BUSD Treasury
The BUSD treasury is the BUSD reserve of funds that are accumulated through the minting of TRUNK and 90% of the deposits into Futures. 10-50% of the BUSD pool is used to buy back ELEPHANT daily, which is subsequently moved to the Elephant treasury.
The BUSD treasury ensures that the system is adding constant buying pressure and liquidity to ELEPHANT for the system to reach a steady state.
Last modified 6mo ago