore, the Peanuts feature is deprecated, and the Farmers Depot will be the best way to get OTC TRUNK.
In one of our previous articles you can find more information about the mechanics of the Farmers Depot:
Using the Stampede V6 Calculator
The Stampede V6 Calculator is a tool that allows you to model different scenarios for compounding your TRUNK deposits, based on your projections for the value of TRUNK and the related daily rate of return.
The calculator is similar to the one used for the Futures product, but with some modifications to account for the differences in mechanics between the two products.
This calculator is developed by a community member, all credits to Crypto Stu!
The calculator requires you to input your starting balance in TRUNK, as well as your projected rate of return and the expected increase in the price of TRUNK. With this information, the calculator will provide you with a projected ROI (return on investment) for a given time period.
It is important to note that the calculator is not a guarantee of future returns, but rather a tool to help you make informed decisions based on your own projections and assumptions.
https://docs.google.com/spreadsheets/d/1XvbtxaluFkmajGwFkwDZTuyES9Nq83k0mMBUMTPFnJ4/edit?usp=sharing
NOTE: Make a copy before adjusting the values
It’s worth mentioning that there are some limitations to the Stampede V6 product, specifically in terms of the minimum and maximum deposit amounts. The minimum deposit is 200 TRUNK, while the maximum balance is 1 million TRUNK.
Additionally, the maximum daily claim is capped at 50,000 TRUNK, and the maximum payout is 2.5 million TRUNK. These restrictions are in place to ensure that the product remains sustainable and that the yields can be maintained over the long term.
All these elements are included in the calculator.
Wrapping Up
In conclusion, the announcement of the Stampede V6 product is an exciting development for the Elephant Money ecosystem. By applying the same mechanics as the Futures product, Stampede V6 promises to deliver reliable and sustainable yields to investors.
With the launch of the Stampede V6 Calculator, investors have a tool to model different compounding strategies and projections, allowing them to make informed decisions about how to maximize their returns.
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References
Website: https://elephant.money/
Whitepaper: https://elephant.money/media/elephant-wp.pdf
Telegram: https://t.me/elephant_money
Medium: https://medium.com/@bankteller
Linktree: https://linktr.ee/elephant_bootcamp
Dune Dashboards: https://dune.com/dedalus/Elephant-Money-Treasuries-and-Liquidity
Disclaimer
DYOR/NFA
Nothing in this article is to be considered as investment advice. The author or the publication cannot be held responsible for any investments, profits or losses you may incur as a result of this information. The article may contain affiliate links. Always DYOR.
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