USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. They can be linked to the cost of commodities including gold, silver, oil, diamonds, real estate, and more. report. Elephant Money Stable (TRUNK) Services. Decentralized stablecoins use algorithms and smart contracts to control the supply of the token to maintain its stable value. 5 billion contraction represents a 17. ELEPHANT - Nomics. Stable Coin SBC $ 1. — 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. Binance trading fees: maximum of 0. As a result, MakerDAO has shifted much of its reserves to USD Coin, one of the most popular stablecoins in terms of market cap. Press J to jump to the feed. dollar-pegged stable coin project dubbed Stronghold. While the IT titan isn’t new to the world of crypto, stable. scalciaregt • 2 yr. To guarantee a $1 peg per coin, fiat-backed stablecoins. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. e. AFP via Getty Images. TRUMPET. This means, by purchasing the stablecoin, that the trader is essentially holding gold. D. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. S. The $87 billion stablecoin operator has large coffers that could make it a significant competitor in. November 7, 2023 at 12:38 PM PST. 2022-04-15 08:47:27. Because they are pegged to a real-world asset, they represent real money. 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. USDT (Tether) USDC (USD Coin) BUSD (Binance USD) DAI. 3. 59% Vol 24h: 47 399 535 559 € Valor de mercado: 1 093 969 535 175 € (1. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. Trunk Staking & Stampede Bond. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. The stablecoin allows investors for easier and anonymous. . The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. 2 million in equivalent has been permanently lost. 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. BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). Consider buying stablecoins for crypto transfers or if you want to lend crypto. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. TRUMPET. Money (TRUNK token). The most popular kind of stablecoins are fiat-backed stablecoins. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. more USD Coin (USDC): Definition, How It Works in Currency, and ValueStablecoin values are pegged to the value of a given currency. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. Allaire’s company is the issuer of the USD Coin (USDC) stablecoin, the second largest after Tether. 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). ELEPHANT is the other token for the protocol. . Elephant Money Stable (TRUNK) price is up 0. A stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities (such as precious metals or industrial metals), or another cryptocurrency. Stable Coin. S. The actual token price may sway a little bit in reaction to changing market conditions, and the actions that keep it. , one unit of a dollar-pegged stablecoin may be equal to $1. 26. Stablecoins can be backed by cash, cash equivalents, commodity. TRUMPET. Stablecoins offer a way to bridge the gap between fiat currencies like the U. USDC can be sent and received instantly through Circle or on. Treasurys. These are widely used. io partner to secure stable coin yield Elephant. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. Get real-time crypto data now! – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Tether ( USDT) is a cryptocurrency stablecoin pegged to the U. Now, they're coming for cryptoCOIN-OR Optimization Suite Binaries. Stampede Perpetual Bonds. 66 billion to the present $129. Official Trackers. But there is one cryptocurrency that is designed to be the exact opposite. Partially collateralized stable coin that captures value by being backed by a reserve of assets. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. Check out a working copy from a repository. However, you should note that neither of these coins is backed by the United States government like the dollar. In most cases, a stablecoin fixes its rate on a one-to-one basis. One of the most common ways to peg a stablecoin is by holding the currency the token wants to peg itself to. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. Treasury bills, which are. With trunk, you are able to compound your earnings when you stake your trunk. Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by. Both collateral assets are securely stored in treasuries. Also, the reward token of DOGS will likely fall in value once stakers reach their 90 day reduction in taxes down from 90% to the minimum 6%, allowing the speculators to sell DOGS with less tax. Stablecoins minimize typical cryptocurrency. Unlimited NFT's. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. Tether (USDT) is the most widely used stablecoin and is pegged to the U. Elephant Money is…The Elephant. S. ELEPHANT - Coingecko. MONEY implements an open global economic engine for. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. Which is easy for people to understand. If you want to earn 205% APR / 672% APY by investing Trunk in Stampede and get a . 12 July 2023, 18:55 GMT+0000. The Reasons, Risks and Types to Know. Since their all-time supply highs in November 2022 until Feb. For example, if functioning correctly, a stablecoin pegged to the US dollar or. 14 1irstGold 1GOLD $ 58. 2:25. ELEPHANT is used to generate yield for TRUNK and support the peg. A stablecoin is a particular type of cryptocurrency that is “pegged” to a more stable reserve asset. The project aims to offer services to those who need wallets to keep their cryptocurrencies safe. Crypto was meant to unseat the financial giants. Fiat-Backed Stablecoins. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. 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. Victoria, BC. The decrease came as the result of a broader market sell-off in all cryptocurrencies. 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. io partner to secure stable coin yield Elephant. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. Outside of those situations, stablecoins probably aren't a necessity. Key Points. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. Unlimited NFT's. Some stablecoins can be pegged to other types of assets. Elephant. Swap half the MAI for USDC for 1% fee on QiDao. Stablecoins are cryptocurrencies "pegged" to a fiat currency. 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. Operating primarily on the BNB Chain, it’s a fresh contender in the market. 