The FUTURE of High Yield Savings with Elephant Money Futures
Thanks to Loreto Acosta Alvarez for providing Spanish Translation which can be found here: https://medium.com/@loretoacostaalvarez/los-ahorros-del-futuro-con-las-altas-rentabilidades-de-elephant-money-futures-7a51a975a7fe
Imagine a savings account that paid you 0.5% on your capital every single day. A savings account where the yield is paid from a treasury that is mathematically proven to grow in size and value. A treasury where human emotions like fear and greed cannot interfere with progress…….
It sounds pretty amazing doesn’t it……and it’s coming very very soon and in my opinion, we may be about to witness the future of on-chain digital banking.
Introducing Elephant Money Futures, the High Yield Savings contract available soon, exclusively at Elephant.Money.
First things first, before I get you all hyped up talking about potential returns and earnings that will make your eyes water, I want to talk about sustainability.
Because — if you’re thinking, I’ve heard all this before. You would be right. Countless ROI dapps in the DeFi space have tried, and so far failed, to create a sustainable model. In all the experiments I have seen and been involved with, the combination of a native token and user hyper-compounding results in only one thing, the value of the token drops faster than the speed of compounding. If you are not in very early, it is very difficult to get a return on your investment, never mind make a profit.
The worst of these experiments rely on pure ponzinomics and when the selling begins to outweigh the demand….well, we know how that ends. The best examples, and there have been some really good efforts, have simply managed to slow the decay through external revenue sources. No one has yet managed to crack the code and bring in enough external revenue to pay the promised returns.
So, if all these other dapps have failed, how is it possible that Elephant Money Futures can live up to the hype and the promises?
There is one major distinction between Elephant Money and other DEFI projects…………and that is Bertha.
Bertha is the Elephant Treasury and she is the backbone of the entire Elephant Money Ecosystem. While this article is not intended to be a deep dive on Elephant Money tokenomics, if you want to fully grasp the opportunity in front of you, you need to understand how the Elephant Treasury supports and pays for the yield that will be generated in Futures.
The Elephant Treasury (Bertha) is a smart contract that locks away Elephant Tokens through taxes and via various governance contracts within the ecosystem. Because there is a finite supply of Elephant Tokens, Bertha gradually owns more and more of the available supply. Her share just keeps growing.
As more of the supply of Elephant tokens gets locked up in Bertha, Elephant Tokens become more scarce which results in a supply squeeze and price appreciation of the Elephant Token. Over time, Bertha will grow in both size and value and will be able to fully cover the liabilities/outflows of the ecosystem.
Simply put, Bertha is the unstoppable friendly whale that will never dump on you. The Elephant Treasury is the great differentiator between Elephant.Money and any other financial platform available.
I’ve really just scratched the surface here on the tokenomics, for an absolutely phenomenal explanation on how exactly Bertha works, please check out this video by community member Bailey from Elephant Money Herd.
What is Elephant Money Futures?
With Elephant Money Futures, you can deposit BUSD (minimum $200) and earn 0.5% per day on your balance. The rewards will accumulate in your account up to a maximum of $50k. You can choose to claim your rewards at any time or make a fresh capital deposit (minimum $200) which will automatically roll your accumulated rewards back into your balance. Keep in mind that this works differently than most ROI dapps, as the rewards you claim will be deducted from your balance.
There is a maximum balance of $1 million and a maximum payout of $2.5 million. If at any time you build up $50k in unclaimed rewards, you will stop earning and must either claim your rewards or deposit a minimum $200 to kickstart your earning again.
The yield is generated and paid from the Elephant Treasury (Bertha) and there are no fees or taxes. However, limiters will be in place to slow down the effect of compounding. If the difference between what has been compounded and what has been deposited is greater than $50k, your daily earning will be reduced in the following tiers:
50,000 to 249,999 Daily rate 0.45%
250,000 to 499,999 Daily rate 0.425%
500,000 to 749,999 Daily rate 0.375%
750,000 to 999,999 Daily rate 0.325%
1,000,000 plus Daily rate 0.25%
The contract is immutable and yield generation happens 100% on chain in full transparency. Additionally, there is a 1% referral reward that will be paid out in trunk via the Stampede contract.
90% of funds deposited into futures will be sent to the BUSD Treasury and used to buyback Elephant Token and feed Bertha through existing governance strategies. 10% of funds deposited will be held in a separate BUSD buffer pool as a back up for Futures yield payouts.
And here is the the real beauty of this Futures product. Because 90% of the BUSD value deposited in Futures is sent to the BUSD treasury to buyback Elephant Token, Futures accelerates the rate of growth of the very thing that is going to keep it sustainable……Bertha.
This is financial engineering at its very best.
Now we’ve covered ‘WHAT’ EM Futures is, you’re probably wondering exactly how it works, and how you can benefit from it.
Here’s a quick example: if you deposit $10,000 and earn $50 in rewards per day for 30 days, you will accumulate $1,500 in rewards. If you choose to claim those rewards, you can bank the $1,500 and your balance will now be $8,500, and your rewards will be adjusted down accordingly. Alternatively, if you deposit an additional $200, your new balance will be $11,700, and you will now earn $58.5 each day.
If you were to keep depositing $200 per month for 2 years, your total investment would be $14,800 and your Futures balance would be $249,644, an increase of 1586%.
There are a huge number of different strategies that you could use if you choose to invest in Elephant Money Futures. I have created a really user friendly and comprehensive calculator that you can use to help you design your own strategy that fits with your own risk tolerance and growth expectations.
Check out the calculator here and make sure to watch my video tutorial below.
Here’s a quick examples of 3 strategies I have personally been considering.
Each of these strategies starts with a deposit of $10,000 and any future deposits are of $200.
Strategy 1
Deposit $200 monthly (automatically compound rewards) until Futures balance is $250,000. At which point switch to a strategy where you claim rewards one week and then deposit a further $200 for the next 3 weeks. Repeat.
Results After 3 years:
Total Invested: $22,400
Futures Balance: $577,104
Total BUSD Claimed: $150,565
Strategy 2
Claim rewards one week and then deposit a further $200 for the next 3 weeks. Repeat until Futures balance is $250,000. At which point switch to a strategy of claiming rewards one month and then depositing $200 and compounding the next month.
Results After 3 Years:
Total Invested: $33,800
Futures Balance: $221,213
Total BUSD Claimed: $98,715
Strategy 3
Deposit $200 monthly compounding rewards until Futures balance is $250,000. At which point switch to a strategy of claiming all rewards monthly.
Results After 3 Years:
Total Invested: $14,800
Futures Balance: $63,247
Total BUSD Claimed: $228,363
In summary
In this article, I have highlighted the potential of Futures and encouraged exploring the calculator to find a personalized strategy that works for you. I am confident that I will participate in Futures, adding new funds and utilizing the system for financial independence in a shorter timeframe.
Elephant Money Futures is set to launch soon and is a valuable addition to the Elephant ecosystem, which includes the Elephant Token, Elephant Money Farms, Stampede, and Elephant Money Futures. The goal of creating a “community bank” is becoming a reality. I hope this article inspires further research on the opportunity with Elephant.Money.
Referral Link:
If you have found this article useful, you are welcome to add me as your partner on the herd network, it benefits us both.
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Useful resources:
Website: Elephant.Money
Telegram: https://t.me/elephant_money
Discord: https://discord.gg/elephant-money
Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article. The article may contain affiliate links.
