Elephant Money Newsletter (8/3/2023) — BTC Adjusted Price $10.84
This is the Elephant Money Newsletter, a weekly update on everything Elephant. Please feel free to reference and share all the information in this newsletter!
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In this week’s update:
- Elephant Money: Analytics
- Bonus Chart: Where does the revenue come from?
- Marketing/Partnerships : Winners of the Patrick Cryptozoa Challenge, NFT Giveaway Winner, Twitter Spaces Info
- Raid a WEEK: Youtube and Medium
Elephant Money Stats
Elephant Treasury: (0930 PST)
7/27: 156.1T
8/3: 158.0 (Up 1.9T)
Both LP Total:
7/27: 135.7T
8/3: 132.2T (Down 3.5T)
Note: Above stats are real time on chain numbers provided bscscan.com. Dune analytics updates every few hours.
Liquidity Pools:
Elephant / BNB Liquidity:
Elephant Money is the 3rd TOP holder of wBNB on BSC.
7/27: Total BNB in Elephant/wBNB LP: 67,575
8/3: Total BNB in Elephant/wBNB LP: 69,456 (1,881 wBNB ! )
Elephant/BUSD Liquidity:
Elephant Money is the Top 7th Holder of BUSD on BSC.
7/27: Total BUSD in Elephant /BUSD LP: $13,083,565
8/3: Total BUSD in Elephant / BUSD LP: 13,448,393 ( Up 364,828 BUSD!)
30 day In vs Out:
Total In:
7/27: $2,00,000
8/3: $2,200,000 (Up $200,000)
Total Out:
7/27: $221,700
8/3: $251,200 (Up $29,500)
Futures: Assets Vs Liabilities
Futures TVL (Liabilities) : $12,120,012 ( Up $596,660 )
Elephant Treasury (Assets) : $36,006,000 (UP $2,478,000!!!!! )
Note: 2.9x more assets than futures liabilities! (Same as last week!)
Elephant Money Charts:
24 hours (8/3/2023 0930PST ): +1.73%
7 Day: + 5.23%
YTD: + 160.65%
BONUS CHART:
Where Does the Revenue Come From?
by Crypto Stu
Where does the Elephant revenue come from❓ What is the utility❓ How is this not just another Ponzi❓
These are questions I get asked over and over and over.
Within this chart lies the answer. 💯💯
The Treasury (payer of yield and the generator of revenue) grows her token count through taxes on the Elephant token, Futures Deposits, NFT minting and Trunk minting. (see the governance dashboard — https://dune.com/dedalus/elephant-money-governance)
This growth can be seen in the light yellow area on the chart. Nice and steady.
But where the real magic happens is in how this token growth equates to $ value growth. From June last year until now, the treasury has increased its token count by 91% but the $ value has increased by 462% (that’s 5 x more)❗️
Bertha’s liabilities are $ based and so she needs to sell less Elephant Token to cover her $ denominated debts.
The spread between $ value growth and token growth will continue to increase as Bertha controls more and more of the supply and we march up the parabola.
Elephant is the first protocol of its kind to really leverage the constant product formula. To deepen your understanding, I highly recommend THIS video by EMH —
NFT Supply Minted:
7/26: 3,936
8/3: 4,640 (Up 704 NFTs)
Total BUSD Deposits: $884,826
Current APR: 40.84% paid in Elephant Token
Total Rewards Paid Out to Stakers: $21,924 in Elephant Token
All updates on Elephant Money Unlimited NFTs will be provided by Bankteller via the Medium Link Below.
Marketing / Partnership / Events:
Twitter Spaces:
Please tune in Every Wednesday for the Elephant Money Spaces:
This past week EM spaces went over NFT information and Ecosystem Security.
8/2/2023 Twitter Space Link: https://twitter.com/ElephantStatus/status/1686752922648850432?s=20
NFT GIVEAWAY EVERY WEDNESDAY to a random audience member!
Congratulations to PHANTOM for winning the this weeks ELEPHANT MONEY UNLIMITED NFT!
Elephant Money Herd Twitter Spaces:
CryptoTN is hosting Kelly Snook on 8/10/2023 @ 0900 PST
Link Here: https://twitter.com/i/spaces/1vOGwMjDMlVxB
Winners with the highest views on Elephant Money Articles!
Sponsored by of the Patrick Cryptozoa
🐘💰 Congrats to all the Cryptozoa Elephant article winners 🔥🚀
1st place — @farnott with 2049 views from this article: Prize 600 BUSD
2nd place — @MattieD with 570 views from this article: Prize 400 BUSD
3rd place — @Lamcer31210 with 440 views from this article: Prize 200 BUSD
RAID a Week Content:
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YOUTUBE HERD:
MEDIUM HERD:
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.
