Futures Key Features
Last updated
Last updated
Deposit & lock BNB into the Futures vault and earn daily rewards on your Total Value Locked (TVL)
Rewards are paid at a rate of up 0.5% daily of your TVL
Minimum Deposit is 200 USD worth of BNB
Rewards can be claimed at any time
Rewards claimed will be deducted from Personal TVL
Unclaimed rewards will be rolled into your TVL automatically on a fresh deposit (compounding)
50% of funds are used to buy Elephant Token and sent to the Elephant Treasury
10% of funds are held in the BNB Reserve for yield repayment
20% of funds are used to buy and fund the TRUNK Reserve (executes ELE buy backs at 1% APR)
10% of funds used to buy and fund the BTC Reserve (executes ELE Token buy backs at 1% APR)
10% of funds are held in the
Yield is paid by the BNB Reserve & the Elephant Treasury
Max personal TVL is $1M USD
Max payout of $2.5M USD
Max daily withdrawal & max accumulated rewards $50k USD
Individual & system wide adaptive rate limiters in place to increase sustainability