00% in the past 7 days. Money suffered a major loss today with investors losing about 90% of their value in the platform in seconds. Decrypt • Nov 22, 23. Stablecoins by Market Cap and Volume. ELEPHANT. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. Stablecoins attempt to solve a challenging problem in the cryptocurrency market: volatility. With trunk, you are able to compound your earnings when you stake your trunk. 760000% in the last 24 hours. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Not all stablecoins use the same method to keep their value. 206396. On Thursday, Bitcoin hit a 52-week low, slumping to $25,402, a level not seen since December. 8M BUSD to H1, 64,450B. A stablecoin that is “pegged” or “anchored” to another asset is a stablecoin that follows the buying power of another asset that people consider to be stable, like the Dollar, Euro, or Yen. , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. S. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. When redeeming TRUNK (1% Fee), there are 3 actions happening. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. 8M BUSD to H1, 64,450B ELEPHANT to H1 ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. We update our TRO to USD price in real-time. TRUMPET Token - Additional Details. 85 at one point late Monday. Installing Ipopt. % Rolls. S. Any other chart, with any other token would be deemed a memecoin, with watchers standing on the sidelines waiting for the FOMO to stop, and the gut-churning Drop to start. 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. This. 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. 4. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. 59%. Reason: Removes TRUNK from circulation. 56% daily. A payment stablecoin must be designed to be widely used for the purposes of exchange, is. 23% of stablecoins — were. Check out our AI powered knowledge base Elephant Money 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. 3 min read. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. U. The dollar is significantly more stable than a cryptocurrency like Bitcoin or Ether. Price manipulation: Fintech: CC: N/A: Link: Elephant Money, ELEPHANT, TRUCK: 87: 12/04/2022--Anonymous: Ministry of Culture of the Russian. Dollar or a real-world asset such as gold. 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. The coin, called TerraUSD, is designed to maintain its value at $1. The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. According to Benzinga, these are the types of stablecoins currently available: commodity-backed stable coins, cryptocurrency-backed stablecoins, fiat-backed stablecoins, and seigniorage-style. For example, in the U. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token (ELEPHANT), and a stable coin (TRUNK). You can see that with stampede, someone grew their account of 10k to 3. 1 comment. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. S. Suzxy •. UST (Stablecoin) Luna (Floating rate) $20. Elephant Money Farms. 5 billion from January 2022, while USD Coin (USDC) and Binance USD (BUSD) gained market share. S. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. News; Prices;. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. Stablecoins are a type of cryptocurrency whose value is tied to another asset class to keep a stable, steady value. 5% daily passive income on Elephant Money with their Stampede contract using Trunk TokenReferral Address0x3F9eB5f8D42C117C8a02c40Ce34C19F. Sector. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. This means, by purchasing the stablecoin, that the trader is essentially holding gold. Trunk. This attack was carried out several times, and according to Elephant Money, a total of $11. This doesn’t work for all stablecoins, especially those tied to the US dollar. They aim to offer all the benefits of. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Unlocking Synthetic Derivatives With Chainlink Oracles. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. Elephant Money Stable (TRUNK) Services. Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. The algorithm controls the coin’s demand and supply, which are dictated by. 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. The new stablecoin will also be available on Ethereum. Written by Crypto And DeFi. . . It is assumed most people are familiar with git, but specific recipes are. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. ELEPHANT - CoinMarketCap. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. Examples include tether (USDT), USD coin (USDC) and. 1. Today it reached a high of $0. Some stablecoins are pegged to a fiat currency such as the U. Tether is another stablecoin option which I do not use t the moment. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. If the price of the stablecoin starts veering up or down from the value of the asset it is pegged to, then the supply of the stablecoin can be adjusted to get the price back to where it should be. dollar or gold. Stablecoins are cryptocurrencies without the volatility. 58 Karatgold Coin KBC $ 0. 1% exchange fee. Cosmos-based. Binance stablecoin withdrawal fees, which usually range from US$0. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. io to mitigate smart contract risk. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. 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. Two of the most popular stablecoins are USD Coin (USDC) and Tether (USDT), which are pegged to the U. However, algorithmic stablecoins, for now, feature as opportunities. When redeeming TRUNK (1% Fee), there are 3 actions happening. DRIP throws off 1%/day and has a cap of 100k DRIP. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Elephant Money Stable Coin price is $0. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. By implementing this strategy. Close. Stablecoin usage continues to climb in 2023, with hundreds of thousands of users relying on these US dollar-pegged cryptocurrencies every day. Elephant Money Stable (TRUNK) Circulating Supply. Stablecoins are a type of cryptocurrency designed to offer the flexibility of digital assets with the price stability of fiat currency. bsc. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. 2 min read. A stablecoin is essentially a cryptocurrency that seeks to peg itself to a stable currency, typically the U. A stablecoin is a digital currency that is linked to an underlying asset such as a national currency or a precious metal such as gold. S. