BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). Stablecoins were designed to address this issue, ensuring a stable value over time. It was launched in 2018 through a consortium called Centre that was created by fintech giants Circle and Coinbase. Stablecoins by Market Cap and Volume. 2. Stampede Perpetual Bonds. report. Go to beefy to auto compound this stable coin pair. the collateral deposited by the user is generally worth more than the DAI they get in return). An algorithmic stablecoin is a cryptocurrency governed by algorithms (i. 00 Diamond Platform Token DPT $ 0. TRUNK Stake. Both collateral assets are securely stored in treasuries. Often, those assets underwrite an issuer’s commitment to redeem its stablecoins for a fixed value upon demand. S. "," ",". Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. In addition, it also guarantees a stable value of UST as the value of TerraUSD is determined by the demand and supply of LUNA. The stablecoin yield, however, depends on how much of CRO tokens you lock to stake on Crypto. 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. Stablecoins are cryptocurrencies "pegged" to a fiat currency. Stablecoins, as the name suggests. “Since the token value after the attack is more than the cost, the attacker can get around $4 million profit in one round of the attack,” BlocSec said. It is a fiat-collateralized stablecoin. You will always earn 2. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. An algorithm manages the relationship between these two coins to attempt keeping the stablecoin pegged to the reference. 7. S. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. U. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. Liquidity cost: low. 12 July 2023, 18:55 GMT+0000. Stablecoins that use collateralization should hold a matching amount of a specified asset in their reserves. A stablecoin is a cryptocurrency just like Bitcoin or Ether. Staking TRUNK; TRUNK is the stablecoin of the protocol. It is designed to find (local) solutions of mathematical optimization problems of the form. 2 million worth of Binance Coin. Close. Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U. Secondly, Tether's market capitalization recently. Put text in, get vibrant video content out—Stability AI joins the fray with Meta, Runway and Pika Labs. Building strong protections into the design of the Libra Reserve. TRUNK para calculadora USD, e muito mais em Coinpaprika. You will always earn 2. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. 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. 2 million lost"Funds are safe, don't answer, don't sell"Elephant Money, a decentralized "yield farming" protocol on BNB Chain with native token ELEPHANT and stablecoin. USD Coin (USDC) is a popular stablecoin that is pegged to the U. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. These tokens are intended to function with stability, as their name implies. Stable coins have seen a huge surge in popularity mainly because they are used in DeFi transactions. I’m then taking the income from DRIP and diversifying into the elephant ecosystem as a stable coin based strategy, using both TRUNK and STAMPEDE to further. It's picked up popularity as more crypto wallets, platforms and. 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. Stablecoins minimize typical cryptocurrency. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Stablecoins bridge the worlds of cryptocurrency and everyday fiat currency because their prices are pegged to a reserve. Premium Powerups Explore Gaming. stablecoin. A guide to stable crypto money. A stablecoin is a cryptocurrency designed to maintain a steady value by being tied to a more stable asset like a traditional currency or gold. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. Unlike a centralized stablecoin which is backed with an equivalent amount in fiat or real world assets,. S. . The system keeps track of the total quantity of stable-coins in circulation. Elephant Money Farms. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. 18 billion at the time of writing. MONEY implements an open global economic engine for stable coin yield. Trunk is $1 stable coin that buys and owns 80% of Elephant money. 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. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. 2 million in equivalent has been permanently lost. Press J to jump to the feed. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. 2 million worth of Binance Coin. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. Key Highlights. TRUNK is over-collateralized by BUSD with deep liquidity. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. S. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Register Now. Description. 9. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. It is assumed most people are familiar with git, but specific recipes are. The ELEPHANT. ELEPHANT. It is another popular fiat-backed stablecoin and is used on many exchanges. Though this coin exists on the Ethereum blockchain, it is backed by Bitcoin. Stablecoins address the desire for a solution that effectively bridges the gap between fiat currency and cryptocurrency. That structure raises familiar risks. ELEPHANT - CoinMarketCap. Scam News. Today it reached a high of $0. ELEPHANT - Live Coin Watch. The stablecoin is named TRUNK. The stable-coin project built by Keefer Taylor and Luke Youngblood will fill a much needed void that is currently placed around many different stable-coins that are either still under development or custodial. 8 billion — or 7. The first year was the worst offender, because it paired spindly hinges with tree-trunk-stable click joints. dollar and cryptocurrencies. 66 billion to the present $129. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. 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. Both collateral assets are securely stored in treasuries. There are two primary means stablecoins achieve this stability, collateralization and algorithms. 2022-04-15 08:47:27. TRUMPET. We make custom products you're super proud to. . Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. Money’s store of value token (BEP-20) on the Binance Smart Chain (BSC) that captures value by having the most fair distribution, an auto-balancing burn mechanism, and by…It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . Their low transaction costs and traditional asset. dollar. 