ELEPHANT & TRUNK are on OpenLeverage

Bankteller
Elephant Money
Published in
Feb 9, 2024
OpenLeverage contracts are tax free for ELEPHANT!

By popular request from the HERD, ELEPHANT and TRUNK are now whitelisted on OpenLeverage! In particular, OpenLeverage borrowing and trading contracts have been whitelisted for tax free ELEPHANT transfers. This opens up a wide degree of use cases for holders including the following:

  • Use ELEPHANT and TRUNK as collateral to borrow BNB tax free
  • Use leverage to trade ELEPHANT and TRUNK with your BNB
  • Cover emergency expenses without selling out of you Elephant Money positions
  • Earn high yield on your BNB as collateral for ELEPHANT and TRUNK borrowers

Here are the lending pools and trading markets supported:

This move is all part of our focused effort to row in the same direction and Drain the LPs!!! Let’s GO 🐘💰🔥🚀

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