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . The most popular stablecoins. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. The notion of something called a stablecoin may strike some as an oxymoron. TRUNK Rolled. Stablecoins, as the name suggests. 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. The opposite can be said about stable coins. 05X times your total deposited amount. 2 million worth of Binance Coin. 5 million holders. TRUNK is over-collateralized by BUSD with deep liquidity. All of these types of stablecoins are available on exchanges like Kraken. Elephant Money - Introducing the TRUNK Stablecoin. I like to take some more risk and higher yields. 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. The current CoinMarketCap ranking is #269, with a live market cap of $119,607,972 USD. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. Bitcoin’s value is volatile in comparison. 1/8 The STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry. This “peg” ensures a stablecoin stably expresses the value of its associated external asset, which in the vast majority of cases is a major fiat currency issued by a central bank. 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. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. 56% per day. . Today it reached a high of $0. The coin has seen massive expansion since its launch a few years ago. In most cases, a stablecoin fixes its rate on a one-to-one basis. I think this is known as the "Unstable trunk, stable branch" philosophy. dollar. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Anytime the price peg is threatened, the issuing. Lock in your gains. The Elephant Treasury system executes peg support for TRUNK Stablecoin in two ways. Elephant Money Futures Vaults. They aim to offer all the benefits of. Firstly, Tether has very little actual cash backing USDT since most of the assets backing the stablecoin are various forms of debt and other digital assets. Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. IN under five years, USD coin (USDC), the $38 billion blockchain-based digital dollar issued by Boston-based Circle Financial, has built itself into a leader in the $100 billion plus stablecoin. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. 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. kids and a stable income helped, but i think the sets got a lot better from 2000 to 2010. S. Stampede throws off only 0. 1%. Trunk is the elephant money’s stable coin. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. Step 2 — Consolidate and compound. The documentation consists of the following pages: Overview. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. 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. USDT can be used to purchase products. You can stake TRUNK for 111% APY Or bond in their Stampede product for 205% APR. The issuer builds their coin on a blockchain platform that supports smart contracts. So, not only do you benefit from the 31. Token Mechanics - Mint & Redeem. We make custom products you're super proud to. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. Redemption Queue. TRUMPET. . Key Highlights. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. Its purpose is to serve as a stable coin, meaning it is pegged to the US Dollar at a 1:1 ratio. The cryptocurrency was initially created by Binance, and it is the most significant trading volume. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. 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. So you have access to stable money that you can use on Ethereum. Interestingly, the asset’s availability on the Ethereum. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. S. Blockchain data on. Scam News. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . Blockchain Events, Coin Prices Marketcap And Detailed Reviews on Crypto Exchanges. By Selena 04/13/22 10:42 PM. Stablecoins aim to maintain their pegged rates using different means. Trumpet Features. 36%) Domínio BTC: 44. amount of outstanding coins. The stablecoin yield, however, depends on how much of CRO tokens you lock to stake on Crypto. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. Notifications. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. And with stable coins I use Elephant. Each fiat-backed stablecoin is tied to. 8 [ and USD Coin (USDC - $50 billion market cap), are backed by assets such as fiat dollars in a bank account, treasuries, or. The live TRUNK COIN price today is $0 USD with a 24-hour trading volume of $0 USD. Investors didn't want LUNA or UST. But all the existing algorithmic stablecoins failed to date, owing to their experimental nature. . It is another popular fiat-backed stablecoin and is used on many exchanges. The cryptocurrencies like Bitcoin and Etherium can be used as collateral instead of FIAT currency to create stablecoins. Stable Video Diffusion Is Stability AI's Gambit for the Future of Video. ELEPHANT. It was launched in 2018 through a consortium called Centre that was created by fintech giants Circle and Coinbase. Promising faster transactions and lower costs, stablecoins are an alternative to traditional banking solutions. 2,848 likes. Money ecosystem grows. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. Blame the stablecoins. 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. 55mil trunk over the next year. e. S. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. #2. 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). 0000055761 BTC BC. Close. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder said they are working with their partners. For example, in the U. High Yield with Zero Fees / Taxes. Price Stability Formula. 75% p. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . S. 10). The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. Make Sense? Highest rate I have seen is elephant. The total stablecoins market cap shrank by $29. It. złota, srebra czy ropy naftowej. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. Stablecoins are digital currencies designed to maintain a direct one-to-one peg to a more stable underlying asset, like a national currency. S. [1]There are four main types of stablecoins in circulation: fiat-backed, commodity-backed, crypto-backed and algorithmic. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. Commodity-Backed Stablecoins. 10, 2023, a combined $9. 2 million coins and since then, the UST supply has increased by 132,504%. TRUNK Deposits.