2 min read. PAX (Paxos. We would like to show you a description here but the site won’t allow us. ELEPHANT. MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Rare coin and precious metals dealer. 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). The most popular stablecoins today use a centralized model and back new token issues with fiat currency at a one-to-one ratio. TRUMPET. Unlike cryptocurrencies like Bitcoin, their prices remain steady. 36%) Domínio BTC: 44. . Elephant’s Stampede has a 205% return limit that effectively becomes infinite as long as you keep compounding. While the IT titan isn’t new to the world of crypto, stable. ELEPHANT is used to generate yield for TRUNK and support the peg. 2 million worth of Binance Coin. USD Coin, which is also tied to the U. com and the amount of stablecoins you deposit. S. 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. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. S. Tether Holdings Ltd. money trunk stable coin on BSC. Money and InsurAce. Key Takeaways. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. Lock in your gains. For example, in the U. com. Elephant Money Stable (TRUNK) Services. USDT, or Tether Limited, was conceived of in January 2012. By implementing this strategy. Minimum 30% interest on your dollar. 207213, and now sits at $0. Dollar (e. Creating a system where users can trade. 1942 Tombac nickel - King George III. Bitcoin’s value is volatile in comparison. 8M BUSD to H1, 64,450B. The crypto ecosystem is ever-evolving. Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. 5%. Trunk is a stable coin 1 Busd to 1 trunk ratio . A stablecoin is a particular type of cryptocurrency that is “pegged” to a more stable reserve asset. A stablecoin is a cryptoasset pegged to another asset, such as fiat currencies or precious metals. pegs in different ways, most of the regulatory attention has focused on coins that are putatively backed with reserves of assets denominated in fiat currency. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. High Yield with Zero Fees / Taxes. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. We update our TRO to USD price in real-time. S. The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. A stablecoin is cryptocurrency with a twist. The coin’s value only fluctuates based on the price of the physical metal that backs it; buying low and selling high will yield a profit. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Price Stability Formula. Stablecoins are cryptocurrency coins that attempt to reduce the natural volatility inherent in cryptocurrencies. Suzxy •. November 7, 2023 at 12:38 PM PST. Minimum 30% interest on your dollar. dollar) or a commodity like gold. “Since the token value after the attack is more than the cost, the attacker can get around $4 million profit in one round of the attack,” BlocSec said. Token Mechanics - Mint & Redeem. TRUNK Deposits. 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. 206396. In a market where the price of the assets one holds is swinging violently, the option to ‘store’ funds’ value in a way that excludes volatility is quite essential. For example, if functioning correctly, a stablecoin pegged to the US dollar or. Commodity-Backed Stablecoins. TrueUSD (TUSD) At the moment it is one of the most reliable and proven stablecoins, as the company creating it has an open and transparent policy. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. Elephant Money Stable Coin price is $0. TRUMPET. Step 4: Swap 34,244,200,239,512. dollar. g. 93K Followers. Like many. A payment stablecoin must be designed to be widely used for the purposes of exchange, is. Close. The cryptocurrencies like Bitcoin and Etherium can be used as collateral instead of FIAT currency to create stablecoins. When redeeming TRUNK (1% Fee), there are 3 actions happening. Photo: Pixabay. 1. Money is happy to confirm that we have officially partnered with InsurAce. Tether is owned by iFinex, the Hong Kong-registered. Algo peg to the dollar. . You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. Summary: USD Coin (USDC), created by Circle Internet Financial, LLC (NMLS ID# 1201441), is the most secure and reputable stablecoin in the digital asset arena. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. The coin, called TerraUSD, is designed to maintain its value at $1. Unlimited NFT's. When 1 UST is less than $1. . TRUNK's market cap is $7. S. 206396 0. Stable Coin. You. Price Stability Formula. 2 million in equivalent has been permanently lost. 2. ELEPHANT fiyatının yükselmesine ve saldırganlar için döngü başına 4 milyon dolarlık bir kâra neden oldu. The fact that stablecoins are pegged to an external reference, often a fiat currency, keeps their market value stable. The torso muscles attach to the. The stablecoin allows investors for easier and anonymous. 05% bonus on every deposit and compound you can do so by becoming my partne. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. dollar, gold, or stock in a public company. dollar or the Euro. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. ELEPHANT. dollar in a 1:1 ratio, meaning that USDD maintains its value at a fixed exchange rate to the U. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. Well-known Fiat-collateralized Stablecoins. ELEPHANT. For example, if functioning correctly, a stablecoin pegged to the US dollar or. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. How The System Supports The Peg. Gold has now completed the retest of its long term trend line and should be poised for higher gains. Reward credits are based on the bond float of Stampede. , smart contracts) to dynamically reduce the price volatility of a specific asset, such as the U. June 07, 2022. Operating primarily on the BNB Chain, it’s a fresh contender in the market. S. Their value is fixed, usually on a 1:1 basis with the U. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. Lock in your gains. 85 at one point late Monday. