Elephant Money Protocol Updates: Turbines, Treasury & Protocol Fee Changes
Elephant Money Protocol Updates: Turbines, Treasury & Protocol Fee Changes
🐘 Treasury System Says Goodbye
Key Protocol Changes:
- TRUNK/BTC turbines (1% APR drip) now function as slow-burn addresses, protecting ~8% of supply
- Supercharger holds 2.99M TRUNK ($448K), will help unlock $2.3M in Save.Finance
- Legacy ELEPHANT Treasury ($36K) being retired; new system pays stakers directly via TRUMPET
- Protocol moving to zero-maintenance model on BNB/SOL chains
- All value now stored in LPs ($40M+) instead of treasuries
- Protocol fees exclusively build locked TRUNK/ELEPHANT LP
Impact: Elephant Money reaches final form with deep liquidity and autonomous operations. Focus shifts to NFTs and TRUNK accumulation.
Elephant Money Protocol Announces Return
The OG reflect token protocol Elephant Money has announced its return to the crypto ecosystem. The protocol, known for its sustainable economic engine built on blue chip assets, is resuming operations after a period of inactivity. Key points: - Protocol features ELEPHANT rewards token and TRUNK stablecoin - Built on blue chip asset collection - Designed to provide yield in all market conditions The announcement marks a significant development for reflect token technology in the DeFi space. The protocol aims to continue its mission of delivering permission-less financial services.
Elephant Money Retires Buy With Bertha Program
Elephant Money has announced the retirement of its Buy With Bertha discount program on BNB Chain. Moving forward, all $ELEPHANT transactions will include a 10% reflect tax, aligning with the project's original vision. Key updates: - Current liquidity: $37M - Market cap: $42M - Status: Largest on-chain reflect token across all blockchains The transition aims to strengthen long-term holder alignment through automatic redistribution mechanics. Every transaction will now contribute to existing holders via the reflect tax system. This follows ELEPHANT's recent growth metrics: - 101% increase over past year - Outperformed 73% of top 100 crypto assets - Weekly $1000 rewards program for new wallets
Elephant Money Partners with NFTScan, Launches NFT Marketplace
Elephant Money has launched its NFT marketplace in collaboration with NFTScan.com, marking its entry into the mainstream NFT space. The platform aims to put control directly in the hands of community members. In related news, a 0.3 ETH donation was made to Unchain Elephant through funds raised by the Animal Remix gallery. Users can continue supporting elephant conservation by creating and minting artwork through the Coinbase Wallet NFT gallery. - New marketplace live at nftscan.com/marketplace/Elephant Money - Community-driven NFT ecosystem - Conservation efforts supported through NFT sales
Unlimited 2.0 Development Update
Elephant Money has announced that Unlimited 2.0, an upgrade to their yield-bearing NFT platform on BNBChain, is in final stages of development. Key points: - Platform upgrade confirmed to be near completion - Will affect FUTURES and Elephant Money Unlimited NFTs - Aims to improve sustainability and long-term profitability The team indicates more detailed information will be released soon. This update follows earlier announcements about changes to the FUTURES system.