80th FRIDAY ELEPHANT TREASURY UPDATE
Hello, everyone!
This is the 80th Friday report on the Elephant Treasury covering 81 weeks of Bertha progress and activity.
Some Reflections
1. Strong Futures Weekly Deposits Continue
19 of the Top 24 weekly Futures cumulative deposits have occurred in the last 19 weeks.
19 for 19 weeks!
Previously to those 18 weeks, only 4 out of 24 weeks reached the Top 24.
2. Bertha’s Strength Permits a Streamlined, Multi-Product Emission-Free Ecosystem to Exist
Elephant Treasury has been a juggernaut in 2023 and because it has been a juggernaut, ET has been:
A. Creating significant Elephant scarcity and price appreciation.
B. Powerfully backstopping EM Futures since Futures launched on 1/21/2023.
C. Dispensing 1% APR of growing value is into the hands of EM Unlimited NFTs holders every day for months.
D. Allowing us to look ahead to getting Trunk back in the spotlight with a robust ET buying and burning of an emission-free Trunk token as envisioned and proposed while Trumpet gets revitalized.
Let’s check the numbers!
BERTHA TOKEN GAINS
For the 44th time in the last 45 weeks (.978), Bertha’s weekly token growth has eclipsed the 1-trillion mark. The only week she did not gain 1 trillion tokens in that time period, she gained 900 billion.
· 45 weeks coincides with the weeks that Futures has been in existence.
· In the previous 36 weeks before Futures’ launch, Bertha grew over 1 trillion in a week only 11 times (.306).
• This week Bertha grew 1.28 trillion Elephants (projected) to 193.18 trillion Elephants. 77 out of the last 81 weeks (.951) have seen Bertha token growth.
BERTHA VALUE
Bertha’s value remain in mid-October levels, with a $1.003M drop to $75,415,000 from $76,418,000.
Bertha’s value still stands at 6.43 times her value back on January 21, 2023.
THE IMPACT OF FUTURES ON BERTHA
Bertha has risen by 90.5% in Elephant tokens since the launch of Futures on January 21, 2023–2.01% per week.
Since Futures’ launch, Bertha has added 91.77 trillion Elephants to its size — an average of 2.04 trillion Elephants per week over 45 weeks. Last week the weekly average was 2.06 trillion.
⬆️⬆️Both of the two averages above have stayed very consistently at those figures over the course of time.
TARGETING TIME: 200T Elephants in Bertha
As we target 200T, we use the Futures-launch average (45 weeks now; 2.04T),
but we also are averaging from 9/29 (after reaching 175T) (10 weeks now; 1.99T).
Method 1:
2.04T average: 3 weeks, 2 days
(December 24, 2023)
Last week: (December 22, 2023)
Method 2:
1.99T average: 3 weeks, 3 days
(December 25, 2023)
Last week: (December 22, 2023)
FUTURES WEEKLY GAINS
New Futures participation rose to 2.892, which was a 41–wallet rise. Last week, 37 Futures wallets were added (2,851).
Futures’ deposits rose $753K to $21.134M — 7th highest all time.
Last week 581K was deposited into Futures for $20.381M.
Over $8.08M has been deposited into Futures over the last 9 weeks.
Futures’ TVL rose another $1.531M (projected) to $30.428M. Last week’s rise was $1.063M to $28.897M. 8 of the last 9 weeks has seen $1M+ in weekly TVL growth.
WATCHING EMU NFT GROWTH
EM Unlimited minting contributes proceeds directly to Bertha. This week we saw 59 mints to 11,942 from 11,883, following 93 mints the previous week.
Current NFT APR: 24.49%
Last week’s NFT APR: 25.49%
⬇️ 1.00 percentage points.
Lowest NFT APR: 22.55% (10/13/2023)
⬆️ 1.94 percentage points.
WEEKLY WATCH ON THE ELEPHANT LPs
56.0T Elephants in the BNB Pool
⬆️ 0.7T for the week.
$0.0₆3869 ⬇️ 3.20%
45.4 Elephants in the BUSD Pool
⬆️ 1.5T for the week.
$0.0₆3950 ⬇️ 6.4%
101.4T total Elephants remaining:
⬆️ 2.2T for the week.
Since May 9, we have seen a total of 78.7T Elephants removed from the LPs: ⬇️43.4%.
97.7T Elephants removed from the LPs and ⬇️54.2% are the highest marks recorded (9/29/23).
We have been conducting monthly Trumpet reports of late. Now is a great time for one:
One-month Trumpet Watch:
October 27, 2023: 1.994
December 1, 2023: 2.180
⬆️ 9.33% from 10/27
Last month: ⬆️ 6.7% from 9/29
The end of the year should be a stimulating time here at EM and with ET — a new vision for Trunk, a spotlight on Trumpet, and 200T Elephants for Bertha before the end of the year very probable.
Thanks to all the active members of the community — all your talents and all your zest. All the best to you all.
Thanks also for your support, and thanks again to Bankteller for his expertise and devotion to this protocol so that we can talk about success, as well as successes to come.
I look forward to what the final month of 2023 holds.
May the rest of your week go well!