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. They aim to offer all the benefits of. Microsoft: These hackers are using a simple trick to hide their Windows malware | ZDNet Liam Tung is a full-time freelance technology journalist who writes for several Australian publications. Their market capitalization has grown exponentially over the last couple of years, from $5 billion in 2019 to around $180 billion in 2022. In light of this, transactions using bitcoin. S. Price remains stable because if you can buy the coin for less than $1, you can go and exchange it with the issuer for $1 and vice versa. MONEY implements an open global economic engine for. Tether is another stablecoin option which I do not use t the moment. While cryptocurrencies such as bitcoin and ether are appealing for their ability to allow anyone to make payments without the need for a trusted middleman, they often. However, you should note that neither of these coins is backed by the United States government like the dollar. Count Withdrawn. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. Elephant Money Futures Vaults. USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. The total market capitalisation for stablecoins continues to rise and is now estimated to have reached over $180 billion. Yahoo - ELEPHANT. Stable currencies are more useful as a store of value and medium of exchange. 01 JPY Coin v1 JPYC $ 0. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. Please enjoy my video review on Elephant Money's new 205% APR Stampede Bond and how it uses partially collateralized Stablecoin TRUNK, a complimentary additi. Log In Sign Up. TRUNK has never gone to zero and the system dynamically adjust yield generation based on the percentage to peg. 1. and Europe, as well as a consumer flight to safety in the crypto. Both collateral assets are securely stored in. 5% daily passive income on Elephant Money with their Stampede contract using Trunk TokenReferral Address0x3F9eB5f8D42C117C8a02c40Ce34C19F. amount of outstanding coins. Stablecoins sometimes lose parity with the asset to which they’re pegged. at the end of year 5, you will have 1. TRUNK COIN. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . For the majority of the time since the exploit expenses were covered out of the foundersfrom a user or third-party. Circulating Supply. The recent crash of Terra’s Luna and algorithmic UST stablecoin sent seismic shocks through the crypto community, leaving many to question which. Circulating Supply. With trunk, you are able to compound your earnings when you stake your trunk. These are widely used. 55mil in 6 years and this doesn't even include all of the claims that user made. 00% in the last 24 hours. Money and InsurAce. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. This means, by purchasing the stablecoin, that the trader is essentially holding gold. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. The $87 billion stablecoin operator has large coffers that could make it a significant competitor in. This doesn’t work for all stablecoins, especially those tied to the US dollar. TRUMPET - How It Works. 2 million coins and since then, the UST supply has increased by 132,504%. bsc. This contains the "latest and the greatest" code and is forward looking. 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. Algorithmic stablecoins are innovative mechanisms that can elevate decentralized finance. BUSD: One of the best stable coin. Trunk is your main source. Decentralized finance ( DeFi) protocol Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet Wednesday afternoon. Trumpet Features. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. Stablecoin values are pegged to the value of a given currency. The coin has seen massive expansion since its launch a few years ago. #2. Gold and silver are the most popular commodities kept as the underlying collateral. That ratio of collateral to DAI is algorithmically calculated to maintain the stable pegged price of 1 DAI = $1. The “international. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. Two of the most popular stablecoins are USD Coin (USDC) and Tether (USDT), which are pegged to the U. The company Circle had said its U. 15 June 2023. The stablecoin cryptocurrency system is grounded in a unique philosophy of what constitutes the best institutional arrangement for generating trust in money. dollar or the euro. Treasurys. Mint and Redeem taxes ensure the TRUNK/TRUMPET ratio can only ever increase. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. By Ehis Ohiwerei. Stampede bonding trunk you get 205% and daily compo. Fiat currency digital asset is the most popular use case for stablecoins. 00% in the past 7 days. Its purpose is to serve as a stable coin, meaning it is pegged to the US Dollar at a 1:1 ratio. Palladium Coin. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. 13 Fantom USD FUSD $ 0. Listen. Treasury bills, which are. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. To maintain a stable value relative to fiat currency, many stablecoins offer a promise or expectation that the coin can be redeemed at par upon request. In most cases, a stablecoin fixes its rate on a one-to-one basis. Unlimited NFT's. With policymakers looking to coordinate a policy. The token is tied to the USD on a 1:1 ratio,. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. S. These rates are at the low end when it comes to the crypto exchange industry. Installing Ipopt. You can stake TRUNK for 111% APY Or bond in their Stampede product for 205% APR. Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. ~Cryptozoa. TRUNK - Nomics. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. On November 25, 2020, UST had a circulating supply of 13. Elephant Money - Introducing the TRUNK Stablecoin. TRUMPET. Calculate between Elephant Money Stable and US Dollars. 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. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . Sooke, BC. What is Bertha & Why Is It So Important To The Elephant Money Ecosystem? What Is The Graveyard?This ELEPHANT is sold for TRUNK and that TRUNK is deposited into the Dividend Pool. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. ”. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. g. dollar. 58 Karatgold Coin KBC $ 0. 55mil trunk over the next year. 5 million holders. dollar. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. To control the inflationary tendency of cryptocurrencies, users must be convinced to spend the tokens instead of saving them.