LogoLogo
  • What Is Elephant Money?
  • Overview
    • Using The Wiki
  • Ecosystem Tokens
    • ELEPHANT
      • Fees - Detailed
      • Economics
      • Elephant Buyback System
    • TRUNK token (Elephant Money Stable)
      • Deflationary Mechanics
    • SVNN token (Savanna Haus)
      • Details
  • Services
    • Elephant Money Futures Vaults
      • Futures Key Features
      • System Wide - Dynamic Rate Scaling
      • Base Rate & The BNB Reserve
      • Personal Rate
      • Futures Deposit & Claim Mechanics
      • Futures Maxes, Limits & Payouts
      • Individual Account - Adaptive Rate Limiters
    • Unlimited NFT's
      • Key Features
      • Minting Batches
      • Mint, Rewards & Claim Mechanics
      • Rewards
      • NFT Marketplace
    • TRUMPET
      • TRUMPET - How It Works
      • Trumpet Features
      • TRUMPET Token - Additional Details
      • Token Mechanics - Mint & Redeem
        • TRUNK Buyback Strategy
  • Price Stability Formula
    • Liquidity Management (Stability)
    • ELEPHANT Token Supply Management System (Growth)
    • Token Holder Distribution
    • Circulating Supply
  • Tokenomics
    • Launch & Initial Token Distribution
    • The Graveyard (GY)
      • The Graveyard Rebalanced Event
    • Buy with Bertha (BWB)
  • Elephant Money Treasury System
    • Elephant Treasury (BERTHA)
      • BERTHA - How It Is Funded
      • BERTHA - Responsibilities
    • BNB Reserve
      • BNB Reserve - How It Is Funded
      • BNB Reserve - Responsibilities
    • BTC Turbine
      • How It Is Funded
      • Responsibilities
    • TRUNK Turbine
      • How It Is Funded
      • Responsibilities
  • Liquidity
    • ELEPHANT/BUSD LP
    • ELEPHANT/WBNB LP
    • TRUNK/WBNB LP
    • TRUNK/BUSD LP
  • How To Guides
    • How To Deposit Into Futures
    • How To Buy / Sell / Transfer ELEPHANT
      • Buy / Sell via PCS (10% Transcation Fee)
      • Buy With Bertha (8.5% Transcation Fee)
    • How To Mint & Stake Unlimited NFT's
    • How To Mint & Redeem TRUMPET
  • Navigating The Website
    • ELEPHANT
      • Balance (Overview Tab)
      • Stake % (Overview Tab)
      • Price - SA (Elephant Stats)
      • Graveyard (Elephant Stats)
      • Liquidity (Elephant Stats)
    • Unlimited NFTs
      • Main Dash
      • Overview Section
      • Staking Section
      • Marketplace
    • Elephant Money Futures
      • Available
      • Total Value
      • Claimed
      • TVL (Overview Tab)
      • Participants (Overview Tab)
      • Total Deposited (Overview Tab)
      • Total Claimed (Overview Tab)
      • Available Sweep (Overview Tab)
      • Daily Liabilities (Yield Tab)
      • BNB Reserve (Yield Tab)
      • Daily Yield (Yield Tab)
    • TRUMPET
      • TRUMPET holdings
      • TRUNK Balance (TRUMPET)
      • Get Trumpet (Button)
      • Price (TRUMPET)
      • Supply (TRUMPET)
      • Backed Supply (TRUMPET)
      • Participants (TRUMPET)
    • The HERD Partner Network
      • Partner Network Dashboard
      • Partner Tab (HERD)
      • Stats Tab (HERD)
      • Checker Tab (HERD)
  • Security
    • Protecting Against Flash Loan Attacks
    • TWAP Oracle
    • Audits
  • Referral Program
    • The HERD Partner Network
      • Buy With Bertha Partner Rewards
  • Glossary
    • RFI Rewards
    • Bertha
    • AMM
    • (3,3)
    • Rainy Day Fund
  • OFFICIAL LiNKS
    • Website
    • Socials
    • Contract Network
    • Analytics Dashboards
    • Shop
    • Community Links
      • Tools
      • Calculators
      • Content
        • Youtube Channels
        • Medium Writers
Powered by GitBook
On this page
Export as PDF
  1. Elephant Money Treasury System
  2. TRUNK Turbine

Responsibilities

The TRUNK Turbine plays a crucial role in Elephant Money's ecosystem by accumulating and holding TRUNK as a long-term store of value. Its key responsibilities include:

  1. Asset Diversification: The TRUNK Turbine diversifies Elephant Money's treasury holdings by incorporating TRUNK (deflationary cross-chain memecoin) into its asset portfolio. This reduces the protocol's reliance on a single asset and mitigates risks associated with market volatility.

  2. Value Appreciation: By continuously accumulating and holding TRUNK, the TRUNK Turbine aims to benefit from TRUNK's potential price appreciation over time. This could lead to significant growth in the value of Elephant Money's treasury, providing a sustainable source of wealth generation for the ecosystem.

  3. Elephant Treasury Support: A fixed 1% APR on the TRUNK Turbine is used to buy back ELEPHANT tokens and send them to the ELEPHANT Treasury (the payor of last resort for all debt in the Elephant Money ecosystem).

  4. Risk Mitigation: The TRUNK Turbine, along with the BTC Turbine, was introduced as part of the "twin turbine" system in Futures v10. This strategic move aims to enhance the ecosystem's resilience by diversifying its asset base and reducing reliance on a single source of yield generation.

In essence, the TRUNK Turbine serves as a critical component of Elephant Money's treasury management strategy, enabling asset diversification, value appreciation, yield generation and risk mitigation.

PreviousHow It Is FundedNextELEPHANT/BUSD LP

Last updated 11 months ago