As mentioned in a previous post about Elephant Money, the protocol strives to offer a future-proof way to compound profits made on the BINANCE Smart Chain. Elephant Money is simply the first global decentralized community bank of its kind. It is a permissionless system for economic inclusion and helps its community accumulate wealth through active and passive cash flows. Elephant Money's token is a permissionless system for economic inclusion and helps its community accumulate wealth through 10% fees/burns on every transaction. After going strong for over a year and thriving after an economic attack, the Elephant Money team continues to innovate the DeFi space with its new Elephant Money Futures.
According to the website, Elephant Money Futures is a high yield cashflow engine that earns 0.5% daily on cash. Deposit 200+ BUSD and immediately start earning yield insured by the ELEPHANT Treasury. From there you can use many strategies to grow a nest egg, smooth out cashflow, or simply grow profits before entering ELEPHANT or the Farms.
Here are some of the benefits of Elephant Money Futures:
- A high yield cashflow engine that earns 0.5% daily on cash
- Immutable contract and yield generation, 100% on-chain
- Scalable and always open for business
- Core yield generation is provided by the unstoppable and proven ELEPHANT Treasury buyback program
- Deposit BUSD and earn BUSD rewards
- Paid out at 0.5% daily of your remaining balance
- Auto compound rewards on every deposit
- Claim at any time down to the second
- No fees or taxes of any kind
- Yield is paid by a growing Elephant Treasury
- 200 BUSD minimum deposit and 1M BUSD max balance
- 90% of funds are sent to the BUSD Treasury for use by governance contracts
- 10% of funds are held in a BUSD buffer pool for yield repayment
- 1% referral rewards (paid out via Stampede)
- Adaptive rate limiting once over 50K compounded yield vs deposits from 10 - 50%
- 200 BUSD deposit minimum, 1M BUSD max balance, 2.5M BUSD max payouts (for deposit), and 50K BUSD max daily claim
