> For the complete documentation index, see [llms.txt](https://wiki.elephant.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki.elephant.money/liquidity/elephant-wbnb-lp.md).

# ELEPHANT/WBNB LP

The ELEPHANT/WBNB LP is the primary liquidity pool for $ELEPHANT. It offers participants an always open method to trade in and out of $ELEPHANT token seamlessly.

ELEPHANT/WBNB liquidity is built passively, and continuously deepens over time through these two mechanisms:

1. 50% of the transaction fee on buys, sells & transfers on PCS goes to build locked liquidity on PCS.
2. When the graveyard rebalances, 1% of the balance is sold to create an ELEPHANT/WBNB LP pair which is sent to locked liquidity on PCS.

{% content-ref url="/pages/pa0TOmfQfszQn1hEvvbJ" %}
[The Graveyard Rebalanced Event](/tokenomics/the-graveyard-gy/the-graveyard-rebalanced-event.md)
{% endcontent-ref %}

These two mechanisms ensure that liquidity is scaling appropriately with growth for the Elephant.Money ecosystem.

{% hint style="info" %}
100% of the ELEPHANT/WBNB LP is locked and protocol owned liquidity.
{% endhint %}