The Elephant in the Room: How to Take Advantage of the Unique Opportunities on the Elephant Money Platform

In the last few weeks I’ve published a series of articles on The Elephant Money Farm. Now it seemed to be a good moment to consolidate the information shared in those articles and bring it together one article.

This article summarizes the Benefits of the Elephant Money Partnering system, the characteristics of the Elephant Money Farms and of the Farmers Depot.

Benefits of The Herd: A Unique Partnering Model

Partnering in the Herd can be a valuable experience for both individuals involved. By setting up a partner and connecting with them, both parties can benefit from the various actions available on the Elephant Money platform.

One of the main benefits of having a partner is the ability to earn rewards through different platform features such as Stampede, Buy With Bertha, Elephant Money Farms, Depot, and Elephant Money Futures.

When you add new TRUNK to your Stampede account or roll your available rewards, both you and your partner will earn 0.5% of the total amount. Additionally, when you use “Buy with Bertha” to purchase Elephant Tokens, 0.5% of the total amount will be rewarded to your partner.

The Elephant Money Farms also offer the opportunity for investors to farm TRUNK by staking their blue chips, with 1% of the earned yield being rewarded to the connected partner.

The Depot is a tool that can be used to mint TRUNK tokens at current market price, with 1% of the total amount deposited being rewarded to your connected partner. Lastly, Elephant Money Futures, the latest product launched on the Elephant Money platform, allows users to earn yield on bonded, locked-in BUSD deposits with 1% of the earned yield in BUSD being rewarded to your partner.

It’s important to note that your connected partner will benefit from all these actions, while you only benefit when interacting with Stampede. To fully benefit from all these opportunities, your partner should add you as their partner as well. Keep in mind that each person can only have one partner who benefits from them, but they can benefit from multiple partners who are connected to them.

Becoming part of the Herd in itself is a valuable thing as well. Not only from an investor point of view but also from a community point of view. Once you got involved in the protocol you will be welcomed in the Elephant Money community.

The Power of the Farmers’ Depot

The Farmers’ Depot is a new feature on the Elephant Money platform that allows users to mint TRUNK tokens at the current market price, with the added benefit of fixed pricing for their entire investment. This means that even if an investor is putting a large amount of money into the ecosystem, they will not experience the negative impact of slippage. The investment capital is also distributed in a way that supports the ecosystem and the TRUNK token price.

10% of the investment is moved to the BUSD Treasury to payout the redemption queue, 10% is used to buy TRUNK on PancakeSwap, and the remaining 80% is moved into the Elephant Treasury Bertha. The Elephant Treasury plays a crucial role in the ecosystem as it is responsible for paying out TRUNK rewards for Stampede, Staking, and the Farms, as well as bringing TRUNK back to its peg at 1 BUSD.

Growing Bertha will lead to a phenomenon known as FOMO, as people will regret not accumulating more Elephant tokens before the supply becomes too scarce. Additionally, a growing Bertha will lead to a faster settlement of the redemption queue, and increased interest in Staking, Stampede, and the Elephant Money Farms as the TRUNK price rises and the APRs increase.

EMF is Big: Elephant Money Farms (EMF)

The Elephant Money Farms (EMF) is a new yield farming product that offers unique features such as being lossless, trustless, and having no taxes or fees.

The farms work differently from traditional yield farming products by utilizing Dual Staking instead of Liquidity Pairs (LPs), which eliminates the risk of Impermanent Loss. This means that the initial collateral remains stable over time and the amount invested is the same as the amount that can be withdrawn.

Additionally, the farms are trustless, as the collateral is directly staked from the investor’s own wallet into a dedicated Vault with no lock-up or custodial layers. There is no administrative access to funds in the vault and only the investor’s keys can deposit and withdraw directly to the immutable vault.

This ensures that the funds are always under the control of the investor and cannot be tampered with or misused. Furthermore, there are no taxes charged when interacting with the farm contracts, which means that 100% of the earned rewards are paid out to the stakers, with no fees deducted. This makes the EMF a more attractive and profitable option for investors compared to traditional yield farming products.

The available farms require the Elephant Money native token TRUNK as input asset, combined with one of the blue-chip tokens or coins, earning yields based on the value of the TRUNK part of the share, times 2. The percentage yield is dynamically linked to the dollar value of TRUNK, with a max of 125% when TRUNK is at peg, which is 1 BUSD.

Wrapping Up

In conclusion, partnering in the Herd on the Elephant Money platform can be a valuable experience for both individuals involved. By connecting with a partner, both parties can benefit from the various actions available on the platform such as Stampede, Buy With Bertha, Elephant Money Farms, Depot, and Elephant Money Futures.

The Elephant Money Farms, in particular, offer a unique yield farming experience that is lossless, trustless, and has no taxes or fees. By investing in the Elephant Money ecosystem, investors can earn rewards while supporting the growth and stability of the TRUNK token.

So, join the herd today and start reaping the benefits of Elephant Money!

References

Website: https://elephant.money/

Whitepaper: https://elephant.money/media/elephant-wp.pdf

Telegram: https://t.me/elephant_money

Medium: https://medium.com/@bankteller